Lucid to take 3.7% stake in Aston Martin under strategic deal, FT reports

Lucid (LCID) will take a 3.7% stake in Aston Martin (ARGGY) as part of a strategic tie-up and receive a GBP 104M cash payment from the carmaker, The Financial Times’ Peter Campbell reports. Aston already uses engines and other technology from Mercedes (MBGYY).