FILE PHOTO: A logo on the new Aston Martin DBX at the new Aston Martin Lagonda factory in Barry, Wales, Britain February 21, 2020. REUTERS/Rebecca Naden/Pool/File Photo (Reuters) – Aston Martin’s (AML.L) immediate priorities will be restarting manufacturing and launching production of its crucial first sport utility vehicle, the luxury carmaker’s new boss, Formula 1… Continue reading New Aston Martin boss says focus on SUV launch, restarting factories
Tag: Aston Martin
Mercedes F1 boss Wolff takes a stake in Aston Martin
LONDON (Reuters) – Mercedes Formula One boss Toto Wolff has taken a stake in British sportscar maker Aston Martin, whose executive chairman Lawrence Stroll runs the Racing Point F1 team, according to company filings. FILE PHOTO: Formula One F1 – Russian Grand Prix – Sochi Autodrom, Sochi, Russia – September 28, 2019 Mercedes’ team principal… Continue reading Mercedes F1 boss Wolff takes a stake in Aston Martin
Aston Martin extends manufacturing suspensions by a week over coronavirus
LONDON, April 15 (Reuters) – Aston Martin is extending by a week the manufacturing suspensions in place at its two car factories, ahead of the arrival of its crucial first sport utility vehicle, whilst lockdown measures to combat coronavirus continue.
The luxury automaker, which secured fresh investment earlier this year after struggling since a stock market flotation in late 2018, is banking on the DBX model to drive sales in a new segment, appealing more to female buyers.
On March 30, the company said the vehicle was on time for first deliveries to dealers in the summer “dependent on production and supply chains returning as currently anticipated” with its sites then due to open on April 20.
“Considering the current global and local position on suppliers and employees, the business is now extending this temporary suspension until Monday 27 April, subject to ongoing review of the changing circumstances,” it said in a statement on Wednesday.
“The business will look to resume operations..
Aston Martin Wants To Be The “British Ferrari” And Will Prioritize Mid-Engine Cars – CarScoops
Aston Martin chief executive Andy Palmer says he wants to see the car manufacturer establish itself as the “British Ferrari.” The company is in a tough spot at the moment and recently received a significant investment from Canadian billionaire Lawrence Stroll. With Stroll now acting as executive chairman, Aston Martin will change the way it… Continue reading Aston Martin Wants To Be The “British Ferrari” And Will Prioritize Mid-Engine Cars – CarScoops
Aston Martin May Need More Cash Even After Bailout by Billionaire
Aston Martin Lagonda Global Holdings Plc said it may need to tap into high-interest notes it was trying to avoid drawing down, even after a 536 milion-pound ($663 million) capital infusion from a group led by billionaire Lawrence Stroll.
Aston Martin suspends operations at manufacturing sites
Aston Martin has confirmed the temporary suspension of all manufacturing operations at its UK plants in line with the latest UK government instructions on the fight against COVID-19. The suspension will come into force at all sites simultaneously tonight. A company staement says, “The business has taken this difficult but appropriate action in its determination… Continue reading Aston Martin suspends operations at manufacturing sites
Aston Martin to halt car production at both factories
Aston Martin Move brings luxury carmaker into line with other vehicle manufacturers during coronavirus lockdown Aston Martin’s first SUV, the DBX, inside their factory in St Athan in south Wales. Photograph: Aston Martin/PA Aston Martin Lagonda plans to stop production at its two factories on Wednesday because of the coronavirus lockdown, bringing the struggling luxury… Continue reading Aston Martin to halt car production at both factories
Aston Martin reveals its most powerful engine: hybrid 3.0-litre turbo V6
Aston Martin has detailed its new, in-house-designed hybrid V6 powertrain for the first time. Set to be deployed initially in the Valhalla mid-engined supercar from 2022, the engine has already undergone “extensive” dyno testing. It is codenamed TM01 after Tadek Marek, Aston’s famed engineer of the 1950s and 1960s. The new 3.0-litre V6 Aston Martin-designed engine set for debut in… Continue reading Aston Martin reveals its most powerful engine: hybrid 3.0-litre turbo V6
New Aston Martin V6 hybrid will be brand’s most powerful engine
Aston Martin has detailed its new, in-house-designed hybrid V6 powertrain for the first time. Set to be deployed initially in the Valhalla mid-engined supercar from 2022, the engine has already undergone “extensive” dyno testing. It is codenamed TM01 after Tadek Marek, Aston’s famed engineer of the 1950s and 1960s. The turbocharged 3.0-litre V6, the brand’s first… Continue reading New Aston Martin V6 hybrid will be brand’s most powerful engine
UPDATE 2-British carmakers and aerospace groups answer call to make ventilators
LONDON (Reuters) – Some of Britain’s biggest companies with expertise in aerospace and cars have formed three teams to produce basic ventilators to help the National Health Service cope with the coronavirus outbreak. Meggitt (MGGT.L), which employs 12,000 people and builds components including oxygen systems for civil aerospace and military fighter programs, is leading one… Continue reading UPDATE 2-British carmakers and aerospace groups answer call to make ventilators