AstonMartin

Aston Martin Moves to Bolster Finances with $125 Million Share Sale Linked to F1 Stake

3 days ago

Aston Martin, the renowned British luxury sports car manufacturer, is taking a significant step to strengthen its financial footing by raising $125 million through a strategic share sale. This move comes as the company looks to navigate its financial challenges and bolster investment in its racing operations, particularly in Formula 1 (F1), where it has been attempting to carve out a competitive presence.

Aston Martin Announces Job Cuts as New CEO Implements Strategic Turnaround

1 month ago

Aston Martin Lagonda, the iconic British luxury sports car manufacturer, has announced a significant restructuring plan that will result in the loss of approximately 170 jobs. This decision comes as part of a broader strategy led by the company’s newly appointed CEO, who is determined to steer Aston Martin back on the path to profitability.

Aston Martin's CEO Implements Cost-Cutting Strategies to Revive the Luxury Automaker

1 month ago

In a bold move aimed at revitalizing the struggling luxury car manufacturer, Aston Martin's CEO has announced a series of cost-cutting measures designed to steer the company back to profitability. This comes in light of the financial difficulties faced by the brand, which has struggled to maintain its foothold in an increasingly competitive automotive market.

Aston Martin Faces Financial Struggles, Plans to Raise Additional Capital Following Profit Warning

4 months ago

Aston Martin Lagonda Global Holdings, the luxury British automotive brand known for its high-performance sports cars, has issued another profit warning, prompting the need for further capital raising. The company, which has faced a series of financial difficulties this year, announced its intention to bolster its financial health through the issuance of new equity in an effort to secure approximately £200 million (about $248 million) in cash.

Supply Chain Snags and Weak China Demand Impact Aston Martin’s Forecast

6 months ago

Aston Martin Lagonda Global Holdings Plc cut its outlook as the carmaker contends with extended supply-chain disruption and flagging demand in China. The luxury carmaker said supply-chain issues continue to significantly hurt production rates, driving delays that have also contributed to a reduction in the projected sales for the year. The company now faces industrial pains that have become a frequent migraine across the global automotive industry.