Tag: Aston Martin

Lawrence Stroll to take bigger stake in Aston Martin

The investment fund headed by billionaire Lawrence Stroll has reworked its planned investment in Aston Martin – taking a bigger slice of the company as a result. While other car firms also suffered, the British company’s share price has been especially badly hit by market uncertainty sparked by the coronavirus pandemic. At one point earlier this week… Continue reading Lawrence Stroll to take bigger stake in Aston Martin

Aston Martin boosts capital-raising plan after coronavirus market volatility

LONDON, March 13 (Reuters) – Aston Martin is increasing a 500-million pound ($617 million) capital-raising plan by 36 million pounds due to the coronavirus outbreak which will now see a consortium led by Canadian billionaire Lawrence Stroll take a roughly 25% stake in the firm.
Aston, which has seen its share price tumble in recent days in addition to big losses last year after it failed to meet sales expectations, announced plans for Stroll to buy up to 20% of the company in January in a bid to turn around its fortunes.
“In light of recent extraordinary equity market volatility related to concerns over Covid-19, the company has renegotiated certain terms relating to the proposed investment,” the company said on Friday.
Short-term working capital from Yew Tree, a vehicle controlled by Stroll, is also being increased to 75.5 million pounds.
The firm, which builds all its cars in Britain, said the third production trial of its first sport utility vehicle is going ahead as planned.
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Williams Advanced Engineering: driving and disrupting technology

What happens when you combine world-class talent and cutting-edge technology with a deeply ingrained passion for expanding the boundaries of what’s possible? Jonny Williamson finds out. Over the past four decades (and counting), Williams F1 has typified the drive for engineering excellence. From its in-house-developed eight-speed, seamless-shift, semi-automatic gearbox to the carbon-fibre chassis of this… Continue reading Williams Advanced Engineering: driving and disrupting technology

03/10/2020Manuela Höhne takes over management of communications at the MAHLE Group

Manuela Höhne takes over management of communications at the MAHLE Group

Stuttgart/Germany, March 10, 2020 – With effect from April 1, 2020, Manuela Höhne will become the new Head of Corporate Communications/Public Relations at automotive supplier MAHLE in Stuttgart. She will report to Dr. Jörg Stratmann, CEO and Chairman of the Management Board of the MAHLE Group. Manuela Höhne assumes the role from Birgit Albrecht, who has left the company at her own request.

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Press release [PDF; 12 KB]Press picture [JPG; 4097 KB] “We are delighted to have recruited an experienced and skilled communications expert for our company in Manuela Höhne,” said Dr. Jörg Stratmann. “Her long-standing international experience in PR as well as in many areas of the automotive industry will provide new impetus that will substantially support MAHLE’s ongoing development.”
Manuela Höhne joins us from the Volkswagen Group, where she has worked since 2013. For the first five years, she was Head of Communications at French supercar manufacturer Bugatti Automobiles S.A.S. Her most recent position was as corporate spokesperson for sales and marketing for the group and its core brand Volkswagen Passenger Cars. Before joining the Volkswagen Group, she was Head of Communications Europe for almost five years at British sports car manufacturer Aston Martin Lagonda Ltd. Her career in the automotive industry began in 2000, as press officer for the German Association of the Automotive Industry (VDA) in Frankfurt, a position she held until 2007, latterly at the association’s Berlin offices.
In her new function, Manuela Höhne will be responsible for MAHLE’s global media communications and for the areas of internal, marketing, and aftermarket communication.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2018, the group generated sales of approximately EUR 12.6 billion with more than 79,000 employees and is represented in over 30 countries with 160 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, more than 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
For further information, contact:MAHLE GmbH
Ruben Danisch
Corporate Communications/Public Relations
Pragstraße 26 – 46
70376 Stuttgart, Deutschland
Telefon: +49 711 501-12199
Fax: +49 711 501-13700
E-Mail: ruben.danisch@mahle.com

Aston Martin Replacing AMG V-8 with a Hybrid V-6 It Will Make Itself – Car and Driver

The CEO of sports-car maker Aston Martin tells C/D the company will engineer its own 3.0-liter hybrid V-6. The new engine will be built in the U.K. and will be at least as powerful as the AMG V-8 (pictured above, in the DB11) that it replaces. Aston’s V-12 will continue, but its production will be… Continue reading Aston Martin Replacing AMG V-8 with a Hybrid V-6 It Will Make Itself – Car and Driver

Aston Martin: new chairman Lawrence Stroll to bring racing focus

Aston Martin has used what would’ve been its Geneva motor show press conference to introduce future executive chairman Lawrence Stroll, alongside a host of new models.  Held instead at Aston’s headquarters in Gaydon, Warwickshire after the Geneva show was cancelled, the short conference stream saw Canadian billionaire Stroll make his first appearance alongside CEO Andy… Continue reading Aston Martin: new chairman Lawrence Stroll to bring racing focus

Mega-power electric hypercar “not a priority” for Porsche

Porsche has no desire to follow the array of electric hypercars with four-figure power outputs into the market, according to the brand’s design chief.  Talking to Autocar in a phone interview that would have taken place at the cancelled Geneva motor show, Michael Mauer expressed that he has other ideas about what is important for enthusiasts. … Continue reading Mega-power electric hypercar “not a priority” for Porsche

2020 Geneva Motor Show cancelled

It’s official now. According to the latest update on the International Organization of Motor Vehicle Manufacturers’ website, this year’s Geneva Motor Show has been cancelled due to the continued spread of the Covid-19 coronavirus. Earlier this month, the Beijing Motor Show was officially postponed due to Coronavirus This is after several confirmed cases of Covid-19 in Geneva and… Continue reading 2020 Geneva Motor Show cancelled

Geneva Motor Show 2020: the cars we would have seen at cancelled show

The 2020 Geneva Motor Show was due to open its doors to the world’s press on Tuesday 3rd of March, but has now been cancelled by show organisers due to the developing outbreak of coronavirus in Europe.  Geneva is one of the most important events in the motoring calendar, acting as a stage for some of… Continue reading Geneva Motor Show 2020: the cars we would have seen at cancelled show