Design guru Newey vows to turn Aston Martin into Formula 1 champions September 10, 2024 Former Red Bull designer Adrian Newey has vowed to deliver Aston Martin’s first ever Formula 1 world championship after confirming his move to the historic British marque. Newey, 65, has agreed to join the Silverstone-based outfit as managing technical partner on a long-term contract worth up to £30m a year which also includes equity in [...]
Adrian Newey, £30m deal at Aston Martin F1 and why he’s worth it September 9, 2024 With Aston Martin set to announce Adrian Newey’s arrival at the Formula 1 outfit, City A.M. asked paddock insiders whether he was worth his reported £30m package. When you think of glitz, glamour and extortionate amounts of cash in sport Formula 1 is never too far away. The travelling circus is a commercial juggernaut worth [...]
Aston Martin F1 set to sell large minority stake to US firm and Silicon Valley giant September 8, 2024 A deal to sell a large minority stake in Aston Martin could be announced soon in a move that could value the Formula 1 team at over £1.5bn. First reported by Mark Kleinman for Sky News, the deal is set to see Accel and HPS Investment Partners acquire between 20 and 25 per cent of [...]
Aston Martin loses over £200m ahead of production ramp-up July 24, 2024 A fall in demand for luxury models led to Aston Martin losing more than £200m during the first half of 2023, it has been revealed.
Aston Martin supplier Surface Transforms delays results again amid share price woes June 18, 2024 Surface Transforms said it anticipates full-year results will finally be published in late June 2024, having previously been expected in mid-April.
Aston Martin workers to get four per cent pay rise June 10, 2024 Aston Martin has announced plans to hike pay by 4 per cent for its workers, while also proposing a series of "employee wellbeing" perks.
Bentley names Porsche boss as new chairman and chief executive May 28, 2024 Luxury car maker Bentley has named a top executive at Porsche as its new chairman and chief executive.
Red Bull F1 guru Adrian Newey reveals plans for future, and says he’s been shut out May 16, 2024 Red Bull’s departing design guru Adrian Newey has revealed his plans for the future after admitting that he has been shut out of engineering meetings at the F1 team since his decision to leave the reigning champions. Newey, credited as being one of the most influential designers motor sport has ever seen, announced he’d be [...]
Aston Martin losses rise more than forecast ahead of production ramp-up May 1, 2024 Aston Martin first quarter losses rose ahead of expectations as the supercar maker prepped for a production ramp up later in the year.
Billionaires, showrooms and mega-deals: Inside London’s private jet scene April 30, 2024 From glitzy Mayfair showrooms to the City's secretive airports - Guy Taylor takes a closer look inside London's private jet scene