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Discussion
This afternoon, the Company released a statement to the London Stock Exchange.
No need to worry. As you were chaps.
'Sports cars sold out into 2023'.
What does 'sold out' mean?
Does it mean, reached the Gaydon factory production capacity, which in 2007 was 7,300 ?
( 2021 figures:- Sports + GT + Other + Specials = 3,177. )
DBX orders are more than 40% up on 2021.
If funding was explored and executed, it would be 'to support and accelerate the Company's future growth'.
When the statement was issued, the shares were trading at 385p.
Afterwards 'greatly relieved' (do I mean gullible?) share buyers moved the price steadily upwards, now 440p.
https://www.londonstockexchange.com/news-article/A...
Edited by Jon39 on Thursday 30th June 16:51
oilit said:
A little tip for reading.
www.12ft.io
Copy and paste the URL that oilit's link takes you to, and voilà.
LooneyTunes said:
"sold out into 2023" is an interesting turn of phrase. I hope it doesn't turn out to simply mean "we've sold some vehicles for 2023 delivery".
And 40% uplift on DBX is meaningless without knowing the baseline numbers from last year.
If they know the actual numbers (and of course they do) but chose to use a vague-but-shiny form of presentation like that instead, it's clearly a BS fudge.And 40% uplift on DBX is meaningless without knowing the baseline numbers from last year.
SpeckledJim said:
LooneyTunes said:
"sold out into 2023" is an interesting turn of phrase. I hope it doesn't turn out to simply mean "we've sold some vehicles for 2023 delivery".
And 40% uplift on DBX is meaningless without knowing the baseline numbers from last year.
If they know the actual numbers (and of course they do) but chose to use a vague-but-shiny form of presentation like that instead, it's clearly a BS fudge.And 40% uplift on DBX is meaningless without knowing the baseline numbers from last year.
DBX sales (to dealers) in 2021 = 3,001. [AML Annnual Report]
For 2022, they therefore appear to be suggesting 4,200 DBX sales.
One costly interesting conundrum, is operating two factories, both probably only running at half capacity.
How that can be resolved without upsetting many employees, I don't know.
I have never understood the 'cost efficiency' scheme, where every Gaydon built car, now goes on a 260 mile journey to St Athan and back, to be painted. Does that all happen without any scratches?
Jon39 said:
SpeckledJim said:
LooneyTunes said:
"sold out into 2023" is an interesting turn of phrase. I hope it doesn't turn out to simply mean "we've sold some vehicles for 2023 delivery".
And 40% uplift on DBX is meaningless without knowing the baseline numbers from last year.
If they know the actual numbers (and of course they do) but chose to use a vague-but-shiny form of presentation like that instead, it's clearly a BS fudge.And 40% uplift on DBX is meaningless without knowing the baseline numbers from last year.
DBX sales (to dealers) in 2021 = 3,001. [AML Annnual Report]
For 2022, they therefore appear to be suggesting 4,200 DBX sales.
One costly interesting conundrum, is operating two factories, both probably only running at half capacity.
How that can be resolved without upsetting many employees, I don't know.
I have never understood the 'cost efficiency' scheme, where every Gaydon built car, now goes on a 260 mile journey to St Athan and back, to be painted. Does that all happen without any scratches?
But the Crewe-built Bentley has had its body-in-white very carefully and expensively transported c.1000 miles from Europe without hiccup, and yet Bentley is currently a gigantic gushing cash fountain.
So, whilst that road trip to Wales and back obviously isn't great, in-and-of-itself that's not the problem.
Poor styling leading to poor sales is the actual crux of the problem, IMVHO.
The reason to buy an AM instead of a Porsche used to be that the AM looked a damn-sight better, and so made you look a damn-sight cooler and more discerning. That situation has very much gone away. The current situation is not a happy one.
SpeckledJim said:
... But the Crewe-built Bentley has had its body-in-white very carefully and expensively transported c.1000 miles from Europe ...
Oh yes of course, I remember now.
Bentley need Audi Q7 body shells, as the basis for their car.
I think the Audi looks prettier and more rounded, if it is appropriate to say that about an SUV.
EDIT. Have just looked at a photo. Yuk, I must have been picturing an early Q5. They have gone even bigger, sharp edge and rectangular now.
Edited by Jon39 on Friday 1st July 08:00
SpeckledJim said:
Poor styling leading to poor sales is the actual crux of the problem, IMVHO.
The reason to buy an AM instead of a Porsche used to be that the AM looked a damn-sight better, and so made you look a damn-sight cooler and more discerning. That situation has very much gone away. The current situation is not a happy one.
Summed up better than a million industry analysis by an AM customer. Even the Valkyrie looks a dogs breakfast The reason to buy an AM instead of a Porsche used to be that the AM looked a damn-sight better, and so made you look a damn-sight cooler and more discerning. That situation has very much gone away. The current situation is not a happy one.
KevinBird said:
SpeckledJim said:
Poor styling leading to poor sales is the actual crux of the problem, IMVHO.
The reason to buy an AM instead of a Porsche used to be that the AM looked a damn-sight better, and so made you look a damn-sight cooler and more discerning. That situation has very much gone away. The current situation is not a happy one.
Summed up better than a million industry analysis by an AM customer. Even the Valkyrie looks a dogs breakfast The reason to buy an AM instead of a Porsche used to be that the AM looked a damn-sight better, and so made you look a damn-sight cooler and more discerning. That situation has very much gone away. The current situation is not a happy one.
Not directly related to the topic (but I am the OP).
The mention of the 'Second Century' model designs, reminded me of a recent video.
Owners of those cars are unlikely to ever have the option of using an independent specialist (might only apply to the Mercedes engine models).
Supposedly, different AM diagnostic equipment is required. Hugely expensive and unlike the original version, must be connected to the factory when in use.
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