Tag: Aston Martin

Aston Martin Posts First Profit in Eight Years

Aston Martin Holdings Ltd. is looking for a “big brother” partner in order to survive as a low-volume, luxury carmaker, even after it posted its first profit in eight years and prepares for a potential initial public offering. The manufacturer famous for making film spy James Bond’s favorite car could use a combination of capital… Continue reading Aston Martin Posts First Profit in Eight Years

Aston Martin boss: record profits show financial turnaround is complete

Aston Martin posted a profit of £87 million in 2017 – £250 million more than the £163 million loss the brand achieved in 2016. This was driven by a 58% upswing in global sales compared with 2016, with 5117 cars finding homes across the year. £876 million in revenue was raised – 48% up on 2016.… Continue reading Aston Martin boss: record profits show financial turnaround is complete

Aston Martin gears up for IPO with first pre-tax profit since 2010

LONDON (Reuters) – Aston Martin delivered its first annual pre-tax profit since 2010 on Monday after last year’s sales reached a nine-year high, while the luxury British carmaker also confirmed it is considering a stock market flotation. Pre-tax profit reached 87 million pounds ($122 million) last year at fictional spy James Bond’s car brand of… Continue reading Aston Martin gears up for IPO with first pre-tax profit since 2010

Lister Storm II Supercar Previewed In Promising Official Render

Estimated to boast 1,000 horsepower from a Jaguar-derived supercharged 7.8-liter V12 engine. It looks like the 1993 Lister Storm is getting a part deux as the Cambridge-based niche marque has teased a new supercar that will carry the famous moniker used briefly in the 1990s on a Jaguar-powered performance car. The company’s boss Lawrence Whittaker… Continue reading Lister Storm II Supercar Previewed In Promising Official Render

Ford shifts more execs as demand for a plan grows

Kumar Galhotra (Photo: Ford Motor Co.) The latest executive shift within Ford Motor Co. came Thursday as industry experts and Wall Street wait for the Blue Oval to prove it has a plan to drive growth and fund an uncertain future — and whether the right team is in place to execute that plan. Ford… Continue reading Ford shifts more execs as demand for a plan grows

Aston Martin DBX: South Wales factory on track for 2019

Aston Martin‘s new South Wales manufacturing facility is on track for 2019 completion, as construction of ‘Phase 1’ has now been finished. The state-of-the-art plant will build Aston’s new DBX crossover coupe next year.  The new factory in St Athan, a former Ministry of Defence site, will run alongside Aston’s Gaydon HQ, directly creating 750 new… Continue reading Aston Martin DBX: South Wales factory on track for 2019

Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects

With the launch of its excellent DB11, Aston Martin sales spiked 56 percent in 2017, with more than 5,100 cars sold, the most the company has shifted since 2008. Aston’s leader from 2014, Englishman Andy Palmer, is strongly optimistic about the prospects for the company, founded in 1913, over its next century, as the onetime… Continue reading Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects