How long before Aston Martin collapses then?

[Zak33]

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

https://uk.reuters.com/article/uk-as...-idUKKBN1ZU23R

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.

[[GSV]Trig]

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

[Saracen999]

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'.

[DanceswithUnix]

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.

[Zak33]

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 )

[Helios451]

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 !

[[GSV]Trig]

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

[[GSV]Trig]

Sooo, closer to collapse now?

[g8ina]

https://www.theguardian.com/business...vid-cuts-sales

[AC81]

I'm actually toying with the idea of getting some Aston shares.
With a billionaire at the helm he won't let it go bankrupt. And with F1 branding and James bond sales boost it could see them recover post covid.

Of course, i could be (probably will be) wrong.

[[GSV]Trig]

Aston shares have dropped a bit recently, I'm only 96% up at the mo..

Be interesting if Hamilton does move over to them though..

[jimbouk]

On a charm offensive with the media: https://www.bbc.co.uk/news/business-56245666

[kalniel]

With a billionaire at the helm he won't let it go bankrupt. And with F1 branding and James bond sales boost it could see them recover post covid.

This is the same billionaire that decided to sack the driver that 1) helped rescued the team financially and 2) performed better than any other driver they've had. But it's OK, they've decided to keep the billionaire's son instead.