For the six months, group recorded an adjusted operating loss of £121.5 million, a 22% increase from the £99.8 million loss last year LONDON: Aston Martin Lagonda Global Holdings plc reported a widening of interim losses, as anticipated, driven by reduced deliveries of high-value special edition vehicles and operational disruption stemming from the implementation…
LONDON: U.K. vehicle production fell sharply for a fifth consecutive month in May, reaching its lowest level since 1949 outside of the COVID-19 pandemic, as trade pressures and factory changes continued to disrupt the industry, new data showed Friday. The Society of Motor Manufacturers and Traders reported that production of new cars and commercial…
LONDON: The Board of Aston Martin today announced the appointment of ultra-luxury automotive leader Adrian Hallmark, who will join Aston Martin as an Executive Director of the Company and its Chief Executive Officer no later than 1 October 2024. Hallmark, aged 61, will join Aston Martin from his recent position as Chairman and Chief…
LONDON, UK: Aston Martin Lagonda Global Holdings and Mercedes-Benz AG have announced that they have agreed to amend their Strategic Co-operation Agreement (“SCA”), which was signed in October 2020. The SCA gave Aston Martin access to a range of Mercedes’ technology, in exchange for issuing shares to the German carmaker. The amendment will replace…
LONDON, UK: Aston Martin Lagonda Global Holdings plc, the British luxury carmaker, has announced a significant investment from Geely Holding, China’s leading independent automotive group, as part of a new partnership that aims to support Aston Martin’s growth and vision to be the world’s most desirable ultra-luxury British performance brand. Geely has committed approximately…
Aston Martin has announced that it will debut the next-generation DB on May 24. The new car is expected to be a significant departure from the current DB11, with a more aggressive design and a more powerful engine. The teaser images released by Aston Martin show a car with a more angular design than…
LONDON, UK: The Board of Aston Martin Lagonda Global Holdings announced that by mutual agreement Tobias Moers will stand down from his role as Chief Executive Officer. The Board announces the appointment of Amedeo Felisa as Chief Executive Officer. A former CEO of Ferrari, he is one of the most highly regarded leaders and…
LONDON: Cambria Automobiles has announced the acquisition of one Aston Martin franchise and one Rolls-Royce Motor Cars franchise in Edinburgh from the administrator of Leven Cars Group Limited. The total cash consideration, which includes one freehold and one leasehold property along with certain fixed assets, is £1.6 million and this will be funded from…