Aston Martin: First combustion, then electric
IN A LINE With the cash injection from Canadian investor Lawrence Stroll, Aston Martin wants to launch new models with internal combustion engines first. The manufacturer is postponing the production of electric cars. The financially pressured brand of attractive sports cars does have a new investor, but the budget is to be invested in new combustion models - including the SUV DBX - for the time being. [...]
The financially pressured brand of attractive sports cars does have a new investor, but the budget is to be invested in new combustion models - including the SUV DBX - for the time being.
Despite the £182 million investment by Canadian billionaire Lawrence Stroll, the company is postponing the launch of the Lagonda Rapide E electric car from 2022 to 2025. In addition, Aston Martin will have to cut jobs and reduce costs.
V6 engine with hybrid capabilities
But the Valkyrie super sports car with a V12 engine is still to be launched this year. And other new models, vehicles with a mid-engine concept, and a new V6 engine with hybrid capabilities are in development. Lawrence Stroll is to become chairman of Aston Martin's controlling body, and Andy Palmer is to remain CEO.
