Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Hi Frank, according to AML Calendar it’s Thursday 4th November.
Agree ... don't know what is going on here the last few days, but feel it's a good opportunity. But all to there own ... only another 3 weeks and we will have Q3 data. GLA
I disagreed Natvest, this is a big race in Germany and that’s why AML decided to back it with a works car. Below is Aston Martin’s statement from Autosport 4 days ago.
I agree with you that it does not have the same impact as F1 but it is positive news and should be celebrated.
Regarding your questioning of my post’s, well C2645 also questioned my positive posts a few weeks ago as I highlighted new Management that had come on board and cost savings achieved over the past year by Tobias and his team. I think it’s right to question posts and data source but I think personal attacks detract from the idea of this board.
I enjoy some of your humour and we all need that sometimes, so keep it up… and by all means watch my post’s don’t switch in to negative territory…. I don’t want to damage my holdings.
Have a good evening
The statement from Aston Martin announcing the entry added that "interest in the Vantage GT3 as a potential NLS contender continues to swell both with existing partners and new potential customers".
https://www.autosport.com/gt/news/aston-martin-to-make-full-factory-gt3-entry-in-nls/6672202/
WINNERS! Aston Martin Racing win outright at the Nürburgring Nordschleife with the Vantage GT3
https://mobile.twitter.com/amr_official?lang=en
Great result for AMR, should help boost Vantage sales and further push the brand in Germany.
Hi Natvest, thank you. No other name or need all I have posted on here is info... You say you are retired, was it the Stasi you worked for in the past ;O)
I am an Aston Martin fan and shareholder so like to keep right up to date and find this a source of info.... although the recent trend of social media attacks is disappointing. Anyway I will bid you good day as that's enough said.
Hi Natvest, I don't see your problem, I saw Tony's post a few days ago and thought it funny and understood where he was coming from. Yes I also noticed the post had been removed but nothing to do with me.
Well put Richard.
As you and Tobias and others stated it’s great to see the Valkyrie Roadster / Spider model sold out almost immediately following on from the Valkyrie coupe.
2021 Valkyrie 2022 Valkyrie Spider 2023 Valhalla
Also further developments across the current range to look forward to and not forgetting some great management and board appointments over the past year.
Thanks Richard and Tony for your measured response to the provoking nonsense written.
Let’s hope we see it in 2022 and don’t have to wait till 2023.
https://www.autocar.co.uk/car-news/new-cars/2023-aston-martin-dbx-s-super-suv-could-get-v12-power
Sehr gut Herr Pupper ; -)
Some more figures from Germany:
August 2021 Sales -
DB11 - 14
DBX - 8
Vantage - 21
Total August 43
Jan to Aug 2021 - 274. Jan to Aug 2020 - 175
Thanks for the stats Richard, Vantage and DBX F1 publicity must also be helping. Look forward to Q3 data and see how US and Asia reacts.
Cracking Vantage video clip.
https://www.motor1.com/news/529973/aston-martin-james-bond-campaign/
Planning for Profitability
That plan involves an expanded product portfolio with at least two incoming mid-engine sports cars—the Valhalla supercar and Vanquish sports car. (These stand apart from Aston’s traditional, front-engined sports cars, such as the DBS, DB11, and Vantage.) There’s also an EV lineup, developed through its partnership with Mercedes, and a multimillion-dollar investment to upgrade the infotainment systems for each of the new models.
Earlier this summer the company unveiled the Moers-ordered revamped production version of its 950-horsepower Valhalla. The plug-in hybrid supercar will go into production in 2023. The price is expected to exceed $700,000.
There will also be more-powerful new engine variants for the most essential part of Aston Martin’s portfolio, the DBX. By the first quarter of 2022, Moers says, Aston Martin will debut DBX engine variants, including a hybrid and a high-performance version that would theoretically compete against the best-selling Lamborghini Urus.
He even insists the Valkyrie will start deliveries by the end of 2021—after two years of delays. “It’s always a journey to change a culture,” Moers says. “We are more open-minded. We have to be a bit more competitive, but we have a chance.”
THE END
Here you go mate ;o)
Gaining Momentum
Things at Aston Martin started to improve when Canadian fashion billionaire Lawrence Stroll purchased a 16.7% stake in the company last year. In August 2020, Stroll hired former Mercedes-AMG boss and two-decade Daimler veteran Moers as his top deputy; he in turn convinced some of his best lieutenants from AMG to join him. A 2013 technology-sharing agreement with 5% shareholder Mercedes-Benz got supercharged to 20% when Stroll bought in.
On March 3, Stroll told Bloomberg TV that the brand’s sports cars were sold out until September and order intake for the new DBX is ahead of expectations. Coronavirus helped too, Moers said. “It helped us stay focused. We didn’t have any distractions. We just stayed 14 hours a day, 14 hours a day. It’s a different perspective on a pandemic, I know, and it sounds strange, but it is the truth.”
Not There Yet
Analysts noticed. In January, Citigroup’s head of European automotive research upgraded Aston Martin to Buy from Neutral. By July, Goldman Sachs number crunchers were telling buyers that Aston Martin was “seeing the payback from hard work last year.” A July 28 market report from Deutsche Bank saw “Aston Martin ticking the boxes on what’s needed to build a track record and taking it one step at a time to deliver on the full-year targets.”
In August, Gillian Davis, an automotive analyst for Bloomberg Intelligence, also found Aston Martin on the right track to eventually compete financially with the likes of Ferrari SpA and Porsche. “Only a few brands are capable of selling high-margin $1 million-plus-priced limited-edition supercars, and that club includes Aston Martin,” she wrote.
Michael Dean, the senior European automotive analyst at Bloomberg Intelligence, was more reticent to offer a glowing endorsement, criticizing the less-than-revolutionary technology in the DBX and noting that the company needs to provide more detail and milestones on how it’s going to achieve its new financial targets. But, he said, the addition of Moers and his team is like “night and day” compared to previous management.
“They certainly aren’t out of the woods, and running down inventory and shifting to a demand-driven model was painful,” he said in an email. “They need a total revamp of the sports car range, which will take another couple of years. And in the meantime [that] makes them even more reliant on DBX and limited-edition models.”
Aston’s free cash flow is expected to stay negative in 2021 despite turning positive in the first quarter. But if the company follows its plan, it will be free-cash-flow positive by 2023, Dean said.
Aston Martin Is Delivering Something Rare These Days: Good News
The company is on track to beat sales records for the year, and there is a plan to reach profitability.
A triple-digit sales increase this year hasn’t managed to bail it out of multimillion-dollar profit losses, but for the first time in a long time, Aston Martin might be on the upswing.
On Aug. 24 financial regulators announced they’d found no wrongdoing after allegations of insider trading between Aston Martin Lagonda and Daimler AG. The investigation by Germany’s Federal Ministry of Finance (known as BaFin) had examined the purchase of a stake in Aston Martin by Mercedes-Benz’s Formula One boss, which was suspicious because of the relationship between the two brands. Daimler, the parent company of Mercedes, owns a minority stake in Aston Martin.
It was another recent victory for the storied British automaker, after a long list of fails and flails. The company has a long tradition of habitual mismanagement over its 108-year history, which led to seven bankruptcies,the last of which was in 1974, and a close call as recently as 2014. Just a few years ago its product portfolio alternated between boring and garish (the Aston Martin DB11 Volante circa 2018, for one). And who can forget the abysmal IPO, when shares fell 6.5% on the day of their debut and plummeted 75% soon after?
The company’s association with James Bond only goes so far—it sells fewer than 5,000 vehicles globally each year, a tiny fraction of the many hundreds of thousands sold by Mercedes-Benz and Porsche AG. In 2020, Aston Martin sold 4,150 vehicles worldwide, down 32% from 2019.
But this year is already stronger. In July the company announced a 224% sales increase for the first half of 2021. The company sold 2,901 vehicles worldwide in the first half of 2021, more than half of them the $189,000 DBX SUV. Aston Martin says it’s on pace to sell 6,000 vehicles by the end of 2021.
“It’s a complicated journey,” CEO Tobias Moers said during an interview Aug. 14 in Carmel, Calif. “But it was really a vicious year.”
Since taking the helm in August 2020, the taciturn German has tabled the planned-for rejuvenation of the house of Lagonda; closed the paint shop in Gaydon, England, in favor of carting cars back and forth to Wales; managed a deeply slashed workforce; scuttled plans for a V6 engine for the Valhalla and Vanquish; and switched planned production of the $3 million Valkyrie hypercar from a big bespoke space back to the main factory.
“It was very reasonable to do,” he said in the curt way that gives Germans who grew up in the Black Forest the reputation for being tough. Workers “who see a Vantage and a Valkyrie beside them—it gives them more energy.” And it may be the bitter tonic the pride of Warwickshire needs.
Sorry Carpy, just seen your message. Yes as Nelladrachir says go via Google and you should get it that way… it’s a good read. All the best.
Thanks Nelladrahcir
Positive business comments and good share publicity.
https://www.bloomberg.com/news/articles/2021-08-30/aston-martin-is-delivering-something-rare-these-days-good-news
Can't be long before we see another major positive increase in share price.
https://www.autoevolution.com/news/2022-aston-martin-dbx-hybrid-spied-for-the-first-time-it-s-on-the-nurburgring-168123.html
https://www.motor1.com/news/529161/aston-martin-dbx-hybrid-spied/
Close to launch…. before the end of the year.
https://www.autocar.co.uk/car-news/new-cars/new-2023-aston-martin-vantage-v12-rs-makes-shock-outing
Along with substantial face lift, I bet it sounds amazing.