Tag: Aston Martin

Aston Martin tumbles after saying it may seek more funding – Gulf News

1 of 9 STEPS TO CUT COSTS: Aston Martin Lagonda Global Holdings Plc said it may raise more funds and will take further steps to cut costs and control cash as the coronavirus pandemic weighs on business. The British manufacturer reported a wider first-quarter loss and a 60% drop in revenue. The carmaker recently got… Continue reading Aston Martin tumbles after saying it may seek more funding – Gulf News

Aston Martin makes £119m loss in first quarter of 2020

Aston Martin Carmaker’s woes escalate, with 45% fewer cars sold to dealers than in same period last year Coronavirus – latest updates See all our coronavirus coverage Aston Martin sales slumped by 86% in China, and decreased by 57% and 30% in the Americas and Europe. Photograph: Rebecca Naden/Reuters Aston Martin Lagonda’s losses ballooned to… Continue reading Aston Martin makes £119m loss in first quarter of 2020

Aston Martin posts deep quarterly loss as pandemic slams brakes on sales

LONDON (Reuters) – Aston Martin (AML.L) posted a deep first-quarter loss after sales dropped by nearly a third due to the impact of the coronavirus crisis, though the luxury car maker said production of a crucial sport utility vehicle was on track. FILE PHOTO: An Aston Martin logo is pictured at the new factory in… Continue reading Aston Martin posts deep quarterly loss as pandemic slams brakes on sales

Exclusive: Andy Palmer on Aston Martin’s investment deal and future – Autocar

Don’t you have to take the responsibility for that? “Yes. I’m chief executive. I’m responsible for that and for where we are. Clearly there were factors I couldn’t control, which affected almost every luxury car maker, but it is absolutely my responsibility to get us through this.” What would have happened without this investment? “We… Continue reading Exclusive: Andy Palmer on Aston Martin’s investment deal and future – Autocar

Nissan plans to restart output at UK’s biggest car factory in June

FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir LONDON (Reuters) – Nissan (7201.T) will restart phased production in early June at its northern English Sunderland factory, Britain’s biggest car plant, as the sector tries to resume operations amid the coronavirus outbreak. Output at the site, which… Continue reading Nissan plans to restart output at UK’s biggest car factory in June

Aston Martin revs up production as host of companies get back to work

British businesses are sketching out how they plan to get back to work despite no clear government guidance on when the lockdown will ease.The south Wales plant builds the DBX, Aston’s first SUV.Taylor Wimpey, one of the country’s largest housebuilders, outlined plans for a “phased return to construction” starting on May 4.

UK’s Aston Martin plans to restart St Athan unit, cuts executives’ pay

FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint Athan, Wales, Britain December 6, 2019. REUTERS/Rebecca Naden/File Photo (Reuters) – Aston Martin (AML.L) said on Thursday it plans to restart its St Athan factory in south Wales on May 5 and will also resume operations at Gaydon later, after the… Continue reading UK’s Aston Martin plans to restart St Athan unit, cuts executives’ pay

Billionaire Stroll completes Aston Martin investment

Canadian billionaire Lawrence Stroll has formally taken up his role as executive chairman of Aston Martin Lagonda, having completed his purchase of a 25% stake in the firm today. In addition, it has been revealed that Stroll’s consortium has passed on some of its shares to two further investor consortiums, one of which is led… Continue reading Billionaire Stroll completes Aston Martin investment