Aston Martin chief executive Andy Palmer talks exclusively to Autocar UK following the announcement that billionaire Lawrence Stroll is investing in the firm.“I’m getting too old for all-nighters, but let’s just say it was a late night! It has been time-consuming, but as I sit here now the company is better funded than it has… Continue reading Autocar UK Exclusive: Andy Palmer on Lawrence Stroll’s stake buy and future – Autocar Professional
Tag: Aston Martin
Ferrari tempers 2020 expectations with cautious upgrade
MILAN (Reuters) – Demand for Ferrari’s (RACE.MI) Portofino and 812 Superfast models helped the Italian supercar maker hit profit targets for last year though it only a provided cautious upgrade to its outlook for 2020. FILE PHOTO: Ferrari Roma is unveiled during its first world presentation in Rome, Italy, November 14, 2019. REUTERS/Guglielmo Mangiapane/File Photo… Continue reading Ferrari tempers 2020 expectations with cautious upgrade
Aston Martin delays electric car plans after raising emergency funds – The Verge
Aston Martin has officially delayed all plans for electric vehicles after taking on a desperately-needed new investment from Formula One billionaire Lawrence Stroll. The company says it has indefinitely suspended its first electric car, the Rapide E, after refusing to confirm rumors about the project earlier this month. And it has pushed the launch of… Continue reading Aston Martin delays electric car plans after raising emergency funds – The Verge
Aston Martin won’t release EVs until it’s financially stable
Sponsored Links Aston Martin Aston Martin has officially delayed the launch of all of its electric vehicles while it attempts to get back on solid financial footing. On Friday, the automaker said it plans to take up to £500 million (approximately $659 million) in emergency funding from a group of investors led by Canadian billionaire… Continue reading Aston Martin won’t release EVs until it’s financially stable
Aston Martin’s Electric-Car Plans Fall Victim to Stroll Rescue
Aston Martin Lagonda Global Holdings Plc’s 500-million-pound ($656 million) cash lifeline from Canadian billionaire Lawrence Stroll has a major casualty — the company’s push into electric cars.
Aston Martin Shares Leap 25% As Billionaire Stroll Buys Big Stake
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 seals £500m rescue deal
Embattled Aston Martin has accepted a lifeline from a foreign investor as the luxury car maker struggles under its rising costs and debt load, sending its shares soaring by a quarter.Mr Stroll will join the board and become executive chairman.Aston Martin will also tap existing shareholders for a further £318m as part of a rights issue.
Aston Martin’s lifeline buys carmaker time as SUV hits road
LONDON (Reuters) – Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint… Continue reading Aston Martin’s lifeline buys carmaker time as SUV hits road
Aston Martin: no Stroll in the park
Driving a healthy, profitable car maker across the finish line remains a distant prospect Go to Source
Aston Martin: F1 billionaire owner leads rescue deal
Struggling luxury UK carmaker Aston Martin has announced plans to raise emergency funding worth £500m. A consortium led by billionaire Lawrence Stroll will put in £182m, with the rest of the money coming from existing investors. Mr Stroll partly owns the Racing Point Formula 1 team, which will be branded Aston Martin from 2021 under… Continue reading Aston Martin: F1 billionaire owner leads rescue deal