Andy Palmer - gone

[Cold]

As per title really. It looks like Palmer is going to be relieved of duty.

https://www.reuters.com/article/us-aston-martin-ce...

[anonymous-user]

Not been a success story has it. But I put a lot of the poor sales down to the exterior design.

[kevin_cambs_uk]

Wow...

[Djit]

Buy!

[Jon39]

Could an ex-AMG boss taking over, mean that the forthcoming Aston Martin V6 engine is ditched, and Mercedes engines are used throughout the range in the future?

[Bincenzo]

Jon39 said:

Could an ex-AMG boss taking over, mean that the forthcoming Aston Martin V6 engine is ditched, and Mercedes engines are used throughout the range in the future?

I think this brings with it a multitude of questions, options and potentially some concerns Jon, but I think we’d all agree that a more robust umbrella organisation can provide stability. That’s not to say it’s happening of course, but an odd coincidence in choice of replacement. Let’s hope it brings happier times to a company who’s people deserve it.

[2 GKC]

Total clusterf@&k. He trousered tens of millions in the float and has presided over a shambles. Amazed they got the float away, lot of people have lost a fortune

[pschlute]

First bit of good news for a long while.

[Gameface]

Good riddance.

[AstonV]

It took them long enough. Should have been done years ago. Using Corona virus as a scape goat is total BS.

[DB9VolanteDriver]

Jon39 said:

Could an ex-AMG boss taking over, mean that the forthcoming Aston Martin V6 engine is ditched, and Mercedes engines are used throughout the range in the future?

Death knell of AML if that were to happen. I don’t need an AML version of an AMG.

[lukeharding]

I'm sure everyone will be thrilled if/when AM becomes AMG Premium. If they ditch the V6, which seems entirely possible, then it'll surely be AMG engines for everyone which no doubt everyone here will love. I think everyone has been so concerned with if AM will survive, that they've not really considered what it might turn into if it does when in the shadow of a brand like AMG.
As for Andy Palmer, he was very helpful to me when I had an issue with my car and the dealer didn't want to know, and seems an enthusiast from what I can see. AM has a great range of products now that will hopefully give them a proper chance at survival. I don't have the correct education or insight to know if IPO was solely his fault or a whole multitude of people, but I do think its a shame that the vision and interest AM has at the moment might be killed off.

[KevinBird]

lukeharding said:

I'm sure everyone will be thrilled if/when AM becomes AMG Premium. If they ditch the V6, which seems entirely possible, then it'll surely be AMG engines for everyone which no doubt everyone here will love. I think everyone has been so concerned with if AM will survive, that they've not really considered what it might turn into if it does when in the shadow of a brand like AMG.
As for Andy Palmer, he was very helpful to me when I had an issue with my car and the dealer didn't want to know, and seems an enthusiast from what I can see. AM has a great range of products now that will hopefully give them a proper chance at survival. I don't have the correct education or insight to know if IPO was solely his fault or a whole multitude of people, but I do think its a shame that the vision and interest AM has at the moment might be killed off.

He won't starve

[bogie]

So thats the CEO and CFO replaced in recent months. Hopefully the newcomers have a good plan to make AM profitable...

[Beckson]

Everyone will not love AML only offering AMG engines..... that is a sickening thought.

[bogie]

If AMG engines is the only for them to survive its not necessarily a bad option. How much budget do you need to develop your own engine these days and how many cars do you need to sell to cover the cost? Low volume car makers can rarely afford their own engine so they need one from somewhere.....

[Beckson]

That will likely mean the end of AML with V12s if they only use AMG v8s to different levels of tune across their range.

[Soleith]

With an IPO like that and subsequent performance was surely only a matter of time before either the CEO or chair went, now both gone.

Fingers crossed that AML doesn't become AMG+.

[Chris Hinds]

Well it's going to be interesting to see what happens to the share price on Tuesday morning for sure. As an Aston Martin owner, quite honestly I want to see the brand succeed. I deliberately bought a 4.7v8 because I wanted an NA engine, not because I didn't want an AMG block. If you have to buy a V8 in though, why not buy in [one of] the best there is? It's hard to argue that Mercedes-AMG don't make a top class V8 engine after all. If I had the money I'd go order one of everything in the range - I didn't get the current Vantage or the DB11 for a long time but now they appeal in the same way as my older. Vantage does. The continuous negativity online to the brand does no good to it either.

[GPH]

Great news here and now in 2020 with the current situation. He tried hard and had lots of good ideas but did not think about the costs of all these different cars and platforms for such a small company.
He still had the mentality of running a massive company like Nissan
Therefore for nearly bankrupting the company yet again he gets shown the door thankfully.

Moderator edit: no posting newspaper articles please.

Edited by jeremyc on Tuesday 26th May 07:50