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AUTO NEWS – Aston Martin Responds To Canadian Billionaire Investor Report

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Aston Martin Responds To Canadian Billionaire Investor Report

“We’re actually not actively soliciting some other participation. That is to not say it does not come,” Palmer mentioned when requested whether or not Aston wanted a brand new investor. ” what we must do if there was an official method. Past that, I am unable to remark.” Palmer was talking at an occasion marking the event of the opening of a brand new Aston Martin manufacturing unit in south Wales the place the all-new DBX SUV will probably be constructed. The DBX, in brief, should be profitable.

The corporate posted a pre-tax lack of $118 million within the first 9 months of this yr. Demand for its sports activities vehicles, significantly in Europe, is weaker than anticipated. “The opening is a vastly essential milestone within the firm’s development plan and integral to our ambitions as a worldwide luxurious model with a presence in all main sectors of the market,” Palmer mentioned throughout a part of the plant’s opening ceremony.

AUTO NEWS – Aston Martin Responds To Canadian Billionaire Investor Report
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