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Aston Martin increases deliveries and profit in 2013

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Aston Martin increases deliveries and profit in 2013

The British sports brand, which in 2013 also announced a much needed technological deal with Daimler, has just released its 2013 financial results – and things are looking bright.

With the automaker celebrating 100 years in 2013, it managed to increase its deliveries by 11% to around 4,200 units globally, while the profit tally stood at £84.8 million (around $142.6 million), which is an even healthier increase of 22% over the same period in 2012.

“We will, in the next few years, be implementing the biggest investment program in our 101-year history,” Aston Martin CFO Hanno Kirner said in a statement.

The cash comes from the profit it made last year, a recent bond it secured and further investment from the owners. This would allow the brand to underpin a completely new technical platform that would be used for the next generation of sports cars, as the aging VH platform dates back to the 2000s – although it has been continuously updated.

The second part of the program relates to the Daimler deal, which would see Aston getting engines and electrical systems from Mercedes-AMG, which means the British would source the next V8 engine from there. For the moment, the current V12 would continue to be sourced from Ford in the near and medium term future.

Via Motor Authority

by Aurel Niculescu (my Google+) - Tuesday, April 29th, 2014 - filed under Aston Martin, Industry, News, Sales Reports. Image credit: .
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