Clamour for £145,000 coupé puts Aston Martin on track - News Summed Up

Clamour for £145,000 coupé puts Aston Martin on track


The DB11 has contributed to a 65 per cent rise in sales at Aston MartinSales of the DB11 have sent Aston Martin back into profit, fuelling hopes that the luxury sportscar producer is heading towards a sale or stock market float. The high-margin £145,000 two-seater DB11, built in Gaydon, Warwickshire, but fired by Mercedes-Benz engines, has been in production for only 14 months. It has, however, helped to transform the fortunes and finances of Britain’s largest independent carmaker, which its Italian and Kuwaiti investors have long indicated could be open to new ownership or even a stock market flotation when the time is right. For the first nine months of the year Aston Martin Holdings reported an 84 per cent surge in revenues to £567 million, with pre-tax profits coming in at £22 million compared with losses of £124…


Source: The Times November 23, 2017 00:11 UTC



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