The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAston Martin Lagonda Share News (AML)

Share Price Information for Aston Martin Lagonda (AML)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 135.00
Bid: 133.60
Ask: 133.90
Change: -0.90 (-0.66%)
Spread: 0.30 (0.225%)
Open: 133.30
High: 136.00
Low: 131.10
Prev. Close: 135.90
AML Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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

Wed, 24th May 2023 03:30

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.

The new 'works' partnership will transform Silverstone-based Aston Martin into Honda's sole focus on the starting grid from their current position as one of four teams with Mercedes engines.

"It is very, very difficult to win consistently championships without a full works relationship, which is why we've made this decision," Aston Martin's Group CEO of performance technologies Martin Whitmarsh told reporters.

Honda Racing Corporation (HRC) president Koji Watanabe confirmed the manufacturer had no plans to supply power units to other teams.

Honda officially withdrew from Formula One in 2021 but has continued to provide engines to reigning world champions Red Bull, who have already announced a deal with Ford from 2026, under a technical support arrangement.

CEO Toshihiro Mibe said the 2026 regulations and Formula One's push for sustainability were in line with Honda's carbon neutrality goals.

"The key for winning will be a compact, lightweight, and high-power electric motor with a high-performance battery capable of handling high and swift power output, as well as the energy management technology," he said.

"We believe that the technologies and know-how gained from this new challenge can potentially be applied directly to our future mass production electric vehicles, such as an electric flagship sports model, and electrification technologies in various areas."

Formula One's 2026 power unit will use 100% sustainable fuels and have a much greater electrical component, with the sport aiming to be carbon neutral by 2030.

Silverstone-based Aston Martin are owned by Canadian billionaire Lawrence Stroll and are second in the championship after five of 22 races, with Spaniard Fernando Alonso taking four third places.

Stroll has invested heavily, building a new factory and wind tunnel and recruiting top staff from rival teams while also attracting significant title sponsorship from Cognizant and Saudi Aramco.

"Aston Martin Aramco Cognizant is building a team to win in Formula One," said former McLaren principal Whitmarsh, who was instrumental in bringing Honda back to that team in 2015 but left before the ill-fated partnership started.

"This is an extremely exciting and important further step for the team.

"It's clear to us and to Honda that the 2026 Formula One regulations will require the full integration of chassis and PU (power unit) that only a full works team relationship delivers.

"So to have this partnership puts us in a position to compete for championships."

Renault-owned Alpine, Audi, Ferrari, Mercedes-AMG High Performance Powertrains and Red Bull Ford will be the other engine manufacturers from 2026.

The break from Mercedes will mean Aston Martin having to build their own gearboxes and rear suspension but Whitmarsh said that was all part of 'growing up' as a team and becoming truly independent.

"You set out to win in Formula One and that means beating existing partners and in order to do that we've got to be independent," he said.

"We're building great facilities and progressively pulling away from our dependence on Mercedes-Benz."

Whitmarsh said the team would continue to compete as Aston Martin after 2026. (Reporting by Alan Baldwin in London, editing by Toby Davis)

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.

Read more
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.

Read more
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:

Read more
18 May 2023 17:18

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

Burberry down after reporting U.S. sales drop

*

Read more
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.

Read more
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.

Read more
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.

Read more
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

*

Read more
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.

Read more
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.

Read more
18 May 2023 08:08

CORRECT: Royal Mail parent suffers loss; Burberry sees growth

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

Read more
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.

Read more
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. 

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.