Will Aston Martin go under and be sold to Mercedes given cars like the 488 and F12? | FerrariChat

Will Aston Martin go under and be sold to Mercedes given cars like the 488 and F12?

Discussion in 'British' started by ExcelsiorZ, May 9, 2016.

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  1. ExcelsiorZ

    ExcelsiorZ Formula 3
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    I just read Aston Martin's sales plunged and their losses tripled. They are the last standing independent exotic car maker. While their new DB11 looks nice I don't think its particularly stunning. They are now having to deal with a new and ever better Ferrari 488 not to mention the new NSX, the revised R8, a sub $200k carbon tubbed McLaren, all manner of Porsche turbos (regular 911 and "Turbo 911"), AMG GT, etc.

    Mercedes has already taken a 5% stake in AM. Does AM as an independent company have a future? How can it complete with the likes of Ferrari or the VW group's cars (Lamborghini, Bentley, Porsche, Audi) or Acura (NSX) or Lexus (LC 500), etc.?

    Perhaps the future is Aston Martin's built on Mercedes platforms?

    Thoughts?

    The Financial Times: Aston Martin reports near tripling of annual losses

    October 16, 2015

    by: Andy Sharman, Motor Industry Correspondent
    Aston Martin fell further into the red last year as sales declined but the sports car maker insisted its attempt to revive the luxury brand remained on track.
    The Warwickshire manufacturer posted a pre-tax loss of £72m for 2014, almost triple the £25m deficit the year before.
    Coming just a day after the announcement of almost 300 job losses, the accounts — filed recently at Companies House — underline the scale of the challenge facing new chief executive Andy Palmer as he seeks to turn round the privately held company.
    Sales came in at about 3,500 cars last year, less than half the 7,300 registered in 2007 and well down on the 4,200 sold in 2013. Aston was prevented from selling in the world’s biggest car market while authorities investigated a recall caused by defective accelerator pedals.
    Revenues fell 10 per cent to £468m while an operating result swung to an £18m loss versus a profit of £1.5m a year earlier.
     
  2. David_S

    David_S F1 World Champ
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    When was the last time Aston Martin WAS an "independent?" Pitiful FORD owned them from 1994 to 2007 - and stole their grill profile for damn near ever car they made. Love their history, and many of their cars, but I sure wouldn't have called them "independent" for at least a couple decades.

    Have Koenigsegg and McLaren sold out from private ownership? Surely they would qualify as "independent exotic car makers" - each certainly much more exotic than Aston Martin has been for many many years.

    p.s.? Why is this in Ferrari General? Other than the mention of a couple F-cars, it has nothing to do with the marque...
     
  3. ExcelsiorZ

    ExcelsiorZ Formula 3
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    I should have said last of the traditional manufacturers. McLaren is independent as is Keonigsegg but neither have been producing production cars for decades and Chris' company still produces a handful of cars. Ford pitiful? I think they had $1.9 billion dollars in net profits last quarter a book of orders for their Ford GT replacement.

    The point of the post is given advances by most notably Ferrari, for decades the GT competitor with AM, can Aston Martin survive or will it follow in the footsteps of Lamborghini.
     
  4. GuyIncognito

    GuyIncognito Nine Time F1 World Champ
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    post-IPO you could make a claim Ferrari is independent now... ;)

    IIRC ProDrive still owns Aston. their loses are due to an ancient model lineup and luxury sales falling off due to problems in China, oil prices, etc. DB11 should be a boost (although I agree, I don't love it. mostly the roof line/two tone colors)

    I was somewhat surprised that the deal with Mercedes wasn't an outright sale. That would make the most sense. not sure who else would buy them given that relationship, other than some hedge fund that will screw them up.

    btw Ford absolutely saved Aston (and probably Jag and Land Rover too), at huge expense to Ford's bottom line. give them some props.
     
  5. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
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    I have to think TaTa would have an interest....they have done wonders revitalizing Jag, another ex-Ford Brit company.

    AM struggles in the marketplace IMO because they try to straddle the line with supercar pricing but falling short on performance and technology. Beautiful cars inside and out though.

    And yes, Ford screwed them over by stealing their grill.
     
  6. MS250

    MS250 Two Time F1 World Champ
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    TaTa would be the most ideal marriage for AS.
     
  7. ExcelsiorZ

    ExcelsiorZ Formula 3
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    All good points. Pricing on the "ancient model lineup" does not help either. To purchase their V12 vantage roadster decently equipped is nearly $250k!

    I wonder how independent Ferrari really is, noting how Sergio will now just walk in and take over as CEO at Ferrari.
     
  8. Bradwilliams

    Bradwilliams F1 Veteran
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    Didn't know they were in financial trouble? The Vantage V8 was a homerun in my book. They do have a history of overspending for production in order to keep cars as hand-made as they possibly can. Something that I always found endearing :)
     
  9. Townshend

    Townshend F1 Veteran
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    DB11 looks much better in person IMHO. Going forward with Mercedes handling electronics and engines except for the V12's will bring down overhead on AM's part a tremendous amount. They're nearing the point where they'll effectively be a coach builder on a more massive scale than normal.
     
  10. Caeruleus11

    Caeruleus11 F1 World Champ
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    I think they will find a way to hang around. Many people love them.
     
  11. papou

    papou Formula 3
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    Ferrari build cars, Engine, gearbox, and chassis, All the others use components made by
    others, MB use Ilmore and AMG, as do Mclaren, AM powerplant built by Ford in Cologne,
    Porsche has a deal with Yamaha.
    D.
     
  12. TheMayor

    TheMayor Nine Time F1 World Champ
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    When was the last time Aston made MONEY?
     
  13. The Surveyor

    The Surveyor Karting

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    Why is anybody surprised that Aston Martins balance sheet is looking even less heathy after they have just invested massively in their first properly new car in over a decade.

    They have finally put an all-new car out in the public domain that isn't a direct decendent from the DB9 and a car which should take Aston forward for the next decade. Not a budget re-hash for once, a properly new car.

    The DB11 may not appeal to the 'pipe and slippers' old guard Aston owners because of the turbo power but it is absolutely stunning in the flesh and will have the performance to match. Oh and I certainly wouldn't consider the R8 or Honda NSK as a competitor.... That's like comparing a pair of Nike trainers to a pair of brougues....
     
  14. PSk

    PSk F1 World Champ

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    Do they really still make their gearboxes* and chassis nowadays?

    BTW Ferrari did not used to make their chassis (Gilco) and bodies (Pinin Farina, etc.) as we all know.


    Also I thought all new AM models would be Mercedes powered?
    Pete
    * - According to this admittedly Wiki entry the F458, LaFerrari and California use a Getrag transmission: https://en.wikipedia.org/wiki/Dual-clutch_transmission#Getrag
     
  15. JohnnyRay

    JohnnyRay F1 Rookie
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    Here's how I see it:

    First of all, Ford rescued AM back in the 90s, helped push forward the DB7, the 6L V12 and the VH scalable platform on which all Gaydon era/current vehicles are built. Still a relevant platform today.
    AM operates their own engine mfg in Cologne.
    The new twin-turbo 5.2 V12 was designed in house.
    The basis for new turbo V8s will come from AMG
    Electronics will be sourced through Mercedes - likely from their Tier 1s
    AM will develop a hyper car in partnership with Red Bull to compete at the top of the range of exotics.
    The Fusion grille is a similar "tribute" to AM styling. Not a copy. Their is a mutual benefit to both companies as a result.

    The exotic car market will be tough on every manufacturer while the world economy is chilling. Every car manufacturer will refine its sourcing and partnerships. More to come...
     
  16. Countachqv

    Countachqv Formula 3

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    "The Fusion grille is a similar "tribute" to AM styling
    well, you will hear some disagreement there.. the Fusion having AM feature as a tribute? I would like the fusion to stay as far as possible from Aston features. It is caricatural and degrading. what a mockery from Ford. They should know better
     
  17. 4rePhill

    4rePhill F1 Veteran

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    Why? - Is the Fusion (Mondeo in Europe) not an attractive looking family car? - Personally I think it looks great, and over here in Europe it's looks are helping it sell pretty well.

    Aston Martin don't seem to have an issue with Ford's grille (otherwise they would have either taken legal action over it, or at the very least have made a public complaint about it!), so why should others have such an issue with it?

    Some people really do get all het up over the silliest of things!
     
  18. Countachqv

    Countachqv Formula 3

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    I just think that any small family car trying to imitate features of some luxury/exotic car is tacky. What would you think of an exotic trying to imitate a family car? Well actually someone has : the new Maserati levante and I think it is an abortion.
    A family car designer can be creative taking ideas from his own rather than from an higher class of cars. Emulating others is what kit cars are all about I think.
     
  19. noone1

    noone1 F1 Rookie
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    AM has two major problems:

    1. Their internals and performance suck compared to competition, especially looking at price.

    2. Their best designs are squandered on limited production cars. One-77 and Vulcan should be regular series production cars aimed replacing the Vanquish and the V12 Vantage.

    Unless their SUV is a success, I think AM will ultimately fail financially sooner or later.
     
  20. PSk

    PSk F1 World Champ

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    AM is not about performance. AM is about class.

    Even from day one Jaguars, Ferraris, etc. would piss all over AM's performance wise, but AM's had the extra class and snobbery factor. That is why you buy an AM. No other reason.
    Pete
     
  21. JWeiss

    JWeiss F1 Veteran
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    The problem is you no longer have to give up much in class and luxury in order to have the performance.
     
  22. Townshend

    Townshend F1 Veteran
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    This.
     
  23. WCH

    WCH F1 Veteran
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    Just ordered an Aston. Preferred the looks of the Aston, inside and out, to those of the roughly comparable Ferrari - and most of all much preferred dealing with Aston over Ferrari. The Ferrari substantially outperforms the Aston, but I don't care.

    Can't see Aston surviving in its current form, unless the DB11 is a massive success.

    Already a snob, and impossibly classy, so the car won't help me much on those counts. ;)
     
  24. Countachqv

    Countachqv Formula 3

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    right! I would call it class and not snobbery. Many Aston owners are very nice and friendly people, not sobs. I have seen snobs driving Ferraris or maseratis too. These typically know little about the car and dont belong to a club or a forum. The Aston has what a F car does not have and vice versa.
    the aston remain a performing car but not a the F level for the same amount of money spent and that is ok. It is also a "less visible" car on the road and after many years of being gaulked at, it is nice to see a car discreetly appreciated.
     
  25. ginge82

    ginge82 Formula 3

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    I guess it really depends how that loss was born.

    If it was through investment in talent acquisition and technology/future models it can have a positive outcome and may be a sound investment. If its through terrible management and has been squandered away then the future is very dark for the company.
     

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