George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
well done lawrence, such a pro! we love you....
just think how much all of this is costing. no wonder aml burn through hundreds of millions every year.
profits warning to come, sales targets missed, and cash raise following on swiftly.
https://www.pistonheads.com/gassing/topic.asp?h=0&f=70&t=2031693&i=600
i think the aggressive schedule of launch on the db12 has not been helping things combined with other factors really.
1) launch press cars were not finished to an even higher degree than some road testers truly knew. it is semi pointless drawing too much insight from the traction control side of things on them (and therefore mode changes) because those cars were running modified db11 software to simply have something on them
2) sales teams were left floundering without demos of any description for ages post those reviews, because there was no cars in a finished enough state to send to dealers (and even then most at dealers that are on the private plates) are actually pre production cars still owned by ***don not the dealers.
3) number 2 was impacted because of the new star network, many new modules on the network and some incomptent outsourced software suppliers and also regarding tc systems an initial blame game between bosch and mb.
4) certain incidents on the production line or during testing, usually as a result of contractors from what i have heard sadly (think stupid stuff like blocking drain holes, coolant lines not being secured upto and including a few customer cars being crashed in and outside the factory)
5) am's decision to focus on federal vehicles initially over other regions
prices on dbx will fall further once the mcf is out, but in my honest opinion a used one might represent a good deal for some.
In the Q3 results, vehicle wholesales were down in 3 of the 4 regions in Q3 2023 vs. Q2 2023.
DBX wholesales were down 7% in Q3 2023
Why would you think sales are improving when those figures are in black and white in the most recent results?
I doubt Stroll is much interested in saving AML,. he just needed to ride this ticket long enough to give his son a free meal at the F1 team.
Are we selling more cars becuase of F1? How much are we paying for the privelidge?
Almost 3 years in and no more cars sold than before, actually fewer.
What would anyone do in Stroll's position, look after yourself, or shareholders?
He has drowned holders in dilution, and lied to us all the way (fully funded etc) so that's an obvious answer.
Don't assume if Stroll sells and makes a profit that YOU will too. Geely could take it private after a massive cash raise to eradicate debt. That's what I would do if I was Geely. let shareholders take the hit, then walk away with a private company under your belt.
None of that matters.
No customer will have a DB12 delivered any time soon, because of problems in infotainment.
Sales targets will not be met, and thats a profit warning in Q4 results.
Only so many DBX US dealers can be loaded with. The more you load them now to hit numbers, the bigger the problem gets.
The exact same problem Moers had to fix when he arrived, getting rid of stock.
Nothing has changed, only the owner, still clueless how to make this a profitable company.
No mention of DB12 in any sales figures in November.
Nailed on profit warning for 2023, as AML ahve very little chance of hitting the (recently lowered) targets.
Not a lot to look forward to: Profit warning, court case, cash raise....
F1?
Nothing in F1 changes the fact AML have a lawsuit against them for mid engined cars which could cost £150m.
Nothing changes the fact that Stroll has been so bad as chairman that investors have ploughed in nearly £2bn, under his tenure.
Ntohing changes the fact AML are crippled with expensive debt and stagnating sales.
Nothing changes the fact AML need to find £2bn over 5 years to make some electric cars.
Haha, 14 more car sales in Japan.
China sales have cratered! UK sales down 47%. US sales down too.
You cherry pick the one country where sales have improved by FOURTEEN cars and expect us to swallow it?
The intelligence of so called investors is astounding.
The YearToDate figures are down 10%.
So for 11 months out of 12, AML are selling 10% fewer cars than last year at this point.
Make any excuse you want, Stroll is failing all shareholders.
Vorlich, are you ignoring requests to see your maths for how AML will make enough profit to pay off their debt?
Not only pay off their debt interest, but their debt. £1.2 billion of it.
Then show how they will raise £2bn over the next 5 years for electrification, when not making a profit?
Or are you another dumb investor who just likes looking at nice cars you can't afford?
Vorlich, show us the maths for the future you suggest....
Os is it just another opinion based on faith/hope?
You sound just like AML007, he has no clue either, was going to give up on Stroll at £15, but still a fanboy at £2.
Hahaha, all planned and accounted for?
You fanboys are mental. Are you Stroll in disguise? ;)
AMl have been saying 'cash flow positive next year' every year for almost a centuary. And still you believe it this year.
Massive fund raise coming, I am hearing rumours now...