Aston Martin’s new DBX SUV accounted for more than a quarter of the British carmaker’s 2020 sales as volumes declined by 32% in a COVID-impacted 2020.
Stoneacre Motor Group has created a dual-brand Aston Martin and Lexus dealership in Newcastle after forging its first partnership with the Japanese premium brand via an acquisition from Jardine Motors Group.
Accounting errors have been blamed for an understatement of Aston Martin’s 2019 losses by £15.3 million.
Former Aston Martin president and chief executive Dr Andy Palmer has joined UK bus manufacturer Optare as its new president.
Aston Martin has revealed a plan to axe 500 jobs as part of a restructure of its operations designed to save the British carmaker £10 million each year.
The board of Aston Martin Lagonda has confirmed that Dr Andy Palmer will step down as its president and chief executive, with Mercedes-AMG boss Tobias Moers set to become CEO.
Aston Martin has begun a “phased return” to vehicle production at its St Athan plant a fortnight after F1 team boss Lawrence Stroll prioritised the restart after becoming a major shareholder.
Racing Point F1 Team owner Lawrence Stroll is targeting a return to vehicle production after providing a £536 million funding boost to Aston Martin.
Britain’s three sportscar manufacturers, Aston Martin, McLaren and Morgan have all confirmed they will stop manufacturing cars in the UK amid the Coronavirus pandemic.
Aston Martin Newcastle will host the UK public debut of two special vehicles on March 6.
Aston Martin has announced a series of key leadership appointments after news that a consortium led by F1 race team owner Lawrence Stroll has acquired a 17% share of the British sports car maker.
Aston Martin is pinning its hopes of a profitability turnaround on the success of its new DBX SUV after starting 2020 with another profit warning.
Aston Martin’s debut SUV – the St Athan-built DBX – will double sales volumes for the iconic sports car brand’s UK franchised dealers, according to Cambria Automobiles chief executive Mark Lavery.
Aston Martin and Centrepoint raise £1million at charity gala.
James Bond’s favourite carmaker Aston Martin Lagonda last week recorded a £13m loss for the last quarter, pointing to tough trading conditions in the UK and Europe along with disappointing sales of its Vantage two-seater sports car.
Aston Martin’s first SUV, the St Athan-built DBX, will be priced from £158,000 in the UK when order books open following its official global unveiling on November 20.
Having recently secured a major £120m bonds deal, Aston Martin appears to be banking on innovating its way through the current tough trading conditions and CEO, Andy Palmer, has promised that its ambitious investment plan can succeed.
Aston Martin’s decision to raise £120m in senior secured bonds in a move which will see it paying 12% interest has been described as an “all-or-nothing rescue attempt” by the Financial Times.
Pressure has been building on Aston Martin to ensure its next niche models deliver the goods.
PSA Group has reported record H1 profitability on the same day that Aston Martin suffered a share price slump, Daimler revealed Q2 losses and reports suggest mass job cuts could be on the cards at Nissan.
