Quote:
Originally Posted by joeb
Did I miss something about Aston ending their program? I understand the company may be missing their financial targets, but has there been any word on their racing activities?
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Nothing about their racing activities but AMR continues to generate
very unflattering stories in the financial press. It's more than merely missing financial targets. The company's stock has
lost three-quarters of its value, it has gobs of debt and doesn't generate a lot of cash flow, and its management's credibility is repeatedly being called into question.
As an example, there's a Bloomberg analysis piece out today titled “
Aston Martin Thought It Had Won The Lottery.” Seems that Aston Martin almost certainly won't be getting the £20 million it had previously booked as income for the tooling and design drawings for the Vanquish. And £20 million is a lot on money for Aston Martin.
The company clearly has major issues. In those circumstances, it's not unreasonable to wonder about the future of Aston Martin's racing efforts in general and its hypercar program in particular.