Lotus owner Geely considers taking stake in Aston Martin January 10, 2020 Lotus and Volvo owner Geely is considering pumping some much-needed cash into Aston Martin. The Chinese firm is assessing whether to take a stake of the UK luxury carmaker, which is in need of fresh finances, according to the Financial Times. One source told the FT it may involved a technology partnership rather than full [...]
Aston Martin shares jump as billionaire Lawrence Stroll ‘prepares to make offer’ December 5, 2019 Aston Martin shares have been given a much-needed boost this morning, after reports surfaced that billionaire Lawrence Stroll is gearing up to buy a major stake in the struggling car maker. Stroll, the father of Formula 1 driver Lance and owner of the Racing Point F1 team, is said to be seeking to head a [...]
Aston Martin reveals move into SUV market with critical DBX model November 20, 2019 Aston Martin has lifted the bonnet on its long-awaited DBX sports utility vehicle (SUV), as the luxury car maker fights to get back on track after a massive devaluation in its market value after its 2018 stock market float. The car, valued at £158,000 at list prices, is the company’s first foray into the SUV [...]
Aston Martin shares climb as HSBC says investors should buy its stock November 11, 2019 Aston Martin’s share price climbed today after HSBC advised investors to buy the troubled luxury car maker’s stock despite its latest loss. The manufacturers of James Bond’s favourite ride swung to a £13.5m loss in its latest quarter as Brexit fears dampened demand in the UK and EMEA. Read more: Aston Martin is hoping next [...]
Aston Martin is hoping next year’s James Bond movie will boost sales November 7, 2019 The chief executive of ailing luxury car manufacturer Aston Martin hopes next year’s James Bond movie will give the firm a financial boost. Shortly after announcing the company had fallen to a £13.5m loss in the third quarter of the year, Andy Palmer said the series usually gives Aston Martin a lift in China, a [...]
Aston Martin swings to £13.5m loss as it blames ‘soft’ UK demand November 7, 2019 Aston Martin sank to a loss in its third quarter as demand for its luxury cars dried up, it revealed today, but shares still rose 10 per cent as it looked ahead to sales-boosting new models. The figures James Bond’s favourite car maker found little love from other buyers as it swung to a loss [...]
Aston Martin faces calls for board shake-up October 6, 2019 A year on from its disastrous stock market float, luxury car giant Aston Martin is facing calls to bring in new directors on its board. The British marquee brand has suffered a drop in shares of nearly 75 per cent since it floated in October this year. It has stalled in the face of mounting [...]
Aston Martin: The float that left the City shaken, not stirred October 2, 2019 Over the years, Aston Martin observers have watched the firm’s most famous client, James Bond, career into the river Tiber, skid across the polar ice caps and hurtle off an alpine road in its cars. Each time, ludicrously, he emerges alive. So when chief executive Andy Palmer told investors: “We don’t make cars, we make [...]
Red flag warning as Aston Martin raises $150m from bond issue September 25, 2019 James Bond favourite Aston Martin has successfully raised $150m (£120m) from a bond issue as it seeks to improve liquidity in an uncertain trading environment. Read more: Short sellers target Aston Martin’s debt pile The luxury carmaker’s $150m raise involved 12 per cent notes due in 2022. But shares sank as investors quailed at the [...]
Aston Martin in hedge funds’ cross hairs as short sellers target its debt August 13, 2019 Hedge funds have taken record short positions in Aston Martin’s debt and equity, betting that the firm’s recent stock market struggles are far from over. The car maker has suffered a 73 per cent decline in shares since its October float. The decline has slashed more than £3bn from its market value. As a result, [...]