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Aston Martin?
Posted: Tue May 26, 2020 11:28 am
by mik
Been through difficulties many times in the past of course, but CEO exited today following massive losses.
I don’t strongly desire any of their current line-up, but I hope they are able to weather this storm.
www.bbc.co.uk/news/amp/business-52804705
Re: Aston Martin?
Posted: Tue May 26, 2020 11:31 am
by duncs500
Surely the fact that someone successful has gone in there tells us that it's not over?
Re: Aston Martin?
Posted: Tue May 26, 2020 11:32 am
by Orange Cola
That was the big plan wasn’t it? When he floated the company it was for him and a few others to cash in at the expense of the brand then leave it for someone else to sort out.
Re: Aston Martin?
Posted: Tue May 26, 2020 11:36 am
by Orange Cola
duncs500 wrote: Tue May 26, 2020 11:31 am
Surely the fact that someone successful has gone in there tells us that it's not over?
It could end up as part of the Daimler group, there’s several tie ins between the engine, electrical and infotainment side for the road cars, the fact Wolff and Stroll are now investors (Wolff recently having an investment foot in both camps) and now the bloke from AMG stepping in. I think Merc really could make Aston work but I’m just speculating.
Re: Aston Martin?
Posted: Tue May 26, 2020 11:54 am
by Foz
£18 to 35p share price wasnt it,
Stroll in and wipe the debt no doubt and off you..
Vantage too expensive and DBX, meh
Re: Aston Martin?
Posted: Tue May 26, 2020 12:30 pm
by SSO
Orange Cola wrote: Tue May 26, 2020 11:36 am
duncs500 wrote: Tue May 26, 2020 11:31 am
Surely the fact that someone successful has gone in there tells us that it's not over?
It could end up as part of the Daimler group, there’s several tie ins between the engine, electrical and infotainment side for the road cars, the fact Wolff and Stroll are now investors (Wolff recently having an investment foot in both camps) and now the bloke from AMG stepping in. I think Merc really could make Aston work but I’m just speculating.
Daimler has a hosts of its own problems right now so an Aston take over is unlikely. If Stroll can get the business turned around then in a few years a Merc buyout is more likely.
Re: Aston Martin?
Posted: Tue May 26, 2020 1:40 pm
by Jimexpl
Shares are up 22% today...
Re: Aston Martin?
Posted: Tue May 26, 2020 1:42 pm
by SSO
Jimexpl wrote: Tue May 26, 2020 1:40 pm
Shares are up 22% today...
Hope over reason.
Re: Aston Martin?
Posted: Tue May 26, 2020 3:08 pm
by Foz