Category: Aston
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Aston Martin’s new chief vows to reverse fortunes as luxury carmaker targets 2025 profit
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Aston Martin Lagunda pledged to transfer a profit by 2025 – at least before paying interest on her enlarged debt – with Adrian Halmark, her new CEO, and promised a new era of operational discipline and financial accountability after a period of losses and leadership. Halmark, 62, who joined the…
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Aston Martin delays electric ambitions under new CEO Adrian Hallmark
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Aston Martin Lagunda is scheduled to prepare for its long plans for a full group, as the new CEO of Adrian Halmark is preparing to announce a revised strategy in the annual results of the British auto industry on Wednesday. Halmark, who joined the last fall after the leadership of…
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Coinbase Emerges Crypto Sponsor Of Aston Martin Aramco F1 Team
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Coinbase revealed a partnership with the Formula One Martin Aramco team, adding to the Crypto Excination brand’s brand expansion list that aims to enhance encryption dependence. Coinbase is topped with F1 USDC care in Blog post On February 14, Coinbase announced the latest strategic deal with Aston Martin Aramco, which…
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Aston Martin poised for £1bn Verstappen coup in F1 power play
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Aston Martin appears to be planning a record £1bn deal to lure Max Verstappen away from Red Bull, signaling an unusual shift in Formula 1’s financial landscape. Several industry insiders suggest that Jefferson Slack, Aston Martin’s managing director (commercial and marketing), has been hinting to potential sponsors that the four-time…
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Aston Martin issues profit warning and announces £210m fundraising
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Aston Martin Lagonda, the UK’s only listed carmaker, has issued a second profit warning in as many months and announced a £210m fundraising effort. The company’s shares hit a two-year low, falling 5.5% to 102p in early trading on Wednesday. The Midlands-based luxury car manufacturer revealed late on Tuesday that…
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Aston Martin bleeding £1m a day as supply chain issues and china demand slump hit targets
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Aston Martin Lagonda, the only British carmaker listed on the London Stock Exchange, is facing major financial setbacks, failing to meet all 2024 targets such as production cuts, supply chain issues, and a sharp decline in performance due to the impact of Chinese demand. The luxury carmaker, led by new…
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Aston Martin drops 28% after profit warning on supply chain, China woes By Reuters
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Written by Yadarissa Shabong (Reuters) – Aston Martin warned of falling annual profits and cut its production forecast on Monday due to supply chain challenges and persistent weakness in China, sending shares down as much as 28% and raising questions about its future ambitions. The British luxury carmaker joined other…
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F1 design legend Adrian Newey joins Aston Martin in bid for world championship
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Adrian Newey, widely regarded as the greatest designer in Formula 1 history, has joined Aston Martin as Managing Technical Partner, with the aim of leading the team to the World Championship. The announcement was made at the team’s Formula 1 base at Silverstone, where Newey also became a shareholder in…
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Bentley boss takes charge to steer Aston Martin through electric revolution
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Choosing between two of the world’s leading supercar brands might seem like an enviable dilemma, but for Adrian Hallmark, who made the switch from Bentley to Aston Martin Lagonda, the decision is fraught with peril. Hallmark, 61, becomes Aston Martin’s fourth chief executive in two years, taking the reins at…