Lots of us love a V12 Aston Martin.....

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6,001
Enjoyed the Bond movie last night, black Maser driven by baddies. Maybe a blue GT parked up? The DB5 of course and a really nice AM saloon so much better than current DB7 clones about today (tin hat again folks)
Here is one to refresh your memories.
91904
 

Andyk

Member
Messages
61,126
Enjoyed the Bond movie last night, black Maser driven by baddies. Maybe a blue GT parked up? The DB5 of course and a really nice AM saloon so much better than current DB7 clones about today (tin hat again folks)
Here is one to refresh your memories.
View attachment 91904

These were 9190591906919079190891909919109191191912at Aston Martin St Athans when I was there this morning…Tribute to 007…
 

mowlas

Member
Messages
1,732
Good news for the survival of the AM brand in the Times today…

Aston Martin drives back into the black after bumpy year​


new
Aston Martin’s plant in Gaydon, Warwickshire. It sold more than 6,000 vehicles last year



Aston Martin Lagonda has claimed the first profit of its turbulent four and half years on the stock market.

The Warwickshire-based company, the only listed carmaker on the London Stock Exchange, said it turned a £16 million profit in the final trading quarter of 2022. The result follows a previous four years in which it racked up cumulative losses of £1.3 billion.

Stroll, a 63-year-old Canadian rag trade billionaire with an enthusiasm for motor racing, said: “As I have said before, I knew it would take multiple years to build Aston Martin into the world’s most desirable ultra-luxury British performance brand. With the heavy lifting behind us, we are now poised to see the results of this transformation, starting in 2023.”

The company said sales volumes would increase by up to 10 per cent to about 7,000 in 2023 and that those profit margins would touch 20 per cent.
 

Ewan

Member
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6,803
How on earth have they made a profit? They don’t sell many cars, and those that they do are discounted. And their F1 adventure can’t be cheap.
Clever accounting I suspect, to bolster the share price, to allow more leveraging…
Anyway, good luck them. The World would be a poorer place without Astons.
 

lozcb

Member
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12,515
How on earth have they made a profit? They don’t sell many cars, and those that they do are discounted. And their F1 adventure can’t be cheap.
Clever accounting I suspect, to bolster the share price, to allow more leveraging…
Anyway, good luck them. The World would be a poorer place without Astons.
I was thinking the exact same .............the numbers just dont add up , unless the clothing and sunglasses sales make up for a lot i dont know about
 

mowlas

Member
Messages
1,732
I was thinking the exact same .............the numbers just dont add up , unless the clothing and sunglasses sales make up for a lot i dont know about
More from the article:
_____________________


“Helped by the delivery of 36 of its £2.5 million Valkyrie hypercars in the final three months of the year — almost as many of the model as it had sold in the rest of 2022 — Aston Martin got into the black in the final quarter as revenues jumped by nearly half as much again from the same period in 2021.

That result came after a much more troubled earlier part of the year for Aston Martin, which, heavily lossmaking and with debts in danger of spiralling out of control, went through its latest — and largest — refinancing, a £654 million equity fundraising in which the same Saudi Arabian sovereign wealth fund that also owns Newcastle United, took a 17 per cent stake.

Nearly 40 per cent of Aston Martin’s sales volumes and revenues in 2022 came in the last three months of the year. For the year as a whole it sold 6,412 vehicles, up 4 per cent on 2021, bringing in revenues 26 per cent higher at £1.38 billion.

The £16 million profit before tax it made in the last quarter only managed to take the edge off its previous troubles and the group still posted a record loss for the year of £495 million.”
 

lozcb

Member
Messages
12,515
More from the article:
_____________________


“Helped by the delivery of 36 of its £2.5 million Valkyrie hypercars in the final three months of the year — almost as many of the model as it had sold in the rest of 2022 — Aston Martin got into the black in the final quarter as revenues jumped by nearly half as much again from the same period in 2021.

That result came after a much more troubled earlier part of the year for Aston Martin, which, heavily lossmaking and with debts in danger of spiralling out of control, went through its latest — and largest — refinancing, a £654 million equity fundraising in which the same Saudi Arabian sovereign wealth fund that also owns Newcastle United, took a 17 per cent stake.

Nearly 40 per cent of Aston Martin’s sales volumes and revenues in 2022 came in the last three months of the year. For the year as a whole it sold 6,412 vehicles, up 4 per cent on 2021, bringing in revenues 26 per cent higher at £1.38 billion.

The £16 million profit before tax it made in the last quarter only managed to take the edge off its previous troubles and the group still posted a record loss for the year of £495 million.”
See its all in the small print ....bit like the mining market place ...all smoke and mirrors
 

Motorsport3

Member
Messages
878
More from the article:
_____________________


“Helped by the delivery of 36 of its £2.5 million Valkyrie hypercars in the final three months of the year — almost as many of the model as it had sold in the rest of 2022 — Aston Martin got into the black in the final quarter as revenues jumped by nearly half as much again from the same period in 2021.

That result came after a much more troubled earlier part of the year for Aston Martin, which, heavily lossmaking and with debts in danger of spiralling out of control, went through its latest — and largest — refinancing, a £654 million equity fundraising in which the same Saudi Arabian sovereign wealth fund that also owns Newcastle United, took a 17 per cent stake.

Nearly 40 per cent of Aston Martin’s sales volumes and revenues in 2022 came in the last three months of the year. For the year as a whole it sold 6,412 vehicles, up 4 per cent on 2021, bringing in revenues 26 per cent higher at £1.38 billion.

The £16 million profit before tax it made in the last quarter only managed to take the edge off its previous troubles and the group still posted a record loss for the year of £495 million.”
So basically they had a quarter that was positive but FY 2022 was well into red.
 

Ewan

Member
Messages
6,803
So the real news is that for 2022, it was a record loss! And for a company that is famous for posting losses, that really is saying something. Oh dear.
It would help if they redesigned the current Vantage to make it attractive. They did it brilliantly last time, so why not now?
 

Andyk

Member
Messages
61,126
For me the new Vantage looks stunning in the flesh. It’s sleek, low and aggressive and after driving one is a vast improvement over the old car. A much better sports car and putting that AMG unit in was a right way to go. Yes it certainly isn’t as pretty as the old car which is still the best looking shape on the road for me. I think people struggled with it at first as that front was a massive departure but it is 5 years old now and talking to my friend who works for Aston Martin in Bristol they cannot get enough used ones and they sell good spec ones easily. Myself I wouldn’t take the old car over the new one. What you find though is that the younger generation car buyers love the new car and the older folk prefer the old car.

I believe that this year there is a model upgrade to the car which we will see at Goodwood so it may get prettier for you Ewan.
 

Andyk

Member
Messages
61,126
Fingers crossed, as it is great car. Just not pretty enough for many people to actually buy it.

Still lots don’t like the front Ewan which so think was the Man issue. I think the vaned update is better but with big grills everywhere not sure they will ever go back to the perfectly formed grill in the old Vantage.