By Reuters Staff 2 Min Read (Reuters) – Aston Martin’s AML.L 125 million pound ($163 million) capital increase has been fully subscribed, the loss-making carmaker said on Wednesday as it seeks to turn round the business with additional support from Daimler DAIGn.DE. Slideshow ( 2 images ) Shares in the company jumped as much as… Continue reading Aston Martin gains capital injection and strengthens Mercedes link
Tag: Aston Martin
Aston Martin hopes £1.3bn investment will revive its fortunes
Aston Martin Luxury carmaker to expand partnership with Mercedes and could mean fully electric models by 2026 Aston Martin’s chairman said the new deal would not result in the ‘James Bond’ car being built overseas. Photograph: Rebecca Naden/Reuters Aston Martin Lagonda has announced a “game-changing” £1.3bn refinancing package that will hand up to 20% of… Continue reading Aston Martin hopes £1.3bn investment will revive its fortunes
Aston Martin capital raise subscribed as Mercedes deal revs up shares
By Reuters Staff 2 Min Read FILE PHOTO: An Aston Martin logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File Photo (Reuters) – Aston Martin said on Wednesday all the shares available in its 125-million-pound ($162.91 million) capital raise have been placed or subscribed, as the… Continue reading Aston Martin capital raise subscribed as Mercedes deal revs up shares
@Daimler: Mercedes-Benz AG and Aston Martin to expand technology partnership and shareholding
Mercedes-Benz AG and Aston Martin Lagonda to expand and enhance their existing technology partnership. Strategic Cooperation Agreement signed that will provide Aston Martin with access to new Mercedes-Benz technologies and components. Access to these new technologies and components will be provided in exchange for new shares in Aston Martin; the supply of these new technologies… Continue reading @Daimler: Mercedes-Benz AG and Aston Martin to expand technology partnership and shareholding
@Daimler: 27. Oct 2020Mercedes-Benz AG and Aston Martin to expand technology partnership and shareholding
October 27, 2020 – Mercedes-Benz AG and Aston Martin Lagonda Global Holdings plc (“Aston Martin”) have announced a new strategic technology agreement and an enhanced partnership. The new agreement will see Mercedes-Benz AG grant access to a range of advanced Mercedes-Benz technologies, including next generation hybrid and electric powertrains, as well as other vehicle components… Continue reading @Daimler: 27. Oct 2020Mercedes-Benz AG and Aston Martin to expand technology partnership and shareholding
VW gauges interest in Ducati brand as a prelude to potential sale: sources
LONDON/FRANKFURT (Reuters) – Volkswagen Group VOWG_p.DE is hosting preliminary talks with potential bidders for its Ducati brand to gauge potential interest in the motorcycle maker ahead of a November planning round, three people familiar with the matter told Reuters. Slideshow ( 2 images ) During the five-year planning round, VW will review the future of… Continue reading VW gauges interest in Ducati brand as a prelude to potential sale: sources
Andy Palmer has ‘no regrets at all’ about his time as Aston Martin boss – Telegraph.co.uk
Andy Palmer has ‘no regrets at all’ about his time as Aston Martin boss Telegraph.co.uk Go to Source
Andy Palmer joins Inobat’s AI battery project
Former Aston Martin CEO and ex-Nissan chief planning officer Andy Palmer has joined a Slovakian-based venture to develop the world’s first artificial intelligence (AI) battery production centre. The facility uses AI to commercialise battery cells up to 10 times faster than today’s most common processes. The company, called Inobat and financed by a private equity consortium led… Continue reading Andy Palmer joins Inobat’s AI battery project
Inobat Auto unveils world’s first intelligent EV battery
The world’s first ‘intelligent’ electric vehicle battery was today launched by European EV battery producer, InoBat Auto. Speaking at the GLOBSEC Tatra Summit 2020, InoBat Auto’s co-founder and CEO, Marian Bocek. announced that after only a year of R&D, InoBat can now unveil the world’s first battery developed through a combination of Artificial Intelligence (AI) and… Continue reading Inobat Auto unveils world’s first intelligent EV battery
Mercedes-Benz Denies Aston Martin Takeover Plans – Ward’s Auto
The head of Mercedes-Benz denies the automaker is planning to take a controlling stake in Aston Martin. In an interview with Wards following the presentation of a new brand strategy this week, Mercedes-Benz CEO Ola Kallenius firmly squelched rumors the company was set to increase its stake in the traditional U.K. sports car maker, in… Continue reading Mercedes-Benz Denies Aston Martin Takeover Plans – Ward’s Auto