AML.L - Aston Martin Lagonda Global Holdings plc

Aston Martin's first SUV rolls off production line

Aston Martin's <AML.L> 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. Popular for being James Bond's carmaker of choice, the firm has had a difficult time since it floated in 2018 as sales disappointed and it burnt through cash, prompting it to seek fresh investment from billionaire Lawrence Stroll. The DBX vehicle is the company’s first foray into the lucrative sport utility vehicle market, a late entrant compared to many rivals such as Volkswagen-owned <VOWG_p.DE> Bentley and BMW’s <BMWG.DE> Rolls-Royce.

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  Aston Martin Finally Starts Production Of Much-Needed DBX SUV

  motor1
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  Aston Martin DBX SUV officially enters production

  Autoblog

Millennial investors: 3 stocks I think they should be buying

Millennial investors have time on their side and can afford to be more adventurous with their buys. Here's a diversified selection of stocks I like.The post Millennial investors: 3 stocks I think they should be buying appeared first on The Motley Fool UK.

Aston Martin shares have nearly doubled! Are they still a buy?

Aston Martin shares have jumped since March, but the company's recovery is only just getting started. There could be future gains ahead for investors, says Rupert Hargreaves.The post Aston Martin shares have nearly doubled! Are they still a buy? appeared first on The Motley Fool UK.

Is the Aston Martin share price too cheap to ignore?

The Aston Martin share price has collapsed this year. Will a fresh injection of cash turn things around for this struggling company?The post Is the Aston Martin share price too cheap to ignore? appeared first on The Motley Fool UK.

Aston Martin turns to stock offering to bolster capital

New owner Yew Tree will pick up 25% of the offering, with Prestige Motors, which has steadily reduced its holding in the company having previously been the main shareholder, planning to buy about 8%, the company said. 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. "We are making very good progress on my first priority, the rebalancing of supply and demand and reducing dealer stock as we reset the business and restore exclusivity," said Chairman Lawrence Stroll, the Canadian billionaire who took over the role earlier this year after taking a 20% stake in the company.

Aston Martin shares crash another 10%! Here’s why

Another day, another fundraise, another share price crash. Paul Summers takes a closer look at Aston Martin Lagonda Global Holding plc (LON:AML).The post Aston Martin shares crash another 10%! Here's why appeared first on The Motley Fool UK.

What to watch: Aston Martin raises cash, Intu faces collapse, and easyJet's sale-and-leaseback deal

A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

Stock market crash, round 2: What could happen to the Aston Martin share price?

With the Aston Martin share price taking a large hit during the first stock market crash this year, Jonathan Smith reviews what could be on the horizon.The post Stock market crash, round 2: What could happen to the Aston Martin share price? appeared first on The Motley Fool UK.

Aston Martin taps ex-Jaguar Land Rover CFO Kenneth Gregor as finance head

Gregor, 53, will be tasked with helping with the turnaround of the company, which is cutting jobs and sports car production as it grapples with a deep first-quarter loss on a slump in sales due to the coronavirus outbreak. Gregor, who has over 20 years of automotive experience, takes over from interim CFO Viki Bhatia. "He is a seasoned financial professional ... he supported the successful execution of its (JLR's) growth plans, through product expansion, with robust financial planning and capital allocation policies," Chairman Lawrence Stroll said.

Is the Aston Martin share price a classic bargain to snap up?

The Aston Martin share price is 92% cheaper than at IPO. It makes the sexiest cars on the planet, but is the British racing brand a bargain?The post Is the Aston Martin share price a classic bargain to snap up? appeared first on The Motley Fool UK.

Investors are taking a gamble on the Aston Martin share price: Here’s what I’d do

The Aston Martin share price has more than doubled in a month. Are brave investors right to take a gamble, or should we wait and see?The post Investors are taking a gamble on the Aston Martin share price: Here's what I'd do appeared first on The Motley Fool UK.

The Aston Martin share price has been rising. Should you consider buying auto stocks now?

As our economy opens up, auto industry shares, such as Aston Martin, have been on the rise. Should investors buy car industry stocks now? The post The Aston Martin share price has been rising. Should you consider buying auto stocks now? appeared first on The Motley Fool UK.

The National Express share price is rising! It’s a FTSE 250 stock I’d Buy

The National Express share price has risen over 10% this month, can this FTSE 250 (INDEXFTSE:MCX) stock keep up the momentum? The post The National Express share price is rising! It’s a FTSE 250 stock I’d Buy appeared first on The Motley Fool UK.

Could cheap Aston Martin shares double in the stock market recovery?

Aston Martin shares could be one of the best investments to own in the stock market recovery after a new CEO took the helm says this Fool. The post Could cheap Aston Martin shares double in the stock market recovery? appeared first on The Motley Fool UK.

The Aston Martin share price is up 134% since the stock market crash. Is now the time to buy?

With the Aston Martin share price rising rapidly over recent weeks, could now be a good time to invest in the luxury car maker?The post The Aston Martin share price is up 134% since the stock market crash. Is now the time to buy? appeared first on The Motley Fool UK.

Coronavirus: Carmaker Bentley slashes up to 1,000 jobs

Bentley said the cuts were a 'last resort,' and it declined to rule out compulsory redundancies.

Why I think the Aston Martin share price could go much lower

The Aston Martin share price has climbed this week after the arrival of a new boss. Here's why I think it might be a calm before another storm.The post Why I think the Aston Martin share price could go much lower appeared first on The Motley Fool UK.

Fasten your seat belt! Why I think the Aston Martin share price could go downhill from here

The Aston Martin share price has rebounded from its bottom. But don’t get excited just yet, because things might yet get worse...The post Fasten your seat belt! Why I think the Aston Martin share price could go downhill from here appeared first on The Motley Fool UK.

3 reasons I’d buy Aston Martin shares despite its latest news

Despite the short-term hit to the Aston Martin share price, Jonathan Smith finally flips and puts the share on his buy list for the long term!The post 3 reasons I'd buy Aston Martin shares despite its latest news appeared first on The Motley Fool UK.

What to watch: EasyJet and Carnival drop out of FTSE 100, ECB in focus, and car companies cut jobs

A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

Coronavirus: Aston Martin and Lookers cut 2,000 jobs as car sales plummet

Figures from the Society of Motor Manufacturers and Traders (SMMT) showed new car sales fell by 89% in May.

Aston Martin to shed up to 500 jobs in cost cutting drive

British luxury carmaker Aston Martin plans to shed up to 500 jobs as it seeks to bring its cost base into line with reduced sports car production levels, it said on Thursday. The job cuts come a week after Aston Martin confirmed that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer. Aston Martin, famed for being fictional secret agent James Bond's car of choice, has seen its share price plummet since floating in October 2018.

Major Aston Martin shareholder cuts stake in British carmaker

Italian private-equity firm Investindustrial Advisors Ltd disclosed a stake of 14.99% in Aston Martin as of May 29, compared with its previous stake of 19.92%. It was not immediately clear why the fund cut its stake. Investindustrial is the company's second-biggest shareholder after Canadian billionaire Lawrence Stroll, according to Refinitiv Eikon data.

Coronavirus: Supercar maker McLaren to cut 1,200 jobs

The Surrey-based Formula 1 team-owner will lay off around a quarter of its workforce.

What to Watch: EasyJet finance chief to leave, stocks rise, new Aston Martin chief

A daily summary of the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world.