Aston martin

Aston Martin, which was reported this week to be the target of Canadian billionaire Lawrence Stroll, said it was not actively pursuing new investors on Friday as it opened a new factory to build its first sport utility vehicle. As some in the global car industry turn to partnerships, alliances or mergers to handle the challenge of electrification, new technology and tighter margins, Autocar magazine reported on Thursday that Stroll, the owner of Formula One team Racing Point, is preparing to buy a major stake in Aston. "You know what we would have to do if there was an official approach. Beyond that, I can't comment," Aston's chief executive Andy Palmer told Reuters at the factory opening, referring to rules governing publicly-listed companies. "We're certainly not actively soliciting any other participation. That's not to say it doesn't come," he said when asked whether Aston needed a new investor. The British automaker's new factory in south Wales holds the key to ending a poor … [Read more...] about Aston Martin Not Actively Pursuing New Investors As Opens SUV Plant

Aston Martin's two major shareholders are in it for the long term and the company is not actively soliciting participation, the firm's boss said on Friday after a media report said Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake. "They look to the long term," Andy Palmer said of the company's biggest owners. "We're certainly not actively soliciting any other participation. That's not to say it doesn't come," he said. Asked about Thursday's report in Autocar magazine, Palmer said: "You know what we would have to do if there was an official approach. Beyond that, I can't comment," he said. 0 CommentsPublicly-listed companies are subject to specific disclosure rules. (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) For the latest auto news and reviews, follow CarandBike on Twitter, Facebook, and subscribe to our YouTube channel. … [Read more...] about Aston Martin CEO Says Shareholders In It For The Long-Term, Not Soliciting Participation

Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin , Autocar magazine reported, sending the luxury sports car maker's battered shares up 17 per cent on Thursday. Aston Martin, the drive of choice for fictional British secret agent James Bond, has seen its shares slump since its flotation in October 2018 as sales have failed to meet expectations. Stroll, who is the father of Formula One driver Lance Stroll, is heading up a consortium looking to take a "major shareholding" in the British company, Autocar and the racefans.net website reported on Thursday. Racefans.net said Racing Point could be rebranded as Aston Martin if Stroll succeeded in taking a controlling stake. Aston Martin declined to comment and Racing Point said Stroll was unavailable for comment. The carmaker's shares were up nearly 17% at 5.88 pounds ($7.54) at 1414 GMT, valuing the business at about 1.3 billion pounds, but still far … [Read more...] about Billionaire Lawrence Stroll Seeks Big Stake In Aston Martin – Report

Aston Martin Lagonda and Airbus Corporate Helicopters revealed a new partnership that will bring the worlds of automotive and aeronautical design. For the past 12 months designers from both brands have worked together on the aesthetic styling of the first product from this collaboration, which is set to be revealed early in Q1 2020. Marek Reichman, Aston Martin Lagonda Vice President and Chief Creative Officer, said: "Applying our own automotive design principles in the aerospace world is a fascinating challenge and one that we are very much enjoying. I'm looking forward to the reveal in the New Year so we can show everyone what we have accomplished together." 0 CommentsAirbus Corporate Helicopters is the global market leader in the private and business aviation (PBA) sector with more than 1,800 aircraft fielded in 130 countries and a market share in excess of 50%. For the latest auto news and reviews, follow CarandBike on Twitter, Facebook, and subscribe to our … [Read more...] about Aston Martin And Airbus Announce Design Partnership

Production of the crossover will begin in the second quarter of 2020. Aston Martin's new factory in St. Athan, Wales, is finally done, which clears the way for the DBX crossover to begin production. Company CEO Andy Palmer and the First Minister of Wales officially opened the facility on December 6. Gallery: Aston Martin Opens New Factory To Build DBX SUV 11 Photos DBX production will begin in the second quarter of 2020, and the site will initially employ 600 workers. At full capacity, 750 employees will be at the factory. The Latest DBX News: Aston Martin DBX AMR With V12 Engine Could Happen 2021 Aston Martin DBX Configurator Is Up, Here's Our Posh SUV Build "St Athan is a critical step in delivering our new car, DBX, which will be built in the new facility. The opening of St Athan is a hugely important milestone in the company’s growth plan and integral to our ambitions as a global luxury brand with a presence in all major sectors of the … [Read more...] about Aston Martin Opens New Factory To Build DBX SUV