RE: Aston Martin sells Vanquish design for £20m

[oilit]

Is that the one with the free cleaner?

If so I wasn't sure if that price was to own it for life, a week, a month, or a year?

I felt it was a bit high for just an hour.....

[Kermit74]

Andy Palmer - Aston's very own Dany Bahar...

[RoverP6B]

How long until Palmer gets done for fraud?

[Burwood]

RoverP6B said:

How long until Palmer gets done for fraud?

Their prospectus May end up leaking like a sieve. My own views. Utter disgrace they took money from retail investors at 20 when the company was worth 5. It was a cash out for the Arab shareholders and a couple of insiders. An old expression ‘bag holders’. The clue should have been in the fees they paid to offload. I recall it was 200m. Which speaks volumes

[pruss]

original thought was Dyson involved somewhere with EV in mind but proper curve ball here but how about sale was to Morgan!

[anonymous-user]

Ineos?

[Unsorted]

cookie1600 said:

https://www.envisagegroupltd.com

If so, guessing this is sorted out. Aston Martin sues Envisage for allegedly stealing its designs.

Hats off to the person at Aston who got the £19 million deal (not hard cash) sealed just before IPO, therefore helping the accounts become a solid profit as opposed to the £0.8 positive that would have been considerably less exciting and therefore less helpful to the launch price.

Surely the purchaser will be known soon, as am guessing there are many questions disgruntled investors would like answered?

Edited by Unsorted on Saturday 3rd August 11:31

[steviechi]

Given AML subcontract most of their EV work to either Williams Advanced Engineering, or do the work directly, a 3rd party (chinese) company would certainly be interested.

As no Chinese startups have requested a suitable powertrain (and the domestic market is short of suitable suppliers) I'd think Geely must be the most obvious candidate..

[Cold]

steviechi said:

Given AML subcontract most of their EV work to either Williams Advanced Engineering, or do the work directly, a 3rd party (chinese) company would certainly be interested.

As no Chinese startups have requested a suitable powertrain (and the domestic market is short of suitable suppliers) I'd think Geely must be the most obvious candidate..

But Geely have Lotus. Why would they need the tech that Lotus sold to Aston?

[BVB]

Having the Ford Mondeo look like all of it's models (bar the Valkyrie) can't have helped sales.

[f1ten]

Terrible to see the rights. Glad it fell through.

[JxJ Jr.]

As mentioned in this thread https://www.pistonheads.com/gassing/topic.asp?h=0&... it appears it was a US company that bought/tried to buy it.