Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Aston Martin delays electric ambitions under new CEO Adrian Hallmark

by February 24, 2025
February 24, 2025
Aston Martin delays electric ambitions under new CEO Adrian Hallmark

Aston Martin Lagonda is set to push back its long-held plans for an all-electric range, with new chief executive Adrian Hallmark preparing to announce a revised strategy at the British carmaker’s annual results on Wednesday.

Hallmark, who joined last autumn after leading Bentley Motors, is expected to confirm that Aston Martin remains committed to an electric model, but only “before 2030,” a notable shift from previous targets.

As recently as 2022, executive chairman Lawrence Stroll spoke of producing an electric Aston Martin by 2027, while Hallmark’s predecessor, Amedeo Felisa, inherited a 2025 deadline that gradually slipped over the past two years. The push for an electric relaunch had initially been tied to reviving the Lagonda sub-brand in 2022, plans that have since been scrapped.

Aston Martin’s more cautious timeline echoes wider uncertainty in the sector, particularly after it emerged that BMW is reviewing a £600 million investment in its Mini assembly plant near Oxford due to weaker-than-anticipated demand for electric cars.

Hallmark is the company’s fifth chief executive in five years, and industry observers regard him as key to stabilising both Aston Martin’s finances and its production schedule. Since taking over, he has already issued two profit warnings, secured an additional round of investor funding, and flagged supply-chain misalignments that have hurt the brand’s ability to meet delivery promises. Insiders say Hallmark has considerable experience from his time at Bentley, when it became a highly profitable part of Volkswagen, and suggest he will restructure Aston Martin’s manufacturing operations at Gaydon in Warwickshire and St Athan in south Wales.

The shift also includes questions over how many cars Aston Martin truly needs to produce annually to remain profitable—a previous target of 10,000 vehicles may no longer be compulsory. After releasing or overhauling four models within 12 months, Hallmark is understood to be ruling out any major new models in the near future, favouring consolidation instead.

The company has experienced a dizzying array of fundraisings—share placements, rights issues, and debt issuances—under executive chairman Stroll’s leadership since the ill-fated float in 2018, resulting in roughly £2 billion of equity being injected and another £2 billion in debt raised or restructured. Cumulative losses over that period have surpassed £1.6 billion, and the firm’s net debt remains at £1.2 billion.

Even so, there are signs of hope among investors. Aston Martin’s share price has climbed by 20 per cent in the past month, valuing the company at about £1.1 billion—although this stands well below the £4.33 billion it was worth at the time of its London Stock Exchange debut. One industry observer remarked that “if Adrian Hallmark cannot turn this company round, then no one can.”

Read more:
Aston Martin delays electric ambitions under new CEO Adrian Hallmark

0
FacebookTwitterGoogle +Pinterest
previous post
Trump announces Dan Bongino will be deputy director of the FBI
next post
Ukraine enters fourth year of war with Russia: ‘Closer to the beginning than we are to the end’

You may also like

Why carbon offsetting is crucial for the future...

June 12, 2023

Two Fifths of Britons Lack Basic Financial Literacy,...

July 1, 2024

BYD pulls ahead of Tesla as it surpasses...

March 25, 2025

How to Save Money on your Mortgage in...

February 9, 2023

Labour’s VAT on private school fees set to...

January 3, 2025

Understanding Email Segmentation: Targeting the Right Audience for...

November 20, 2024

Restaurants brace for Reeves’s £25bn tax raid as...

February 18, 2025

Baroness Karren Brady CBE: Childcare is one of...

March 28, 2023

Neko Health co-founded by Spotify chief executive Daniel...

July 6, 2023

Little Christmas cheer as port strikes drag on

October 3, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,570)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved