‘We don’t make cars, we make dreams.” More fool the investors who fell for Andy Palmer’s flotation spiel. Now they know what sort of dreams the Aston Martin Lagonda boss specialises in: the type where you put your brand new motor in a ditch. The likes of Oppenheimer (since bought by Invesco) and Merian thought they were buying into a James Bond fantasy. Or worse: a bodge job from no less than 12 banks, led by Goldman Sachs, Deutsche Bank and JP Morgan Cazenove. Investors swerved…

Source: The Times July 24, 2019 23:14 UTC