But Aston reckons it has nailed the production issues that have been dogging it of late. “Seventy per cent of the value is coming from outside so we have decided to have suppliers as partners, not only as suppliers,” Amadeo Felisa, Aston Martin CEO, said on a call to analysts on Wednesday. The company met… Continue reading Aston Martin turnaround begins with £6.6 million profit in Q4
Tag: Aston Martin
Aston Martin losses more than double to £495mn in 2022
What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Aston Martin losses more than double to £495mn in 2022
Aston Martin losses more than double amid hopes for turnaround in 2023
An employee works on the interior of an Aston Martin Valkyrie. Photograph: Phil Noble/Reuters An employee works on the interior of an Aston Martin Valkyrie. Photograph: Phil Noble/Reuters Aston Martin losses more than double amid hopes for turnaround in 2023 Sportscar maker’s £495m loss in 2022 follows spending on new models and supply chain problems… Continue reading Aston Martin losses more than double amid hopes for turnaround in 2023
@AML: Final Results000404
1 March 2023 Aston Martin Lagonda Global Holdings plc Preliminary results for the 12 months to 31 December 2022 – FY 2022 results in-line with prior outlook, with strong Q4 performance – FY 2022 revenue growth of 26%, driven by record total ASP of more than £200k – Strong demand across the portfolio; c.80%… Continue reading @AML: Final Results000404
Australian battery firm buys Britishvolt for undisclosed fee
Australian battery start-up Recharge Industries has purchased Britishvolt for an undisclosed fee, planning to revive the failed gigafactory project in Blyth, Northumberland. Britishvolt will now use Recharge’s preferred battery technology – licensed from American firm Charge CCCV (C4V) – rather than that which was in development under the previous ownership. It aims to begin manufacturing cells… Continue reading Australian battery firm buys Britishvolt for undisclosed fee
Halfords and Palmer Foundation search for new automotive apprentices
Halfords and the Palmer Foundation, working with the Institute of the Motor Industry, First Step Trust and London South East Colleges, are launching a new programme to give young people from disadvantaged backgrounds their first step towards a career in the automotive industry. Auto Express contributor and founder of the Palmer Foundation, Andy Palmer, said,… Continue reading Halfords and Palmer Foundation search for new automotive apprentices
From the archive: on this day in 1966
Audi sold 1.6 million cars last year and is instantly recognisable the world over, so it’s surprising to learn that it’s a young company. Audi made cars from 1910 until war broke in 1939. Come 1945, the occupying Soviets stole the assets of its parent firm, Auto Union, so execs had to go west and… Continue reading From the archive: on this day in 1966
@niche: Praga Cars UK Czechs into Dunsfold Park002526
Following the recent launch of the limited-edition Praga Bohema hypercar and new 28-unit Praga ZS 800 motorcycle, Praga Cars UK has relocated from Cheshire to Dunsfold Park in Surrey, where its new client spec’ing facility and brand visitor centre will be located. Within two hours of London’s international airports, the Aston Martin, McLaren and Rolls… Continue reading @niche: Praga Cars UK Czechs into Dunsfold Park002526
@AML: Aston Martin DBS 770 Ultimate raises 750,000 Swiss Francs at charity auction000402
20 February 2023 – Gstaad, Switzerland: The very first hand built Aston Martin DBS 770 Ultimate has raised 750,000 CHF for charity, taking centre stage of a glittering auction at the Action Innocence Charity Gala in Gstaad, Switzerland. The first example of the highly desirable Coupe model was donated by Aston Martin Lagonda and became… Continue reading @AML: Aston Martin DBS 770 Ultimate raises 750,000 Swiss Francs at charity auction000402
2023 Aston Martin F1 car revealed with new badge
Aston Martin has unveiled its entrant for the 2023 Formula One season. Called the AMR23, it features numerous revisions over last year’s car – which finished seventh overall in the Constructors’ Championship. The biggest change for the Aston Martin F1 team will come in the shape of two-time World Champion Fernando Alonso joining its ranks,… Continue reading 2023 Aston Martin F1 car revealed with new badge