That purchase of that company?
Aston Martin has blamed Donald Trump’s tariffs for a profit warning, as the carmaker urged the UK government to offer more “proactive support”.
This is what, 6th profit warning? 7th?
That purchase of that company?
Aston Martin has blamed Donald Trump’s tariffs for a profit warning, as the carmaker urged the UK government to offer more “proactive support”.
This is what, 6th profit warning? 7th?
From an AI bot: “Aston Martin has rarely made a profit throughout its history, with only a few instances of profitability, such as in 2005. The company has faced financial difficulties and has been rescued multiple times by wealthy backers since its founding in 1913”.
Aston losing money appears to be the rule, not the exception.
The only time they should issue a ‘profit warning’ is when they are on track to make one.
Isn’t Aston Martin like opera. The point isn’t to make money, but spend it. cf SirTerry.
There is also a story of a famous actor who asked if he could buy a DB5 at ‘cost price’. David Brown told him it would be cheaper if he bought one from a dealer…..
Lauren Almeida is stenographer for this press release. She adds nothing.
Dontcha love how a Swiss/Canadian/Saudi/Chinese company leans on the UK government?
The carmaker says SUPPLY concerns hurt DEMAND.
I can see that, though. There are other posh cars than Aston, and if I were in the market for one I’d be put off if no-one could tell me when I would be likely to get it, whether it would be complete on delivery, or if parts for maintenance were going to be hard to come by.
Whatever they’re paying Fleming’s estate, it was cheap at the price. I think most of why Aston Martin still exists is the Bond factor.
We’ll see if that’s still a factor now that the Bond image has been done so much damage.
With bankruptcies in 1924,1925, 1932, 1947,1974,1981 and 1993 it would be odd for them not to be once more teetering on the brink.
Blaming Trump and tariffs seems to be reflexive at this point. I guess they’re banking on the fact that not many people know how many times A-M has gone bankrupt in the past…
It’s 30% down since Trump was elected. 98% down since they went public.
The problem with A-M is that it needs a big owner. Like VW owns Lamborghini. So you don’t just get financial backing, but a lot of shared parts, technology, processes etc.
Once in the late 1950s, I had cause to visit the Aston Martin factory to help sort out a problem with brake components. I watched a chap assembling engines and watched as he picked up pistons one by one until he found one to fit the cylinder he wanted to fill. With 6 cylinders and a box full of pistons it took some time before he had enough components to start actually assembling the engine. No wonder they cost so much.
Drivetrain, and a lot of the electronic bits are all Mercedes/AMG now. They’d be the most logical lot to own Aston, but they can probably make more money with less risk by just selling them the bits, so why would they want the whole company?
Didn’t they use to be owned by Ford? Part of the post-leyland mess also involving JLR? I recall working at Gaydon when contracted by BMW -JLR, and seeing prototype Astons, but I don’t recall who owned what.