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Thread: How long before Aston Martin collapses then?

  1. #49
    HEXUS.timelord. Zak33's Avatar
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    Re: How long before Aston Martin collapses then?

    enormous sum of money plugs the hole for a couple of years

    https://uk.reuters.com/article/uk-as...-idUKKBN1ZU23R
    Quote Originally Posted by Reuters
    Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection
    .
    .
    A consortium led by Stroll will invest 182 million pounds($239 million), whilst major existing shareholders - primarily Italian and Kuwaiti private equity groups - will be part of a rights issue to raise 318 million pounds.

    Quote Originally Posted by Advice Trinity by Knoxville
    "The second you aren't paying attention to the tool you're using, it will take your fingers from you. It does not know sympathy." |
    "If you don't gaffer it, it will gaffer you" | "Belt and braces"

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    Re: How long before Aston Martin collapses then?

    They're getting back into racing this year soooo, only heard that today so perhaps something to do with the new guy?

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    Re: How long before Aston Martin collapses then?

    Quote Originally Posted by Zak33 View Post
    agreed...but it's still on the drawing board and they want to sell in next year
    Which is far from unusual in these limited edition status symbols. If you wait for metal in showrooms, they've all been sold well before that happened. Don't mistake "sell" for "deliver".

    I remember buying a relatively ordinary car, back in the 90's where contracts were signed, significant deposit paid and a contract locked in that would have been expensive to break. By "relatively ordinary" I mean a BMW. It was an M3 which is a small proportion of BMW's, but nonetheless, hardly exclusive.

    I signed the deal about 5:20 one night, and BMW closed orders on them less than an hour later. They'd sold their predetermined production quota. I took delivery nearly a year later, and new orders weren't opened for a couple of months after that.

    Before deciding, I talked to Maranello about a 355 Spyder. Delivery was quoted as 18-months to 2 years from order. And that was a standard production model, not a 'special'.
    A lesson learned from PeterB about dignity in adversity, so Peter, In Memorium, "Onwards and Upwards".

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    root Member DanceswithUnix's Avatar
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    Re: How long before Aston Martin collapses then?

    Quote Originally Posted by Zak33 View Post
    enormous sum of money plugs the hole for a couple of years
    This all reminds me of the old joke:

    Q: How do you make a small amount of money in the car industry.
    A: Start with a large amount of money.

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  6. #53
    HEXUS.timelord. Zak33's Avatar
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    Re: How long before Aston Martin collapses then?

    this /\ with golden knobs

    (its actually "how do you make a small fortune in the motor industry?" .. "start with a large one" but in essence you're on it )

    Quote Originally Posted by Advice Trinity by Knoxville
    "The second you aren't paying attention to the tool you're using, it will take your fingers from you. It does not know sympathy." |
    "If you don't gaffer it, it will gaffer you" | "Belt and braces"

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    Re: How long before Aston Martin collapses then?

    The MD has gone and the shares have tanked:

    https://www.theguardian.com/business...-shares-plunge

    With shares now at penny valuations, is it worth buying a couple of thousand? I do wonder !

  8. #55
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    Re: How long before Aston Martin collapses then?

    Hmmm, mate of mine works there, I'll have a word lol

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