Aston Martin gets £125m funding boost to counter losses Aston Martin will raise more than £125m through funding from its chairman and the sale of its stake in the Formula One team he owns, as the luxury carmaker grapples with ballooning losses. Business • 31 Mar
Aston Martin gets £125m funding boost to counter losses Aston Martin will raise more than £125m through funding from its chairman and the sale of its stake in the Formula One team he owns, as the luxury carmaker grapples with ballooning losses. Business • 31 Mar
Aston Martin cuts 5% of workforce, delays first EV again Luxury carmaker Aston Martin said today it will cut about 5% of its global workforce to further reduce costs and drive future investments, and delayed the launch of its first battery electric vehicle (BEV) for the second time. Business • 26 Feb
Aston Martin cuts 5% of workforce, delays first EV again Luxury carmaker Aston Martin said today it will cut about 5% of its global workforce to further reduce costs and drive future investments, and delayed the launch of its first battery electric vehicle (BEV) for the second time. Business • 26 Feb
Aston Martin raises new capital, warns on profit Shares in Aston Martin fell as much as 9% to a more than two-year low today after the British luxury carmaker warned that annual profit could fall as much as 11% on delivery delays and said it would raise new capital. Business • 27 Nov 24
Aston Martin raises new capital, warns on profit Shares in Aston Martin fell as much as 9% to a more than two-year low today after the British luxury carmaker warned that annual profit could fall as much as 11% on delivery delays and said it would raise new capital. Business • 27 Nov 24
Aston Martin warns of lower profit on supply chain, China Aston Martin has today warned of lower annual core profit and cut its forecast for production volumes on supply chain disruptions and weakness in China, sending shares 8% lower in early trade. Business • 30 Sep 24
Aston Martin warns of lower profit on supply chain, China Aston Martin has today warned of lower annual core profit and cut its forecast for production volumes on supply chain disruptions and weakness in China, sending shares 8% lower in early trade. Business • 30 Sep 24
Aston Martin's quarterly loss swells more than expected Aston Martin has today posted a bigger-than-expected first-quarter pretax loss as the British luxury carmaker made fewer cars and burned more cash than analysts anticipated, sending its shares 11% lower. Business • 01 May 24
Aston Martin's quarterly loss swells more than expected Aston Martin has today posted a bigger-than-expected first-quarter pretax loss as the British luxury carmaker made fewer cars and burned more cash than analysts anticipated, sending its shares 11% lower. Business • 01 May 24
Aston Martin to name Bentley's Adrian Hallmark as CEO British luxury carmaker Aston Martin is poised to name Bentley head Adrian Hallmark as its CEO, the Financial Times reported today, citing two people. Business • 22 Mar 24
Aston Martin to name Bentley's Adrian Hallmark as CEO British luxury carmaker Aston Martin is poised to name Bentley head Adrian Hallmark as its CEO, the Financial Times reported today, citing two people. Business • 22 Mar 24
Aston Martin losses narrow as prices hit record levels Aston Martin's annual losses more than halved in 2023, coming in smaller than market expectations, after selling prices reached record levels as the British luxury carmaker delivered its Valkyrie models and other special edition cars. Business • 28 Feb 24
Aston Martin losses narrow as prices hit record levels Aston Martin's annual losses more than halved in 2023, coming in smaller than market expectations, after selling prices reached record levels as the British luxury carmaker delivered its Valkyrie models and other special edition cars. Business • 28 Feb 24
Saudi fund now Aston Martin's 2nd biggest shareholder Saudi Arabia's sovereign wealth fund will become the second-largest shareholder of Aston Martin with a nearly 17% stake in a capital raise aimed at paying off debt and shoring up its business, the British luxury carmaker said today. Business • 15 Jul 22
Saudi fund now Aston Martin's 2nd biggest shareholder Saudi Arabia's sovereign wealth fund will become the second-largest shareholder of Aston Martin with a nearly 17% stake in a capital raise aimed at paying off debt and shoring up its business, the British luxury carmaker said today. Business • 15 Jul 22
Aston Martin sales surge but Valkyrie delays hit profit Aston Martin said sales to dealers in 2021 surged 82%, even as the British luxury automaker forecast lower-than-expected annual adjusted core earnings due to delays in shipments of its limited-edition Valkyrie sports car. Business • 07 Jan 22
Aston Martin sales surge but Valkyrie delays hit profit Aston Martin said sales to dealers in 2021 surged 82%, even as the British luxury automaker forecast lower-than-expected annual adjusted core earnings due to delays in shipments of its limited-edition Valkyrie sports car. Business • 07 Jan 22
Aston Martin finance boss to leave for personal reasons Aston Martin Chief Financial Officer Kenneth Gregor will step down due to personal reasons after about 18 months in the role, the luxury carmaker said today. Business • 02 Dec 21
Aston Martin finance boss to leave for personal reasons Aston Martin Chief Financial Officer Kenneth Gregor will step down due to personal reasons after about 18 months in the role, the luxury carmaker said today. Business • 02 Dec 21
Aston Martin's third-quarter sales rev higher Aston Martin said today it had sold 1,349 cars to dealers in its third quarter, up 104%, driven by demand for the luxury car maker's first sport utility vehicle, the DBX. Business • 04 Nov 21
Aston Martin's third-quarter sales rev higher Aston Martin said today it had sold 1,349 cars to dealers in its third quarter, up 104%, driven by demand for the luxury car maker's first sport utility vehicle, the DBX. Business • 04 Nov 21
Aston Martin shareholders clear another funding plan Aston Martin said today its shareholders had approved a plan to inject £125m in new capital as the luxury carmaker tries to turnaround its loss-making business. Business • 04 Dec 20
Aston Martin shareholders clear another funding plan Aston Martin said today its shareholders had approved a plan to inject £125m in new capital as the luxury carmaker tries to turnaround its loss-making business. Business • 04 Dec 20
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 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 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 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 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
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
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
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 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 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 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 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 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 biggest investor considers upping stake The biggest investor in Aston Martin is considering buying another 3% stake, offering to increase its holding after shares in the luxury carmaker crashed almost 50% since its listing nine months ago. Business • 01 Jul 19
Aston Martin's biggest investor considers upping stake The biggest investor in Aston Martin is considering buying another 3% stake, offering to increase its holding after shares in the luxury carmaker crashed almost 50% since its listing nine months ago. Business • 01 Jul 19
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 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
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
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 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 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 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
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
