Aston Martin borrows £120m at 12-15% interest rates.
Discussion
From article :“Aston Martin said it needed the funds to carry out a plan to produce seven new models in as many years. The carmaker will also use the money to pay off short-term debts and cover transaction costs.”
Really?? £120m to carry out a plan to produce seven new models???
Might be less damaging to their rep if they said they were blowing it on drugs and hookers because £120m isn’t going to do much else in the car industry
Really?? £120m to carry out a plan to produce seven new models???
Might be less damaging to their rep if they said they were blowing it on drugs and hookers because £120m isn’t going to do much else in the car industry
Miserablegit said:
From article :“Aston Martin said it needed the funds to carry out a plan to produce seven new models in as many years. The carmaker will also use the money to pay off short-term debts and cover transaction costs.”
Really?? £120m to carry out a plan to produce seven new models???
Might be less damaging to their rep if they said they were blowing it on drugs and hookers because £120m isn’t going to do much else in the car industry
£120M could do it - you have to understand Aston Martin's idea of "new model" isn't the same as a regular car manufacturer Really?? £120m to carry out a plan to produce seven new models???
Might be less damaging to their rep if they said they were blowing it on drugs and hookers because £120m isn’t going to do much else in the car industry
Wills2 said:
You have to question whether they can succeed as a standalone business in today's market, the development costs are eye watering in the auto industry, in the same way RR and Bentley wouldn't be around if it wasn't for BMW and VW.
If they can get the DBX sorted and to market then they should be on a much better footing. Effectively they've gambled the show on getting it finished and out there, if they can't do it soon they're gone.I know a couple of lads that worked there, one still does but only as a contractor, the perm guy moved on in New Year. Writing has been well and truly on the wall according to both of them. Some lad was bragging couple of weeks back about how the contractors will be out end of next month, and how he will be ok as he is a perm, managers didn't like it, so they got rid of him for being a gobshyte!
D'oh!
Sadly, rightly or wrongly, they are just not on the same radar of consumers, so few people nowadays aspire to own an Aston, great cars, but as a brand, not in the Porsche, Lambo or Ferrari league by any stretch of the "imagine". (SWIDT!)
D'oh!
Sadly, rightly or wrongly, they are just not on the same radar of consumers, so few people nowadays aspire to own an Aston, great cars, but as a brand, not in the Porsche, Lambo or Ferrari league by any stretch of the "imagine". (SWIDT!)
If any car manufacturer wanted to borrow money from me it would be at 12%+
If they need to borrow then there is a high risk, same if a developer came to me...if you ain’t got the money yourself and you are one of the "rich developers" then it’s gonna cost you. It’s not like Aston have not for form.
If they need to borrow then there is a high risk, same if a developer came to me...if you ain’t got the money yourself and you are one of the "rich developers" then it’s gonna cost you. It’s not like Aston have not for form.
Venturist said:
Really hope to see an Aston Martin utterly resurgent 12-24 months from now, but they have absolutely bet the farm on DBX. I hope it does everything they want it to or it’s game over.
Look how successful the Urus has been from Lamborghini. But then, they did have the financial and parts bin backing of Audi so it was easy money to make.I can see the DBX being Astons best seller (much as I don't agree with it) but it has to be profitable and relatively cheap to make.
They have some short term liquidity problems, they got ripped off a while back by a Hong Kong business I seem to recall. They have some good cars coming up, the DBX and the mid engined ones, they just have to get to there.
I'm sure the Vantage being divisive looks wise has not helped sales. Perhaps a good punt on shares for someone who likes a gamble.
You could argue Mercedes might buy them out to compete with VAG as an alternative.
I'm sure the Vantage being divisive looks wise has not helped sales. Perhaps a good punt on shares for someone who likes a gamble.
You could argue Mercedes might buy them out to compete with VAG as an alternative.
"“This is intended to substantially and materially banish any thoughts that somehow we don’t have the money to get to DBX,” Andy Palmer, chief executive, said on Wednesday" - Bizarre.
Gandahar said:
They have some short term liquidity problems, they got ripped off a while back by a Hong Kong business I seem to recall
They didn't get ripped off, just like their investors didn't get ripped off in the IPO, they made a bad judgement in extending credit to Detroit Electric.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff