Aston Martin’s first sport utility vehicle (SUV) rolled off the production line on Thursday, with the hopes of a turnaround at the luxury automaker which has seen changes in management and ownership over the last few months due to coronavirus crisis. Popular for being James Bond’s automaker of choice, the company has had a difficult […]
Aston Martin
Aston Martin posts deep quarterly as coronavirus hits sales
Aston Martin posted a deep first-quarter loss following decline in sales by almost a third because of the impact of the coronavirus crisis, though the luxury automaker said production of a crucial sport utility vehicle was on track. Aston Martin, known for being James Bond’s automaker of choice, observed dropping sales since October 2018. Dire […]
Aston Martin prepares to resume St Athan unit, cuts executives’ pay
Aston Martin stated on Thursday it prepares to resume its St Athan factory located in south Wales on May 5 and will also restart operations at Gaydon later, following the coronavirus-led shutdowns forced the luxury automaker to suspend production at both sites. The automaker also announced pay cuts of between 5% and 35% for its […]
Mercedes F1 boss Toto Wolff grabs a stake in Aston Martin
Mercedes Formula One boss Toto Wolff has grabbed a stake in British sportscar maker Aston Martin, whose executive chairman Lawrence Stroll operates the Racing Point F1 team, the company filings showed. A Mercedes F1 spokesman stated Wolff’s move was purely an investment on the Austrian’s part and would be diluted by a rights issue on Monday from 4.77% to less […]
Aston Martin to temporarily shut UK plants
British luxury automaker Aston Martin stated on Tuesday it would suspend production at its UK manufacturing facilities from Wednesday to April 20 to cope with the coronavirus crisis, which has damaged demand for its cars. The company, popular for being fictional agent James Bond’s favorite car, stated that the outbreak has boosted the risks to […]
Aston Martin pulls out of Le Mans after Valkyrie Hypercar delay
Aston Martin will not make its World Endurance Championship or Le Mans bow because it has postponed the development of its “Valkyrie” car for the races, the company stated. The British manufacturer had planned to show up in next season’s competition together with Toyota and Peugeot in the Hypercars division, which will replace the LMP1 […]
Geely in talks to grab a stake in Aston Martin
China’s Geely Automobile Holding is discussing with Aston Martin management and investors regarding a stake in the luxury carmaker that it wants to take, according to a source knowledgeable about the discussions and a report by the Financial Times, resulting in an increase in the British company’s share price. The Chinese group is carrying out […]
Lawrence Stroll looks for a huge stake in Aston Martin
Lawrence Stroll, a Canadian billionaire who is an owner of Formula One team Racing Point, is planning for a bid for a major stake in Aston Martin, Autocar magazine reported, sending the luxury sports automaker’s battered shares a boost of 17% on Thursday. Aston Martin has observed its shares decline since its flotation in October […]
Aston Martin DBS GT Zagato To Follow DB4 Zagato Recreations
The Aston Martin DB4 Zagato is an Aston Martin product, with the design highlighted as one of the most attractive cars the British marque has ever made. Today they sell for millions of dollars, and Aston Martin has even decided to manufacture 19 recreation cars for those with the money. However, these Zagato continuation vehicles […]
Aston Martin unveils Vanquish Vision concept at Geneva Motor Show
Aston Martin came up with a surprise at the 2019 Geneva Motor Show, and presented three mid-engine supercars together its ultimate track-focused Valkyrie. Competing marques such as McLaren and Ferrari expected the British automaker to present a new mid-engine supercar at the motor show. But showgoers were impressed by a trio of debut vehicle that […]
Brexit delay would prolong uncertainty, says Aston Martin CEO
A delay to Brexit would be more “annoyance” that would prolong uncertainty, the CEO of luxury automaker Aston Martin stated after Prime Minister Theresa May promised to give lawmakers a vote on increasing the date for Britain to depart the EU. Many companies have been triggering contingency strategies on the assumption Britain will depart the […]
Aston Martin’s adjusted pre-tax profit declines
Aston Martin posted an adjusted pre-tax profit of 68 million pounds ($90 million) in 2018, a 7 percent drop on 2017 as it still invests in a series of new models and a second factory as part of its turnaround strategy. The automaker, which moved on the London Stock Exchange last year, reported 136 million […]
Aston Martin triggers contingency strategies for no deal Brexit
British automaker Aston Martin has triggered contingency strategies to cope with a potentially disorderly Brexit, consisting of hiring a new supply chain chief and preparing to fly in components together with use ports other than Dover. Britain, the world’s fifth largest economy, is due to exist the European Union in just about 80 days but […]
Aston Martin to more than double car production by 2025
Luxury automaker Aston Martin has not yet seen a slowdown in its major markets and intends to more than double the number of cars it produces by 2025, its CEO said on Sunday. The British automaker, whose sports cars appear in James Bond films, is on way to produce 6,400 vehicles this year regardless of […]
Honda to invest $2.75 billion in self-driving car unit of General Motors
Shares in luxury automaker Aston Martin dropped as much as 6.5 percent on their market launch in London on Wednesday as investors and analysts raised issues over its ability to provide an ambitious roll-out of new models. The company, which last year made its first profit since 2010 and has gone bankrupt no less than […]
