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Pin to quick picksAston Martin Lagonda Share News (AML)

Share Price Information for Aston Martin Lagonda (AML)

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Share Price: 136.60
Bid: 137.80
Ask: 138.40
Change: -2.30 (-1.66%)
Spread: 0.60 (0.435%)
Open: 140.70
High: 142.80
Low: 136.60
Prev. Close: 138.90
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Motor racing-Aston Martin F1 team boss wants aero rule revision

Fri, 16th Apr 2021 18:36

By Alan Baldwin

April 16 (Reuters) - Aggrieved Aston Martin boss Otmar Szafnauer wants to talk to Formula One's governing body about changing the aerodynamic rules with the season barely started.

The Mercedes-powered team argue that subtle regulation tweaks introduced this year have targeted low-rake cars, like Aston Martin and champions Mercedes, while favouring high-rake rivals like Red Bull.

High-rake cars ride higher at the rear while those like Mercedes are flatter to the ground, affecting the airflow underneath.

"I think the right thing to do is to have the discussions with the FIA and find out exactly what happened and why," Szafnauer told Sky Sports television.

"We as a team have to work hard to try to claw back everything we can but at the same time we should be having the discussions with the FIA to see if anything can be done to make it a bit more equitable."

Asked whether Aston Martin might ultimately consider legal action, Szafnauer added: "I think we get to that point after the discussion. It’s hard to predict. I think the right thing to do is see what can be done."

Aston Martin, competing as Racing Point, finished fourth overall in 2020 and started the year with high hopes of challenging for third.

Instead, they scored one point with Canadian Lance Stroll in last month's Bahrain opener while four times world champion Sebastian Vettel ended up 15th.

Red Bull boss Christian Horner, whose team dominated in Bahrain only for Max Verstappen to finish second behind Mercedes' seven times champion Lewis Hamilton, said he was "slightly surprised" by the complaint.

"There is a process for regulations to be introduced and they were voted through unanimously..." he said.

"It seems a little naive to think that suddenly the rules are just going to get changed after the sample of a single race after the process has been fully followed. I'm struggling to get my head around that."

The likelihood of any mid-season rule change can be effectively ruled out, with such an extraordinary measure permitted only on safety grounds and affecting all teams equally.

Horner, whose team were dominant from 2010-13 before the V6 turbo hybrid engine was introduced, said it was the 'nature of the game' for rule changes to shift the balance of power by outlawing some developments and favouring others.

"It's part of Formula One and the regulations evolve and change and you have to swing with those punches," he said. "That is Formula One." (Reporting by Alan Baldwin in London, editing by Ken Ferris)

More News
30 May 2023 09:20

IN BRIEF: Aston Martin chair and director sell 37.3 million shares

Aston Martin Lagonda Global Holdings PLC - Gaydon, England-based luxury car manufacturer - Says Executive Chair Lawrence Stroll sold 34.9 million shares at GBP3.35 per share via British Virgin Islands-incorporated Yew Tree Overseas Ltd for GBP117.0 million total on Thursday. Non-executive Director Michael de Picciotto meanwhile sold 2.3 million shares at the same price via Switzerland-incorporated Saint James Invest SA for GBP7.8 million total on Thursday. 37.3 million shares were sold in total.

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24 May 2023 03:30

Aston Martin's road car ties to Mercedes unchanged by Honda F1 deal

May 24 (Reuters) - Aston Martin's Formula One engine partnership with Honda from 2026 will not affect ties to Mercedes on the road car side, according to the team's CEO of performance technologies Martin Whitmarsh.

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24 May 2023 03:30

Motor racing-Honda to power Aston Martin's F1 title ambitions from 2026

May 24 (Reuters) - Honda will return to Formula One as a full-blown engine manufacturer powering Aston Martin's title ambitions when the sport enters a new era in 2026, the Japanese carmaker announced on Wednesday.

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19 May 2023 09:07

LONDON BROKER RATINGS: RBC raises St James's Place to 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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18 May 2023 17:18

UK equities rise on upbeat global mood; Burberry, BT Group lag

Burberry down after reporting U.S. sales drop

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18 May 2023 16:56

LONDON MARKET CLOSE: Stocks up and dollar boosted by hawkish Fed bets

(Alliance News) - London's FTSE 100 ended higher on Thursday, continuing a slightly up-and-down week, helped by a weaker pound, as a rally in the dollar on an unwinding of doveish Federal Reserve bets continuing.

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18 May 2023 13:05

UPDATE: Aston Martin jumps as Geely increases stake to 17%

(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Thursday said it has received a "substantial investment" from Chinese vehicle manufacturer Geely International Ltd.

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18 May 2023 12:33

LONDON MARKET MIDDAY: Stocks and dollar up on US debt ceiling optimism

(Alliance News) - Stock prices in London were higher at midday on Thursday as growing confidence about US debt ceiling negotiations helped to lift market mood, buttressed by some strong individual shares performances from the likes of Aston Martin and Genuit.

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18 May 2023 12:09

Aston Martin stock soars as China's Geely to become no.3 shareholder

Geely commits to investment of 234 mln pounds

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18 May 2023 10:23

TOP NEWS: Aston Martin soars as Geely bumps up stake to 17%

(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Thursday said it has received a "substantial investment" from Chinese vehicle manufacturing giant Geely International Ltd.

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18 May 2023 08:59

LONDON MARKET OPEN: BT shares fall as announces 55,000 jobs to be cut

(Alliance News) - European equities made headway at Thursday's open, though the FTSE 100 underperformed due to share price falls for BT and Burberry.

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18 May 2023 08:08

CORRECT: Royal Mail parent suffers loss; Burberry sees growth

(Correcting spelling of name of new De La Rue chair.)

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18 May 2023 07:55

LONDON BRIEFING: Royal Mail parent suffers loss; Burberry sees growth

(Alliance News) - Stocks in London were called higher on Thursday, as global markets switched to risk-on, following signs of progress on US debt negotiations.

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18 May 2023 07:51

China's Geely to invest £234m in Aston Martin

(Sharecast News) - Chinese auto group Geely has committed to invest £234m Aston Martin Lagonda to become its third-largest shareholder, sending shares in the UK in luxury car maker racing ahead on Thursday.

Read more
10 May 2023 15:45

UK shareholder meetings calendar - next 7 days

Thursday 11 May 
88 Energy LtdAGM
Cairn Homes PLCAGM
Capita PLCAGM
Clarkson PLCAGM
Costain Group PLCAGM
Eleco PLCAGM
Endeavour Mining PLCAGM
Eurocell PLCAGM
FBD Holdings PLCAGM
Funding Circle Holdings PLCAGM
Genedrive PLCGM re equity prepayment facility
Genel Energy PLCAGM
Gresham House PLCAGM
Gym Group PLCAGM
Hiscox LtdAGM
Irish Continental Group PLCAGM
John Wood Group PLCAGM
Kenmare Resources PLCAGM
MyHealthChecked PLCAGM
OSB Group PLCAGM
Poolbeg Pharma PLCAGM
Rolls-Royce Holdings PLCAGM
Serinus Energy PLCAGM
Spire Healthcare Group PLCAGM
Urban Logistics REIT PLCGM re amendments to management arrangements
Uniphar PLCAGM
Videndum PLCAGM
WAG Payment Solutions PLCAGM
Friday 12 May 
Balfour Beatty PLCAGM
Derwent London PLCAGM
Goodbody Health LtdAGM
GreenRoc Mining PLCAGM
Hutchmed (China) LtdAGM
Itim Group PLCAGM
Itsarm PLCGM re delisting from AIM
Wheaton Precious Metals CorpAGM
Monday 15 May 
GCP Asset Backed Income Fund LtdAGM
Tuesday 16 May 
accesso Technology Group PLCAGM
Chesnara PLCAGM
Dialight PLCAGM
Equals Group PLCAGM
Essentra PLCAGM
FDM Group Holdings PLCAGM
iEnergizer LtdGM re proposed cancellation of admission to trading on AIM
IQGeo Group PLCAGM
Kakuzi PLCAGM
PYX Resources LtdAGM
Synthomer PLCAGM
TI Fluid Systems PLCAGM
Vector Capital PLCAGM
Wednesday 17 May 
Alpha Group International PLCAGM
Aston Martin Lagonda Global Holdings PLCAGM
Baillie Gifford Shin Nippon PLCAGM
Cenkos Securities PLCGM re all-share merger between Cenkos and finnCap
Coats Group PLCAGM
Coca-Cola HBC AGAGM
Computacenter PLCAGM
Conduit Holdings LtdAGM
EKF Diagnostics Holdings PLCAGM
finnCap Group PLCGM re all-share merger between Cenkos and finnCap
Gamma Communications PLCAGM
Georgia Capital PLCAGM
Greggs PLCAGM
HgCapital Trust PLCAGM
Highcroft Investments PLCAGM
Impact Healthcare REIT PLCAGM
Just Eat Takeaway.com NVAGM
Keller Group PLCAGM
LMS Capital PLCAGM
Mpac Group PLCAGM
Savills PLCAGM
Tortilla Mexican Grill PLCAGM
TP ICAP Group PLCAGM
WPP PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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