Aston Martin's 2023 Results: Turtle Flambé
Aston Martin's 2023 Results: Turtle Flambé
Just did an analysis of Aston Martin's 2023 Results:
https://karenable.com/astonmartins-fy-2023/
Thoughts?
https://karenable.com/astonmartins-fy-2023/
Thoughts?
Re: Aston Martin's 2023 Results: Turtle Flambé
Grim.
Possible typo? "In fact, they shipped over 50% what would have been the expected Q4 demand based on the prior 3 quarters of 2023" should be "shipped 50% over"?
With delays to their EV and Mid-engined car I can't see any reason to hope AML won't be completely left in the dust.
Possible typo? "In fact, they shipped over 50% what would have been the expected Q4 demand based on the prior 3 quarters of 2023" should be "shipped 50% over"?
With delays to their EV and Mid-engined car I can't see any reason to hope AML won't be completely left in the dust.
Re: Aston Martin's 2023 Results: Turtle Flambé
Yes, at a minimum it's a bit awkward. Corrected & thanks.RobYob wrote: ↑Mon Mar 04, 2024 5:28 pm Grim.
Possible typo? "In fact, they shipped over 50% what would have been the expected Q4 demand based on the prior 3 quarters of 2023" should be "shipped 50% over"?
With delays to their EV and Mid-engined car I can't see any reason to hope AML won't be completely left in the dust.
To a large extent, they already are.
Re: Aston Martin's 2023 Results: Turtle Flambé
I've read that twice now and I'm still not sure how they can try to paint those results as being positive.
What's at the root of Aston Martin's issues which seem to be perennial? Is it the fact they ultimately have a smaller appeal and audience for their products than other similarly priced alternatives? Or can they just not scale to meet what demand there is, so can never maximise their profits on new models?
What's at the root of Aston Martin's issues which seem to be perennial? Is it the fact they ultimately have a smaller appeal and audience for their products than other similarly priced alternatives? Or can they just not scale to meet what demand there is, so can never maximise their profits on new models?
Cheers,
Mike.
Mike.
Re: Aston Martin's 2023 Results: Turtle Flambé
The issues start with far too much debt that they cant properly service, an unsustainable cost structure (2 factories, more than 2x the capacity they need), and poor execution.Ascender wrote: ↑Tue Mar 05, 2024 1:38 pm I've read that twice now and I'm still not sure how they can try to paint those results as being positive.
What's at the root of Aston Martin's issues which seem to be perennial? Is it the fact they ultimately have a smaller appeal and audience for their products than other similarly priced alternatives? Or can they just not scale to meet what demand there is, so can never maximise their profits on new models?
Re: Aston Martin's 2023 Results: Turtle Flambé
Not a pretty picture..... and your first 3 paragraphs summarise it very concisely
Re: Aston Martin's 2023 Results: Turtle Flambé
Not AM, but I read this on another forum earlier. Doesn’t sound positive.
Today's Times reports:
McLaren’s owners, led by Bahrain’s sovereign wealth fund Mumtalakat, have spent £1.5 billion bankrolling the business over the past four years alone. Now investor patience seems to have run out. Wall Street investment bank JP Morgan has been hired to find new “strategic partners” ahead of Bahrain selling a controlling stake in McLaren, City sources said.
https://cardealermagazine.co.uk/publish ... ses/298991
Re: Aston Martin's 2023 Results: Turtle Flambé
It's actually old news. They have been in discussions with potential strategic partners for awhile now and Mumtalakat is looking for an eventual exit. That exit is unlikely to happen until after the next set of new models is launched.mik wrote: ↑Sun Mar 10, 2024 9:26 amNot AM, but I read this on another forum earlier. Doesn’t sound positive.
Today's Times reports:
McLaren’s owners, led by Bahrain’s sovereign wealth fund Mumtalakat, have spent £1.5 billion bankrolling the business over the past four years alone. Now investor patience seems to have run out. Wall Street investment bank JP Morgan has been hired to find new “strategic partners” ahead of Bahrain selling a controlling stake in McLaren, City sources said.
https://cardealermagazine.co.uk/publish ... ses/298991
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Re: Aston Martin's 2023 Results: Turtle Flambé
Interesting day.. Hallmark (CEO Bentley) moves to Aston Martin, and McLaren Group bought outright by Bahrain.
Cheers,
Ian
Ian
Re: Aston Martin's 2023 Results: Turtle Flambé
Just posted this up on the new Aston CEO https://karenable.com/aston-martin-ceo4/
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Re: Aston Martin's 2023 Results: Turtle Flambé
Plus ça change..SSO wrote: ↑Sat Mar 23, 2024 11:36 pmJust posted this up on the new Aston CEO https://karenable.com/aston-martin-ceo4/
Stroll won’t relinquish control, and I imagine Hallmark knows that.. 2 years of a big salary just before retirement and no one can blame you for any failures must sound very attractive!
If the C-level Italians all walk out, it’ll take that long just to recruit replacements anyway..
Cheers,
Ian
Ian
Re: Aston Martin's 2023 Results: Turtle Flambé
I can't see them staying. The food in Gaydon is just not that good,IanF wrote: ↑Sun Mar 24, 2024 8:16 amIf the C-level Italians all walk out, it’ll take that long just to recruit replacements anyway..SSO wrote: ↑Sat Mar 23, 2024 11:36 pmJust posted this up on the new Aston CEO https://karenable.com/aston-martin-ceo4/