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14.12.25 - 08:24
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Sales of high-end cars tumble in China as affordable local brands trump European marques (SCMP)
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Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort.
That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper reaches of the world's largest auto market.
A prolonged property downturn in China has left many consumers with little appetite for big purchases. Meanwhile, the well-to-do are......
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06.10.25 - 09:54
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Aston Martin warns on profits amid US tariffs and seeks ′proactive support′ (The Guardian)
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Carmaker blames weaker demand on Trump policies amid supply chain pressures after Jaguar Land Rover cyber-attackBusiness live – latest updatesAston Martin has blamed Donald Trump's tariffs for a profit warning, as the carmaker urged the UK government to offer more “proactive support”.The company, which manufactures its cars in factories in Warwickshire and south Wales, downgraded its profit outlook on Monday for the second time this year. It said that it now expects to make a larger loss than the £110m loss that was the lower end of its profit forecasts. Continue reading......
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27.11.24 - 14:42
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Aston Martin looks to raise £210m after second profit warning in two months (The Guardian)
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Luxury car maker wants to drive electrification and boost growth by taking on further debt and issuing new sharesBusiness live – latest updatesAston Martin has announced it is looking to raise £210m to help boost growth and drive its electrification strategy, shortly after issuing its second profit warning in two months.The British luxury car manufacturer said it aims to raise £110m through new shares and a further £100m by taking on new debt to “increase its financial resilience”. Continue reading......
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27.11.24 - 09:55
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UK′s Aston Martin at 2-year low on tepid FY24 profit outlook (Reuters EN)
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BUZZ-UK's Aston Martin at 2-year low on tepid FY24 profit outlook ** British luxury carmaker Aston Martin AML.L falls 3% at 104.7 pence, lowest since November 2022 ** Stock among top pct losers on FTSE mid-cap index .FTMC , which is down 0.05% ** Co raises ~111 mln pounds ($140 mln) in equity at 100p, more than 7% discount to last close ** Forecast...
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26.11.24 - 19:46
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Aston Martin expects lower full-year core profit as delivery delays bite (Reuters EN)
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UPDATE 1-Aston Martin expects lower full-year core profit as delivery delays bite Adds details and background in paragraphs 3-7, financing details in paragraph 8 Nov 26 (Reuters) - British luxury carmaker Aston Martin AML.L on Tuesday forecast its annual core profit to fall short of 2023 levels as delivery delays in the ultra-exclusive Valiant models weigh on its margins....
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