The British brand has entered the booming market in luxury ‘car-chitecture’, opening a themed tower in Miami boasting ballroom, helipad and infinity pool – all offering millionaires a perfect view of our choking, collapsing world Move over, James Bond – a new Aston Martin has rolled into town, brimming with more flashy features than Q could ever dream of. Parked ostentatiously on the Miami waterfront, overlooking a private marina brimming with superyachts, its streamlined flanks glisten in the Florida sunshine, housing an interior trimmed with the finest leathers and exotic wood veneers. There ..read more

British carmaker to use components from Lucid to produce luxury high-performance battery electric models Aston Martin has struck a deal with the US firm Lucid to start making “ultra-luxury high-performance electric vehicles” from 2025. The British luxury carmaker, whose losses more than doubled last year to almost £500m, has struck a cash and shares deal valued at £182m in which Lucid will take a 3.7% stake in London-listed Aston Martin ..read more

Analysts are right in greeting new PM with warnings about ‘extreme macro outcomes’ and clarity is now essential Liz Truss’ first task is obvious: announce a plan on energy prices to get the country through the winter. The second task, though, is almost as important: avoid scaring the financial markets. On that score, Deutsche Bank’s currency analysts were merely stating the obvious in a note on Monday when they greeted the new prime minister by saying the risk of a balance of payments crisis in the UK “should not be underestimated” and that “policy announcements over the next few weeks will be ..read more

British carmaker hopes money will allow it to reduce debt payments and invest in new electric models Aston Martin shares slumped by nearly 16% after the British sports carmaker revealed that it would give a deep discount on a £576m rights issue as it tries to reduce its big debt pile. The luxury carmaker on Monday revealed that investors would be able to buy more shares at 103p a share, a steep 78% discount to the 480p closing price on Friday. Its shares closed down 15.6% at 405p early on Monday ..read more

Carmaker says supply chain shortages have hit production, leaving hundreds of its supercars unfinished Aston Martin, James Bond’s carmaker, saw pre-tax losses crash to £285.4m for the first half of this year as supply chain shortages hit production, leaving hundreds of its supercars unfinished. The company said it had difficulty meeting high levels of demand for new cars and has been hit by wider supply chain shortages, such as the global shortage of semiconductors and logistics issues ..read more

Low-cost finance and a ‘you only live once’ attitude behind 19% rise in the likes of Ferraris, Lamborghinis and Maseratis, say market analysts Wealthy people in the UK are splashing out on more luxury supercars than ever before, official figures show. More than 18,000 supercars – such as Ferrari, Bugatti, Aston Martin, Maserati and Koenigsegg models – were registered at UK addresses in 2021, a 19% increase on 2020 ..read more

Executive chairman ‘very comfortable’ with investment to help British manufacturer pay down large debts Aston Martin Lagonda has received a large investment from Saudi Arabia as part of raising £650m of capital to pay down the luxury sportscar maker’s large debts. The British manufacturer has not been able to generate the cash needed to invest in new models and electric technology, and has also struggled with delays to its Valkyrie hypercar and its newest DBX 707 sports utility vehicle ..read more

Its cheerful chief believes the firm is well positioned to bounce back, but that may not happen very soon This time last year Boohoo had a stock market value of £4bn and seemed to be flying. It was lording it over the high street by buying up its deadwood brands for online rejuvenation; pandemic trading conditions were delivering a whoosh to revenues as the likes of Primark had to close their doors. And now? Two profit warnings later – plus a downbeat outlook statement on Wednesday – Boohoo is full of grumbles. Customers are returning more items, the bane of an online retailer’s life, as they ..read more

Former Ferrari boss Amedeo Felisa will take over as chief executive of British carmaker Aston Martin has appointed its third chief executive in three years, with Tobias Moers stepping down after only two years in charge. Moers will leave the board of the British carmaker with immediate effect but will stay until the end of July to “support the leadership team with a smooth transition”, Aston Martin Lagonda announced ..read more

Battle between Max Verstappen and Lewis Hamilton will dominate once more but there are plenty of sub-plots to follow Car W13 Engine Mercedes Principal Toto Wolff Debut France 1954 GPs 249 Titles 8 Last season Champions. Struggled in testing with a car that may prove to be more of a diva than previous models. It suffered from heavy “porpoising” (ie the car heavily jarring up and down on a straight) and a consequent lack of balance, brake-locking and understeer. Believe they can solve the issues and in doing so will have a very quick car but this may be the most trying opening to a campaign they ..read more