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Aston Martin names Tobias Moers as its new CEO

Aston Martin names Moers as its new CEO

Aston Martin hs today confirmed that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer who stepped down yesterday.

Business • 26 May 20

Aston Martin chief set to leave company - source

Aston Martin chief executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter has told Reuters.

Business • 25 May 20

Aston Martin CEO Andy Palmer said the company were 'obviously fairly significantly hit by Covid-19'

Aston Martin posts deep loss as coronavirus hits sales

Aston Martin has today posted a first-quarter pretax loss of £119m after sales dropped by nearly a third due to the impact of the coronavirus outbreak and the destocking of dealers, the carmaker said today.

Business • 13 May 20

Aston Martin's finance boss to leave as losses deepen

Aston Martin's chief finance officer will leave the company after a tumultuous 2019 in which the luxury carmaker's losses ballooned after sales dropped and it drafted in a new investor to help turn around the firm.

Business • 27 Feb 20

Canadian billionaire Lawrence Stroll made his money through investing in fashion brands such as Tommy Hilfiger and Michael Kors

Billionaire shifts Aston Martin into the fast lane

Canadian billionaire Lawrence Stroll has agreed to buy up to 20% of Aston Martin and will rename his Formula One team after the 107-year-old company famed for being fictional secret agent James Bond's car of choice.

Business • 31 Jan 20

Aston Martin CEO Andy Palmer said 2019 was a disappointing year for the car maker

Aston Martin warns profits to halve after grim December

Aston Martin has warned its annual profit would almost halve as tough trading conditions continued during its peak month of December, sending the luxury carmaker's shares down about 12%.

Business • 07 Jan 20

Aston Martin listed in October last year at £19 a share, but that has since plunged by around 75%

Aston Martin launches first SUV, hopeful of turnaround

Aston Martin, which has seen its share price plunge this year as sales failed to meet expectations after a stock market flotation, today launched its first sport utility vehicle, hoping for a turnaround in fortunes.

Business • 20 Nov 19

Aston Martin swings to Q3 loss as volumes drop

Luxury British carmaker Aston Martin swung to a third-quarter loss today, saying its full-year wholesale volumes would be lower than previously guided after slumping demand in Europe and Asia.

Business • 07 Nov 19

Aston Martin's chief executive Andy Palmer

Aston Martin quarterly revenue beats expectations

Luxury carmaker Aston Martin today posted better-than-expected first-quarter revenue as it sold more vehicles in the Americas and China, but said its expansion push had hit core earnings.

Business • 15 May 19

Aston Martin's CEO Andy Palmer says the Brexit votes process is a 'further annoyance'

Brexit delay to prolong uncertainty - Aston Martin CEO

A delay to Brexit would be a "further annoyance" which would prolong uncertainty, the boss of luxury carmaker Aston Martin said after Prime Minister Theresa May promised to give politicians a vote on extending the date Britain leaves the EU.

Business • 28 Feb 19

Aston Martin CEO Andy Palmer said the car maker has to prepare for the worst case Brexit scenario

Aston Martin triggers Brexit contingencies

Aston Martin has hired a supply chain chief and approved Brexit plans to avoid delays by using ports other than Dover and flying in components as the carmaker prepares for a possible no deal in March.

Business • 07 Jan 19

Aston Martin CEO Andy Palmer has said that the 'rich are getting richer'

Aston Martin to more than double production by 2025

Luxury carmaker Aston Martin has not yet seen a slowdown in its key markets and aims to more than double the number of cars it makes by 2025, its chief executive has said.

Business • 26 Nov 18

Andy Palmer