ASTON MARTIN sell 30%of assets

ASTON MARTIN sell 30%of assets

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Discussion

Ocean53

Original Poster:

374 posts

190 months

Thursday 7th October 2010
quotequote all
AMOC web site has an article from the Guardian. I dont know how to paste the link but I am sure someone does.
I have now found the article and see that its a sales drop of 30% and NOT a sale of 30% of the assets.

Edited by Ocean53 on Thursday 7th October 13:56

rick-derby-

1,105 posts

193 months

Thursday 7th October 2010
quotequote all

williamp

19,485 posts

279 months

Thursday 7th October 2010
quotequote all
some worrying things:

"....Kuwaiti sovereign wealth fund Investment Dar has sold off some of the Warwickshire-based car maker's land and buildings, the distribution rights to sell cars in the Middle East and North Africa and the right to use the name in merchandise such as clothing....

Cue lots more tat for sale in the near future, devaluing the brand


"....The company slashed its spending on research and development by more than half last year, to less than £13m...."

thats virtually zero. JLR spend more then that on R&D in 2 weeks

martinvantage

320 posts

185 months

Thursday 7th October 2010
quotequote all
On that basis no wonder talk with Mercedes re engines and chassis development came to nothing. Prepare for cosmetic upgardes and special editions rather than truly new models for some time. Still holding out for a V12 Roadster though.

MartinV12

216 posts

196 months

Thursday 7th October 2010
quotequote all
13m £ is really not much. No wonder they just produce special edition after special edition...

Guycord

744 posts

179 months

Friday 8th October 2010
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However...

If you think that they are designing, building, developing, testing and selling the whole One-77 production for less than £77 million (assuming they break-even, not make any profit and haven't raided the R&D "piggy-bank" from the good times and when owned by Ford), then there is still hope of new models.

I think chasis development is easy eough for them and a simplified One-77 type chasis for a Vantage or DB9 equivalent with production runs tuned to 2000-3000 cars per year is do-able on that basis. Where they will struggle I think is on engine development - particularly performance/emissions specification. I would be certain they outsource for engines or know-how on this.

No hard facts.....just reasoned argument and opinion.

G

JohnG1

3,485 posts

211 months

Friday 8th October 2010
quotequote all
williamp said:
some worrying things:

"....Kuwaiti sovereign wealth fund Investment Dar has sold off some of the Warwickshire-based car maker's land and buildings, the distribution rights to sell cars in the Middle East and North Africa and the right to use the name in merchandise such as clothing....

Cue lots more tat for sale in the near future, devaluing the brand
Walk past any branch of "Hackett" and see the cr@p they are selling right now....