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 […]
Aston Martin
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 […]
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 […]
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 […]
Aston Martin intends to steer round Brexit to $6.7 billion IPO
Luxury British automaker Aston Martin is looking for a price tag of up to 5.1 billion pounds ($6.7 billion) in its stock market debut in October and has prepared for any Brexit outcome, it stated on Thursday. The company, known for making the sports car stated in August that it planned to sell about 25 […]
Aston Martin prepares to go public as turnaround picks up speed
Luxury automaker Aston Martin prepares to float on the London Stock Exchange, finishing a turnaround for the once perennially loss-making company that could now be evaluated at up to 5 billion pounds ($6.4 billion). The 105-year old firm, known for building the sports car driven by fictional secret agent James Bond, would be the first […]
Aston Martin has not enough time for tech customs solution to Brexit
The boss of automaker Aston Martin cautioned it was probably too late to present the kind of technology required for the post-Brexit customs plan that is supported by many British eurosceptics. Chief Executive Andy Palmer said that getting the technology in place would cost millions of pounds and it appeared to be too late to […]
Investindustrial rejects seeking to raise stake in Aston Martin
Italy’s Investindustrial is not in discussion about boosting its stake in Aston Martin and no decision has been made on a possible stock market listing for the British automaker, the private equity group stated, rejecting an earlier newspaper report. Italian daily Il Messaggero had reported on Sunday that the fund was in sophisticated negotiations to […]
Aston Martin reveals 2019 Vantage model
Luxury automaker Aston Martin revealed its new Vantage model on Tuesday, as it pursues a turnaround strategy designed to return it to profitability and establish a possible stock market flotation. The central England-based company, famous for making the sports car driven by fictional James Bond, is on its way this year for its first pre-tax […]
Aston Martin relies on an SUV to drive its future
The arrival of Aston Martin’s DBX sport utility vehicle in 2019 could result in more than double sales of the automaker by early next years, its CEO informed Reuters. The companys’s arrival into the fast-growing super-premium SUV market “definitely changes business,” Andy Palmer stated in an interview in the United States. It could improve sales […]
Aston Martin calls for investment clarity following UK election
British high-end automaker Aston Martin contacted political leaders to quickly offer rapid reassurances to company so they can keep investing after a snap election provided no political party a total majority in parliament. “We can not worry strongly enough the requirement for fast and decisive policy instructions to guarantee that business can continue to invest […]
Aston Martin states Brexit could be good for British automakers
In the run-up to the referendum, the UK vehicle industry was amongst the loudest voices on the Remain side. But one voice remained especially missing from the debate: Andy Palmer, president of Aston Martin. However speaking to City A.M., Palmer suggests not only that Brexit is not likely to rain fire and brimstone on the […]
