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As a part of the UK carmaker Aston Martin’s recovery plan, Germany's Daimler unit Mercedes-Benz is going to raise its stake up to 20 percent in the company by 2023. The deal which has been termed as a "strategic technology agreement", will allow Aston Martin to access the modern Mercedes technologies, including next-generation hybrid and electric powertrains.
Easyjet raises £306 million in cash by selling 9 of its Airbus A320 jets
The British low-cost airline group Easyjet, in view of the prolonged crisis in the aviation sector and to help it through the winter, has announced the sale-and-leaseback of another 9 of its Airbus A320 jets. The Airbus 320 single-aisle short-haul planes have been sold to leasing companies based in Dublin to raise £305.7 million in cash.
* BP Plc surprises with a modest profit for the third quarter of 2020
BP Plc, the British multinational oil major, has beaten the market estimates by posting a surprise third-quarter profit. The company though posted an underlying profit of $86 million but warned of a challenging environment created by the global pandemic.
