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After some difficult years, Aston Martin<\/strong> <\/a>is optimistic about 2025. On Tuesday, the British luxury car manufacturer said it would probably exceed its financial targets by 2025<\/strong>.<\/p>\n <\/p>\n Previously, the brand had set a sales target of \u00a32 billion (\u20ac2.3 billion) by 2024-2025.<\/strong><\/p>\n <\/p>\n “The company expects to significantly exceed its financial targets in 2024 and, if the trend continues, should surpass them in 2025”<\/em>, Aston Martin said in a statement.<\/p>\n <\/p>\n At its investor day, the company also revealed its goal of achieving sales of \u00a32.5 billion (\u20ac2.8 billion) by 2027-2028.<\/strong><\/p>\n <\/p>\n Since its failed flotation on the London Stock Exchange at the end of 2018<\/strong>, Aston Martin has suffered numerous setbacks. Saved from bankruptcy in early 2020<\/strong> by Canadian billionaire Lawrence Stroll<\/strong>, the company is now looking to position itself as even more upmarket and begin its transition to electrification.<\/p>\n <\/p>\n The brand, which plans to launch its first plug-in hybrid vehicle<\/strong> next year, has plans to incorporate an electric powertrain option on all new models by 2026<\/strong>.<\/p>\n <\/p>\n <\/p>\n This news comes after the British luxury carmaker announced on Monday a “supply agreement”<\/em> with Lucid<\/strong>, the American-Saudi manufacturer, which aims to create “ultra-luxury, high-performance”<\/em> electric vehicles. The announcement had led to a 10%<\/strong> rise in Aston Martin’s share price on the London Stock Exchange on Monday morning.<\/p>\n <\/p>\n According to the agreement submitted to Aston Martin shareholders for approval, Lucid will supply the automaker with electric drive systems and batteries. The deal is for a total payment of around $232 million (\u20ac211 million)<\/strong>, part of which will be paid in shares in the British group, representing 3.7%<\/strong> of the free float.<\/p>\n <\/p>\n Lawrence Stroll declared that the agreement with Lucid would give Aston Martin “access to the most advanced and innovative technologies in the industry”<\/em>. He added: “With Mercedes-Benz<\/strong>, our other partner, we now have two world-class suppliers to support the internal development and investments we are making to implement our electrification strategy.”<\/em><\/p>\n <\/p>\n In May, Aston Martin also announced a partnership with Chinese automotive group Geely<\/strong><\/a>, which invested \u00a3234 million (\u20ac273 million)<\/strong> and became the group’s third-largest shareholder, after Saudi Arabia’s Public Investment Fund<\/strong> and the Yew Tree<\/strong> consortium headed by Lawrence Stroll, the main shareholder.<\/p>\n <\/p>\n At the beginning of May, Aston Martin announced a reduction in its first-quarter losses<\/a> to 73.8 million pounds (86 million euros)<\/strong>, compared with 112 million pounds<\/strong> a year earlier, mainly thanks to a positive exchange rate effect.<\/p>\n <\/p>\n <\/p>\n Read also >Aston Martin presents its new model<\/a><\/p>\n Featured photo : \u00a9 Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n After some difficult years, Aston Martin<\/strong> <\/a>is optimistic about 2025. On Tuesday, the British luxury car manufacturer said it would probably exceed its financial targets by 2025<\/strong>.<\/p>\n <\/p>\n Previously, the brand had set a sales target of \u00a32 billion (\u20ac2.3 billion) by 2024-2025.<\/strong><\/p>\n <\/p>\n “The company expects to significantly exceed its financial targets in 2024 and, if the trend continues, should surpass them in 2025”<\/em>, Aston Martin said in a statement.<\/p>\n <\/p>\n At its investor day, the company also revealed its goal of achieving sales of \u00a32.5 billion (\u20ac2.8 billion) by 2027-2028.<\/strong><\/p>\n <\/p>\n Since its failed flotation on the London Stock Exchange at the end of 2018<\/strong>, Aston Martin has suffered numerous setbacks. Saved from bankruptcy in early 2020<\/strong> by Canadian billionaire Lawrence Stroll<\/strong>, the company is now looking to position itself as even more upmarket and begin its transition to electrification.<\/p>\n <\/p>\n The brand, which plans to launch its first plug-in hybrid vehicle<\/strong> next year, has plans to incorporate an electric powertrain option on all new models by 2026<\/strong>.<\/p>\n <\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n Already have an account ? Please log in<\/a>.<\/strong><\/p>\n [\/vc_cta][vc_column_text]Featured photo : \u00a9 Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]<\/p>\n <\/p>\nAgreement with Lucid<\/h2>\n
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British luxury carmaker Aston Martin Lagonda announced on Tuesday that it “should exceed” its financial targets in 2025. This comes on the heels of a deal with American-Saudi electric vehicle manufacturer Lucid that has boosted its share price.<\/h4>\n
Agreement with Lucid<\/h2>\n
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British luxury carmaker Aston Martin Lagonda announced on Tuesday that it “should exceed” its financial targets in 2025. This comes on the heels of a deal with American-Saudi electric vehicle manufacturer Lucid that has boosted its share price.<\/h4>\n