By Costas Pitas GAYDON, England, May 29 (Reuters) – The boss of carmaker Aston Martin warned it was probably too late to roll out the kind of technology needed for the post-Brexit customs plan that is favoured by many British eurosceptics. Chief Executive Andy Palmer told Reuters that getting the technology in place would cost… Continue reading INTERVIEW -Not enough time for tech customs solution to Brexit – Aston Martin
Tag: Aston Martin
DS 4 and 5 production ends as part of drastic line-up changes
DS has ended production of its slow-selling 4 and 5 hatchbacks as part of an aggressive product plan designed to turn around shrinking global sales. The PSA Group premium brand is now only selling what a spokesman described as an “extensive supply” of existing stocks for the 4 and 5, both of which have suffered from dwindling sales and contributed… Continue reading DS 4 and 5 production ends as part of drastic line-up changes
New Aston Martin Vantage begins production
17 May 2018, Gaydon: Aston Martin has commenced production of the new Vantage, the most sporting model in the luxury carmaker’s series production range. With the first Vantage coming off the British brand’s Gaydon production line today, deliveries to customers will commence later this month. Aston Martin President and CEO, Dr Andy Palmer, said: “Today marks… Continue reading New Aston Martin Vantage begins production
Aston Martin achieves first-quarter EBITDA of £43.7 million on revenues of £185.4 million
EBITDA up 3% to £43.7 million in Q1 2018, representing 24% EBITDA margin on revenues of £185.4 million Average selling price per vehicle increases 11% to £160k, reflecting high options uptake and regional mix Wholesale units exceed 900 vehicles amid strong demand for new V8 powered DB11 Order book outpaces overall production capacity DB11 Volante… Continue reading Aston Martin achieves first-quarter EBITDA of £43.7 million on revenues of £185.4 million
Flight of the Valkyries.
The serially loss-making Aston Martin Holdings Ltd. is purring again. At least, that’s the conclusion you might draw from the few financial figures the luxury carmaker hands out to journalists each quarter. Revenue jumped by half last year thanks to swish new models such as the DB11. The private-equity and Kuwaiti-owned company’s 87 million pounds ($116 million) of… Continue reading Flight of the Valkyries.
Aston Martin growth spurt continues with £43m profit in Q1
Aston Martin has announced pre-tax profits of £43.7 million in the first quarter of 2018, leading to the British marque being named “the world’s fastest growing auto brand” by consultancy firm, Brand Finance. The profit rise has been largely credited to the recently launched DB11 V8 Coupe and Volante models along with early interest in… Continue reading Aston Martin growth spurt continues with £43m profit in Q1
Aston Martin gears up for more growth ahead of possible flotation
LONDON (Reuters) – Luxury British carmaker Aston Martin remained in the black in the first quarter of 2018, although pretax profit fell due to a weaker dollar and investment on a series of model launches. FILE PHOTO: The Aston Martin Lagonda Vision Concept car is pictured during the 88th Geneva International Motor Show in Geneva,… Continue reading Aston Martin gears up for more growth ahead of possible flotation
Prodrive: how it went from building rally cars to hybrid transit vans
“I’ve always looked at ambulances as heavy, old technology. How do you bring them into the modern era? That’s what we’re working on next.” David Richards, the boss of the Prodrive race team and engineering company he set up in 1984, is nothing if not diverse in his business. While closely associated with high-profile World… Continue reading Prodrive: how it went from building rally cars to hybrid transit vans
Why Aston Martin Replaced the DB11 V12 With the Hotter AMR After Twenty Months
Entering production in September 2016, the DB11 V12 was Aston’s first brand-new model in years, built on a fresh platform and powered by a self-developed twin-turbo engine no one saw coming. Yet just 20 months and roughly 4200 cars later, the original DB11 is no longer available—it’s been replaced by the hotter DB11 AMR. Aston… Continue reading Why Aston Martin Replaced the DB11 V12 With the Hotter AMR After Twenty Months
Aston Martin commences production of the new Vantage
Six months after it first revealed the bold new Vantage, Aston Martin has commenced production of the most sporting model in the luxury carmaker’s series production range. With the first Vantage coming off the British brand’s Gaydon production line today, deliveries to customers will commence later this month. Aston Martin president and CEO, Dr Andy Palmer,… Continue reading Aston Martin commences production of the new Vantage