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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Luxury brands such as Aston Martin, Bentley are branching out to sell sofas, sunglasses and yachts
The entire car industry is usually in the state of the flux at this moment. Not just the car companies yet are struggling to get them back on the track after economic crash, the companies such as Google, Uber and Tesla are looking to always disrupt industry completely with the most autonomous technologies of driving,
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Red Bull and Aston Martin To Create Only 150 Of These Costly Cars
Aston Martin and Red Bull Racing revealed their brand-new supercar to make the world’s fastest street-legal production car and boost the British automaker’s image. The supercar, code-named AM-RB-001, will not be available until the end of 2018. As well as then, it will be tough to come by. Just 99 to 150 of the vehicles
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Brexit result might not be good for auto industry
Britain’s automobile industry faces an uncertain time following a mandate that will put the United Kingdom outside the European Union. Industry specialists have been rushing to understand the effects of what one group referred to as “the most significant event” in Britain’s modern history. The UK is the home of lots of car manufacturing plants
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Aston Martin’s powerboat yacht is equivalent of a convertible
Called AM37, a new powerboat styled by Aston Martin and Quintessence Yachts for the Salone del Mobile, a city-wide design celebration in Milan. An Aston Martin news release states the boat was created to catch the “performance, handling, convenience, and design synonymous with Aston Martin”. The whole press release, is actually filled with Aston Martin-esque
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Henrik Fisker launches Force 1 ‘super car’ regardless of threats from Aston Martin
Henrik Fisker showed off his new super car Tuesday at the Detroit vehicle show regardless of lawful threats from his former company, uber-luxury manufacturer Aston Martin. VLF Automotive– a joint venture of supplier Gilbert Villarreal, car design titan Bob Lutz and also Fisker– revealed the $268,500, 10-cylinder, 8.4-liter Force 1 at the North American International
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