Rosberg warns Aston Martin F1 team not to become PSG October 10, 2024 Former F1 champion Nico Rosberg has warned Aston Martin not to turn into Paris Saint-Germain in their pursuit of racing success. The German likened the hiring of design guru Adrian Newey, reportedly for £30m per season, and others to the Parisian Ligue 1 club having Lionel Messi, Neymar and Kylian Mbappe on their books at [...]
Will Aston Martin ever make it out of the slow lane? September 30, 2024 Aston Martin on Monday issued a profit warning, downgrading guidance for the year ahead and slashing its car production target by around 1,000.
Aston Martin shares crater as supply chain disruption scuppers production ramp up September 30, 2024 Aston Martin had put its hopes on a production ramp up in the second half after losses widened in the firm's half-year results in July.
Aston Martin door open for Max Verstappen move September 12, 2024 The door is open for Max Verstappen to join Aston Martin, according to team principal Mike Krack, after the Formula 1 team signed Adrian Newey from Red Bull. The design guru turned down opportunities at Mercedes, Ferrari and McLaren to join Lawrence Stroll, Lance Stroll and Fernando Alonso at their Silverstone base. But the Formula [...]
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.