Aston Martin has fallen on hard times lately, losing three-quarters of its stock value since 2018. Racing Point F1 team co-owner Lawrence Stroll pledged to invest half a billion GBP into the dying company to keep it afloat – but some projects, like those much-hyped Lagonda EVs, will have to wait three years or longer for implementation.
Depicted in our gallery and the video here is the Aston Martin Lagonda All-Terrain, which the company introduced last year. The company’s South Wales factory was getting ready to begin production in 2022, but the launch was later postponed for 2023. Now, even the latter sounds optimistic.
Aside from the above, the British luxury automaker has recently confirmed the rumors that the Rapide E was also pushed back. This obviously runs afoul of the statement previously made by AM CEO Andy Palmer that complete range electrification was ‘vital’ for the company. That said, the latest reports say that AM plans to produce hybrid cars instead of EVs for the time being.
The British company still has other measures to take to straighten its disastrous financial situation somewhat, such as replacing numerous senior management figures and axing a portion of its personnel.