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Articles about AML and other interesting stuff

  • 1 Nov 2023 6:46 PM | Anonymous member (Administrator)

    Aston Martin Lagonda's third quarter revenue was up 15% to £362.1m, reflecting an 11% increase in average selling price to £234,000. The DB12 production ramp up was temporarily affected by production issues, impacting volumes. Full year volumes are now expected to be around 6,700, down from previous guidance of around 7,000.

    There was an underlying operating loss of £48.4m, a 13% improvement on the same time last year.

    Net debt was broadly flat at £750m as at the end of the period, compared to the start of the year.

    Underlying cash profit margins are still expected to reach around 20% for the full year.

    The shares fell 16.3% following the announcement.

  • 10 Feb 2023 12:23 PM | Anonymous member (Administrator)

    • Five Vantage GT3s to fight for Asian Le Mans Series GT supremacy
    • Bullitt Racing, D’station Racing, TF Sport and Viper NIZA Racing all chasing winner’s automatic entry to the 24 Hours of Le Mans
    • Aston Martin works drivers Jonny Adam, Ross Gunn and Valentin Hasse Clot feature in strong partner team line-ups
    • IMSA GTD title-winning Vantage GT3 on a roll after glorious victory in the Rolex 24 at Daytona

    Thursday 9 February, 2023, Gaydon. Hot off the back of a stunning GTD class victory in the Rolex 24 at Daytona last month, Aston Martin’s ultra-successful, multiple championship-winning Vantage returns to the international motorsport arena for the opening rounds of the 2023 Asian Le Mans Series, which kicks-off at the Dubai Autodrome this weekend.

    No less than five Vantage GT3s, all based on the ultra-luxury British sportscar brand’s critically acclaimed roadgoing version that shares the same aluminium chassis and four-litre V8 turbocharged engine, are entered for the four-race, two-event series in Dubai and then Abu Dhabi’s Yas Marina Circuit the following weekend.

    The quintet of Vantages are prepared by four Aston Martin Racing [AMR] partner teams in attendance, and they will be fully supported by Aston Martin Racing’s Asian regional distributor, Motorsports Services AMR Asia. Spearheading those four teams will be D’station Racing and Viper Niza Racing’s operations. FIA World Endurance Championship LMGTE-Am champions and 24 Hours of Le Mans winner TF Sport has entered two cars (and will assist D’station Racing as it does in WEC), while AMR’s Spanish distributor and team, Bullitt Racing, will make its series debut in Dubai.

    Japanese squad, FIA WEC GTELM Am class front-runner and previous Asian Le Mans Series race-winner D’station Racing, will field its #77 Vantage GT3 for team owner Satoshi Hoshino (JPN), Tomonobu Fujii (JPN), and Charlie Fagg (GBR). Viper Niza Racing meanwhile makes its Aston Martin debut in the Asian Le Mans Series with its regular Thailand Super Series line-up that comprises team owner Douglas Khoo (MAL) and team-mate Dominic Ang (MAL).

    TF Sport returns to the series with its 2023 European Le Mans Series line-up of John Hartshorne (GB), double 24 Hours of Le Mans class winner and works driver Jonny Adam (GB) and reigning FIA WEC GTELM Am vice-champion and 24 Hours of Le Mans winner Henrique Chaves in the #95 Vantage. Joining them in the team is long-time Chinese GT Aston Martin racer David Pun, racing under a Chinese flag, in the #61 car. He will be partnered by IMSA GTD Pro race winner and works driver Ross Gunn (GBR), who raced alongside Pun in the Chinese series in 2019. Adrian Henry D’Silva (MAL) will also drive in the car.

    Bullitt Racing, a 2022 Le Mans Cup front-runner makes its debut in this year’s Asian Le Mans Series and brings with it a very strong driver line-up comprising Martin Berry (CDN), Jacob Riegel (DEU) and works driver Valentin Hasse Clot (FRA).

    Huw Tasker, Head of AMR Partner Racing, said: “Interest from the Asian sector of the motorsport market is growing phenomenally quickly, particularly in GT racing. We know from other areas of international motorsport that Vantage is a highly competitive proposition in the hands of professional drivers, aspiring amateurs and gentleman racers alike and this year’s Asian Le Mans Series is another opportunity for us to prove that is the case. It’s fantastic to see D’station Racing and Viper Niza leading the charge for Aston Martin in the Asian Le Mans Series, and we’re certain that also having very strong entries from TF Sport and Bullitt Racing Vantage is very well represented in Dubai this weekend, and next week in Abu Dhabi.”

    The Asian Le Mans Series will be contested over two consecutive weekends, with the first two four-hours races taking place in Dubai on Saturday, 11 February at 1500 (+4 hours GMT) and Sunday 12 February at 1500 (+4 hours GMT). The final two rounds will take place at the Yas Marina Grand Prix circuit in Abu Dhabi on Saturday 18 February and Sunday 19 February.

    Free practice begins on Friday with GT class qualifying for Round 1 and 2 taking place on Saturday 11 February at 1040 (+4 Hours GMT).

  • 13 Dec 2022 1:32 PM | Anonymous member (Administrator)

     This content is subject to copyright  & reproduced from the official Aston Martin news  

    Aston Martin and TF Sport crowned GTE Am world title winners in Bahrain FIA World Endurance Championship finale

    • TF Sport beat NorthWest AMR to GTE Am world crown in tense finale
    • Aston Martin increases FIA WEC title tally to 11 championships
    • Vantage success story continues with fourth world title in three years
    • Marco Sørensen takes third world title, Ben Keating wins maiden crown

    12 November, 2022, Bahrain International Circuit, Bahrain: The Aston Martin Vantage GTE is a world-beater once again after the British-built racing car clinched the FIA World Endurance Trophies for GTE Am drivers and teams at a dramatic season showdown – the BAPCO 8 Hours of Bahrain.

    Ben Keating (USA) and Marco Sørensen (DEN) were crowned Drivers’ champions with Aston Martin Racing Partner Team TF Sport the Teams’ title winner, having finished fourth in a tense finale. After a season-long rivalry with fellow Partner Team NorthWest AMR, Keating and Sørensen, who were partnered by Henrique Chaves (POR) in Bahrain, eventually triumphed by 23 points.

    This latest brace of world titles caps a spectacular year for the British ultra-luxury brand in sportscar racing as Vantage, powered by a race-developed version of the four-litre, twin turbo-charged V8 engine found in the road car from which it is derived, also clinched its first overall IMSA WeatherTech SportsCar Championship in North America.

    The Heart of Racing won the GTD class of the premium US endurance series last month, with Roman De Angelis in the Vantage GT3 – which also starred at the Nürburgring 24 Hours – while the Vantage GT4 won multiple titles around Europe and the USA.

    Keating and Aston Martin works driver Sørensen began the 8 Hours of Bahrain with a 20-point advantage over NorthWest AMR and its #98 trio of Paul Dalla Lana (CDN), two-time WEC champion Nicki Thiim (DEN) and David Pittard (GBR), with 39 points available.

    Keating qualified second in class and ran a punishing triple-stint at the start of the race, meaning he achieved his minimum drive time at the earliest opportunity and provided the team with the most flexible strategy for the remainder of the race, which finished in darkness.

    This proved the correct decision as the #33 trio – who lost ground thanks to a pair of unfortunately-timed Full-Course Yellow periods immediately after their first two green-flag pitstops – bounced back to finish fourth; enough to clinch the title by 23 points over the NorthWest AMR crew, who came home fifth.

    It is a first FIA world title for Keating and a third for Sørensen, who has claimed all his WEC crowns with Vantage. Chaves finished third in the points - behind the #98 crew of Dalla Lana, Pittard and Thiim – as he was not part of the TF line-up at the Sebring season-opener.

    After a gruelling and hard-fought season, Vantage has been the class of the field in GTE Am with three victories and eight podiums in the six rounds contested, including the Sebring 1000 miles, 24 Hours of Le Mans and the 6 Hours of Fuji.

    It is the second time that Vantage crews have finished first and second in the GTE Am Drivers’ and Teams’ points and rewards TF Sport’s long pursuit of the title; the British team having finished second overall in GTE Am in each of the previous two seasons.

    The result concludes a season of domination by the Vantage GTE, which is based on the four-litre, twin-turbo, front-engined road vehicle, produced at Gaydon, UK.

    Fellow Aston Martin’s Partner Team, D’station Racing, finished 10th in Bahrain thanks to a consistent performance by Japanese drivers Satoshi Hoshino and Tomonobu Fujii, and British WEC rookie Charlie Fagg. The trio, who were another crew to be badly affected by the timing of the first two Full-Course Yellows, gave D’station 10th place in the end-of-season Teams’ standings.

    Marco Sørensen said: “This is a fantastic achievement for all of us. There have been a lot of crucial moments across the year; Le Mans – which I’d never won before – being the biggest; one that’s very special to be able to put on your CV. When it comes to winning a world championship, you must have a group of drivers who can show pace over a whole season and a car that can help them deliver it. We’ve been consistent at most of the races and not made any bad mistakes. That’s how you win in the WEC and we’ve had an outstanding team performance all year to achieve this.”

    Huw Tasker, Head of AMR Partner Racing, said: “Today is an incredible day for Aston Martin and Vantage that wraps up an extraordinary season on the racetrack. Huge congratulations to TF Sport, to Ben Keating and to Marco Sørensen on their World Endurance Championship titles and to NorthWest AMR for their success in the magnificent one-two finish in the GTE Am standings. These latest successes – which take the Vantage GTE to 11 FIA World Endurance titles since the formation of the championship in 2012 – are a testament to not only the production model from which it is derived, but also to the hard work and dedication of our Partner Teams that have worked so hard to achieve the greatest prize in endurance racing. In a year in which the Vantage GT3 has clinched the IMSA WeatherTech SportsCar Championship and the Vantage GT4 has recorded multiple titles around the world, success in WEC GTE Am is the crowning glory and a worthy testament to the performance and durability of a truly great endurance racing car.”

  • 8 Nov 2022 12:13 AM | Anonymous member (Administrator)

    A lot is changing for Aston Martin this coming season. For instance, it is saying goodbye to Vettel, who is leaving Formula 1, and welcoming Fernando Alonso. Together with the Spaniard, the racing stable hopes to achieve the following goal.

    "We want to get to the front of the midfield pack and then start charging ahead," argues McCullough on its official website"We tried to be aggressive as we could this year, but with the budget cap and resources available this has been difficult. There are parts that we would love to have made."

    "For 2023, we've got to put all our ideas and learnings from this year together to deliver a significantly better car. It's all relative though, as every other team will be doing the same. We think the path we're now on is the right one, and we'll be able to iterate our 2023 car to consistently deliver more performance."

  • 2 Nov 2022 2:14 PM | Anonymous member (Administrator)

    Aston Martin shares fell 17% despite reporting higher Q3 revenues.

    • The company’s losses ballooned due to negative FX headwinds.
    • However, the firm’s prospects remain incredibly bullish.

    The Aston Martin Lagonda Global Holdings PLC (LON: AML) share price fell 17% despite reporting that its Q3 revenues surged by 33% to £316 million, driven by higher average selling prices (ASP) of £189,000 compared to Q3 2021’s £148,000 ASP.

    The high prices paid by customers helped offset the lower wholesale unit sales, which fell 4% to 4,060 units for the nine months to 30 September 2022, versus the 4,250 units sold at wholesale prices in a similar period last year.

    While the higher revenues were impressive, Aston Martin shares fell after the ultra-luxury car manufacturer revealed that it had made an operating loss of £148 million, including a £71 million annualised increase in depreciation and amortisation costs.

    Aston Martin’s pretax losses rose to £511 million, driven primarily by a £245 million negative non-cash FX reassessment of its US dollar-denominated debt. The loss was fueled by the British pound’s decline against the dollar.

    Investors were unhappy to see the significant negative impact of the pound’s weakness on the company’s profits, which is expected given that it is a UK-based firm that prices most of its products in British pounds instead of US dollars.

    The ultra-luxury car manufacturer’s capital expenditures rose to £213 million as it worked on new sports vehicle models to be produced starting next year. The company also spent £106 million as part of its working capital outflows bringing its total cash outflows to £336 million.

    Aston Martin noted that due to temporary supply chain and logistics interruptions, it still needed to finish about 400 cars by the end of September, which were awaiting final parts and will be delivered in Q4.

    The company’s prospects are still promising as retail demand for its cars outpaces wholesale demand. With the company investing in its production capacity, it is much closer to meeting its 10,000 wholesale unit sales goal by 2024.

    The company’s new vehicles continued to sell out shortly after launch, including its New V12 Vantage Roadster, New V12 Vantage Coupe and its Ultra-exclusive DBR22, all sold out before they could begin production.

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