Aston Martin Triples Loss; Survival Might Require A Takeover. “It is difficult to see how it can survive” Troubled luxury sports car maker Aston Martin tripled its losses in the first half of 2022 and investors hoping last month’s £653 million ($744 million) capital raising might end worries about its financial security need to think […]
Tag Archives | Aston-Martin
Could Electric Cars Save Aston Martin, As It Attempts To Shake Off Debt Burden?
Could Electric Cars Save Aston Martin, As It Attempts To Shake Off Debt Burden? “Aston Martin Lagonda has swerved to avoid a crash but could still end up in the ditch” Another day, another bailout for financially-troubled British luxury sports car and SUV maker Aston Martin https://www.astonmartinlagonda.com/, undermined by debt and unsettled by leadership changes. […]
Aston Martin Losses Worsen, But Investors Like Leadership Change
Aston Martin Losses Worsen, But Investors Like Leadership Change. “Under Moers, the group cut costs and launched new brands such as the DBX707” Aston Martin’s losses more than doubled in the first quarter, but investors seem confident the long-term future is rosy, with a bit of help from a well-seasoned new CEO. It will have […]
Mercedes-Benz Will Buy Up To 20% In Aston Martin
Mercedes-Benz Will Buy Up To 20% In Aston Martin. “Will Aston Martin slowly but surely become part of Daimler? It certainly seems that way” Aston Martin shareholders will breathe a sigh of relief as a deal with Daimler’s Mercedes Benz in which it acquires up to a 20% stake in the financially troubled British luxury […]
Aston Martin Replaces CEO, Gears Up For DBX Launch
Aston Martin Replaces CEO, Gears Up For DBX Launch. “Aston Martin’s position has improved from critical to merely hazardous” Financially troubled British luxury sports car maker Aston Martin shares jumped more 30%, admittedly from an extremely low base, after news Tuesday new owner Lawrence Stroll had replaced CEO Andy Palmer with Mercedes-AMG’s Tobias Moers. Aston […]
Aston Martin Shares Leap As Stroll Buys Big Stake
Aston Martin Shares Leap As Stroll Buys Big Stake. “it’s unclear how the new plan will affect its financial performance” Aston Martin shares accelerated ahead Friday after news Canadian billionaire Lawrence Stroll will buy up to 20% in the ailing luxury sports car and SUV maker, according to Reuters. Aston Martin will raise a total […]
Aston Martin Shares Dive After Another Profit Warning
Aston Martin Shares Dive After Another Profit Warning. “Solid sales of a new SUV will be needed merely to meet mounting interest payments and avoid a balance sheet detonation,” British luxury sports car and SUV maker Aston Martin’s shares dived over 13% Tuesday after it cut its profit forecast for 2019 for the third time. […]
Aston Martin Silent On Investor Bailout Reports
Aston Martin Silent On Investor Bailout Reports. “Aston Martin has a challenging future, and we believe that operational issues will mean the rally is short-lived” Aston Martin declined comment on reports China’s Geely Automobile Holdings, which owns the Lotus sports car company, wants to take a stake in the financially troubled luxury car and SUV […]
Aston Martin Shares Jump After Unconfirmed Bid Reports
Aston Martin Shares Jump After Unconfirmed Bid Reports. “Aston’s recent track record of falling revenue and disappearing margins makes a big sales boost look as outlandish as the next Bond move plot” Aston Martin shares jumped another 3% after a huge 20% jump following unconfirmed reports Canadian billionaire and Formula 1 team owner Lawrence Stroll […]
Aston Martin Unveils New £158,000 SUV, The DBX
Aston Martin Unveils New £158,000 SUV, The DBX. “Aston Martin looks set to survive 2019 and should see improved fortunes in 2020 – if DBX works, it should power a degree of share price recovery,” Aston Martin, the storied British luxury sports maker, thinks movie legend secret James Bond has started a family and has […]