Submitted by Dependent-Quantity34 t3_z7uv1j in wallstreetbets
Guys, please can someone inform me what happened to aston martin? I just don‘t get it the 20% Mercedes share which is also part of Geely and I assume that Merc is at some point taking over aston…perhaps it‘s not lambo anylonger its instead jason statham, bond and aston?
Just saw a DB9 today at my work. Truly a thing of timeless beauty.
They ordered a fry and frosty.
I hear the exhaust and get a chubby😂
Until you put 500 miles on it and have a 20k repair bill.
If anything mb will make these cars worth a damn. German engineers can perfect these things
Carrera S Cab is my daily driver…3.8 straight 6. It is a beast and I know German engineering is spot on. Having said that, the Aston Martin owners here in SoCal don’t seem to be complaining as they rip down PCH. Maybe they are not as temperamental as your Ferrari?
>Aston Martin has recently been acquired by the luxury car maker, Mercedes-Benz. The company is now a subsidiary of Daimler AG and will be managed in cooperation with Aston's existing shareholders. As part of this acquisition, Mercedes-Benz also owns 20% equity stake in Geely Automobile Holdings which currently controls Aston Martin Lagonda Global Holdings PLC (AML).
The financials are ugly, I don't have any real insights as to why. I do have a standing limit order to buy shares if the price drops further. My thinking:
Unfortunately, the investor in me stays away from Aston with a 10’ pole because they’ve literally always had issues and been tossed around ownership about 5 times in my life alone. As a car lover, I want to see Aston back in the ring with the best in the world on a consistent basis, and more than anything I want a V12 Vanquish from Die Another Day haha.
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This is a good podcast of car guys talking about some of the Aston corporate stuff. I doubt MB is going to buy Aston fully any time soon, especially with all the recession talk in Europe. It’s more of a partnership since Aston doesn’t have the resources to do all their own stuff.
Just like the Ford and Jaguar partnerships in the past. About 20 years ago AM were basically Jaguars with different body panels for twice the price.
Apr 26, 2022 — Under that deal, Mercedes now owns almost 12 percent of Aston Martin, which will increase to 20 percent in 2023.
I just dont get it: Why doesn't the King and Queen of UK invest in Aston Martin and boost UK jobs??????
4troglodyte t1_iy8t7xl wrote
The DB9 is one of the sweetest cars I have EVER driven, but not a Benz fan….I hope they don’t f**k up Aston Martin🙏🏻