Aston Martin’s profits drop as supply chain disruption scuppers deliveries Aston Martin Luxury sports car seller Aston Martin today said its losses had more than doubled due to the impact of supply chain disruption in the first half of 2022. Aston Martin said its sales volumes dropped eight per cent from 2,901 in the first half of 2021 to 2,676 in the first half of 2022. The [...]
UK supercar ownership hits record high due to crypto boom: ‘You only live once’ culture drives Lamborghinis sales Supercars on UK roads Supercar ownership in the UK has jumped by nearly a fifth, from 15,229 vehicles in 2020 to a record 18,186 in 2021, according to new research shared with City A.M. this morning. Many wealthy individuals have adopted a ‘you only live once’ mindset and have been more keen to spend on luxury items like supercars, [...]
Supercar Special: 15,230 vehicles worth £770k+ each now on UK roads with Ferrari beating McLaren, Lamborghini and Bugatti City A.M. car exclusive There are now 15,230 so-called supercars on UK roads, with Ferrari topping the list, beating its main rivals McLaren and Lamborghini. Supercars are defined as high performance, road legal cars. Easily recognisable supercar brands such as Ferrari, McLaren and Lamborghini are best known for their speed and cost. The average price tag for a supercar [...]
Flying cars that take off vertically will be in UK streets within ten years, says Hyundai’s UK chief June 29, 2021 UK streets should brace themselves for flying cars as a senior automotive chief claims they will be deployed within the next ten years. Michael Cole, the president and chief executive of South Korean car maker Hyundai’s UK and European operations, said the technology will cut congestion and emissions. Speaking at a conference organised by the [...]
Rolls-Royce newest convertible is picnic ready May 27, 2021 Rolls-Royce have released details of a new convertible which contains cocktail tables, fridges for champagne and a matching parasol – all custom made for a single, ultra-wealthy, individual. Named the ‘Boat Tail’, the rear of the car is shaped like a racing yacht. It was hand-built and took four years to make. Rolls-Royce have not [...]
McLaren sells minority stake in F1 team to MSP Sports Capital December 13, 2020 McLaren has sold a 33 per cent stake in its F1 team to US-based MSP Sports Capital as part of attempts to raise extra cash amid the coronavirus pandemic. The sports investment group will pay £185m for its share of McLaren Racing, valuing the team at £560m. It comes just days after the supercar maker [...]
Square Mile gears up for luxury summer car show June 2, 2019 Thousands of City motorheads are gearing up for a luxury car show in the Square Mile later this week. FTSE bosses, top investors and even a mystery rockstar are on the guest list for this year’s London Concours event, where over a hundred iconic cars worth in excess of £70m will be on display. Read [...]
Aston Martin remains in short sellers’ sights despite Soros cash-out, as stock continues to fall December 16, 2018 Aston Martin's struggling stock continues to be targeted by short sellers, with London-based Adelphi Capital raising its bet against the carmaker to £15m last week. The manufacturer behind James Bond’s vehicle of choice would have wished to slip under the radar of hedge funds after its shares crashed from an initial £19 in October to £11.49 [...]
Will Aston Martin vanquish the doubters? September 21, 2018 | City Talk The auto sector has had a tough time of it recently with concerns over the implementation of tariffs on their products, as well as the bad publicity around emissions cheating and investigations into other cartel like behaviour weighing on the sector in recent months. Putting aside those concerns there are certain brands that have [...]
Race to the top: Ferrari revs up hybrid and limited edition strategy in bid to double profits September 18, 2018 Ferrari plans to ramp up its production of hybrid and limited edition supercars in a move to double the firm’s earnings by 2022. As part of a revamp to raise its earnings to €2bn (£1.78bn) over the next four years, the Italian luxury car maker is widening its product range and embracing hybrid technology. The ambitious [...]