Aston Martin’s hopes for revival could ride on the Valkyrie
The chief executive of Aston Martin, Tobias Moers, has said he believes the company has “everything in place to become one of the greatest luxury car brands in the world” following a refinancing package at the end of October.
The package includes options for German group Daimler to increase its stake in Aston Martin to 20% by 2023. Its closer relationship with Daimler will also give it access to new technology, for example for making hybrid and electric vehicles.
Mr Moers said this would enable Aston Martin “to continue designing, engineering and manufacturing the most beautiful cutting-edge cars across the world”.
To turn around a loss-making performance, the company has said that it plans to produce between 9,000 and 10,000 vehicles per year by 2025, compared to current levels of under 6,000. It said it would move into the more profitable segment of mid-engine cars by transforming Formula One technology into its road car business.
It will start to deliver a new model called the Valkyrie from the second half of next year and has said the car will serve “as ambassador for our mid-engine programme”.
