Popular for being James Bond's carmaker of choice appeared first on The Motley Fool UK. ⚡️ Read the full article on Motorious.
Shares in luxury car maker Aston Martin fell as much as 10% on Friday, after the company detailed plans to raise fresh cash to bolster its finances. Are they still a buy?
The Canadian billionaire uses falling stock prices to his advantage. That along with a new CEO from Mercedes AMG could prove a boost. Find your local dealer, explore our rich heritage, and discover a model range including Vantage, DB11, DBS Superleggera, and Rapide AMR.
Aston Martin, which in May posted a deep first-quarter loss after sales dropped by nearly a third, also said its retail sales and wholesales are expected to fall further in the second quarter compared with the first. Aston Martin's first sport utility vehicle rolled off the production line on Thursday, key to hopes of a turnaround at the luxury carmaker which has seen changes in management and ownership over the last few months amid a torrid performance.
Edging out interested Chinese investors, Lawrence Stroll injected a serious amount of cash into Aston Martin back in late January. Aston Martin believes that the DBX will account for around half of the company's total sales in the coming years, broadening Aston’s customer base beyond its core sportscar market.
Discover historical prices for AML.L stock on Yahoo Finance.
Aston Martin, which in May posted a deep first-quarter loss after sales dropped by nearly a third, also said its retail sales and wholesales are expected to fall further in the second quarter compared with the first. View daily, weekly or monthly formats back to when ASTON MARTIN LAGONDA GLOBAL HOL stock was issued.
Looking first at Aston Martin, the main hope is that the backing of billionaire executive chair Lawrence Stroll will be enough to help the company improve.
An Aston Martin logo is pictured at the new factory in Saint Athan More (Reuters) - Aston Martin said on Friday it would issue new shares worth up to 20% of its existing equity capital for proceeds of 152 million pounds ($188.37 million) as the luxury carmaker seeks additional funds to ride out the coronavirus crisis. Fool.co.uk.
Aston Martin believes that the DBX will account for around half of the company's total sales in the coming years, broadening Aston’s customer base beyond its core sportscar market.
Some have lauded the Canadian billionaire for his move, proclaiming it has saved the proud British automaker from a potentially horrendous fate. Aston Martin (AML.L) chief Andy Palmer is to leave the struggling luxury carmaker and be replaced by Mercedes-AMG boss Tobias Moers in a management shake … Quotes for Aston Martin Stock Price 0.4821 GBP. Discover historical prices for ARGGY stock on Yahoo Finance. Aston Martin raises cash. Find the latest ASTON MARTIN LAGONDA GLOBAL HOL (AMLN.L) stock quote, history, news and other vital information to help you with your stock trading and investing.
There could be future gains ahead for investors, says Rupert Hargreaves.The post Aston Martin shares have nearly doubled! LONDON — Aston Martin shares slumped to a record low on Thursday after the British luxury carmaker said its losses ballooned last year and its chief financial officer would leave by the end of April.
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