autocar-logo
Delhi

Aston Martin announces biggest ever investment programme

Announcement follows a huge leap in 2013 sales figures.
1 min read29 Apr '14
Staff WriterStaff Writer
Aston Martin has recently revealed its gross profit for 2013 at about 167.1 pounds, however, its operating profit was only 1.5 million pounds. Keeping these slim margins in mind, the carmaker has raised about 100 million pounds to help it develop the next-generation VH platform.
 
The British sports carmaker saw a huge leap in its sales figures for 2013. Company’s sales jumped by 11% to around 4,200 units sold in 2013. Its annual revenue also rose 13 percent to 519 million pounds in the year ending December 31st.
 
Our sister magazine Autocar UK has said that it understands that the ‘completely new’ VH platform will be engineered to use electrical and electronic system developed by Mercedes. Mercedes’ owner Daimler has a five percent share in Aston-Martin.
 
Aston Martin’s chief financial officer Hanno Kirner said that the company was embarking on "the biggest investment programme in the 101-year history of the brand…"
 
Kirner said that Aston and Mercedes would be completing "shared development of world-class bespoke V8 powertrains". 

Maruti to continue discounts across range

The automobile industry has been in a limbo for the last one year
1 min read29 Apr '14
Staff WriterStaff Writer

Next-gen Volkswagen Passat sedan spied in China

Volkswagen's next-generation Passat, known internally as the B8, has been revealed in spy pics from China
2 min read29 Apr '14
Staff WriterStaff Writer

Ford Endeavour facelift launched at Rs 19.83 lakh

Ford has launched the 2014 Endeavour SUV here
1 min read29 Apr '14
Staff WriterStaff Writer

Hyundai Eon 1.0-litre vs rivals: Features comparison

Hyundai has plonked a bigger 1
3 min read29 Apr '14
Staff WriterStaff Writer

Mumbai-Pune expressway study reveals startling safety statistics

Non-usage of seat belts were, at least in part, responsible for as much as 46 percent of serious to fatal road accident injuries on the Mumbai-Pune expressway between October 2012 and October 2013
2 min read29 Apr '14
Nikhil BhatiaNikhil Bhatia
Aston Martin announces biggest ever investment programme - Introduction | Autocar India