Tag: $Aston Martin

Shares of Aston Martin fell as much as 10% on Monday morning after the British luxury carmaker issued a fresh profit warning, citing a challenging industry outlook and uncertainties over tariffs.

Aston Martin shares jumped after the company said it could raise 125 million pounds ($161.8 million) through an investment by Executive Chair Lawrence Stroll’s firm and a sale of its stake in the Formula One team that bears its name.

Aston Martin said it plans to reduce its global workforce by 5% as part of a cost-savings program and pushed back the launch of its first fully electric car.

Stocks of European carmakers hemorrhaged early on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings, citing broader industry challenges and difficulties in the world’s largest auto market, China.

British luxury carmaker Aston Martin unnerved investors on Tuesday by leaving out a sales volume target as it stuck to its medium-term financial goals.

British luxury carmaker Aston Martin has reached a deal that will give U.S. electric vehicle (EV) maker Lucid Group a 3.7% stake in the company in return for access to its “high performance” technology, Aston Martin said on Monday.