Aston Martin

1908

The first car to be named Aston Martin was created by Martin by fitting a four-cylinder Coventry-Simplex engine to the chassis of a 1908 Isotta Fraschini. They acquired premises at Henniker Mews in Kensington and produced their first car in March 1915.

1913

Its predecessor was founded in 1913 by Lionel Martin and Robert Bamford.

The Aston Martin brand is increasingly being used, mostly through licensing, on other products including a submarine, real estate development, and aircraft. == History == ===Founding=== Aston Martin was founded in 1913 by Lionel Martin and Robert Bamford.

1914

Three works Team Cars with 16-valve twin cam engines were built for racing and record-breaking: chassis number 1914, later developed as the Green Pea; chassis number 1915, the Razor Blade record car; and chassis number 1916, later developed as the Halford Special. Approximately 55 cars were built for sale in two configurations; long chassis and short chassis.

1915

The first car to be named Aston Martin was created by Martin by fitting a four-cylinder Coventry-Simplex engine to the chassis of a 1908 Isotta Fraschini. They acquired premises at Henniker Mews in Kensington and produced their first car in March 1915.

Three works Team Cars with 16-valve twin cam engines were built for racing and record-breaking: chassis number 1914, later developed as the Green Pea; chassis number 1915, the Razor Blade record car; and chassis number 1916, later developed as the Halford Special. Approximately 55 cars were built for sale in two configurations; long chassis and short chassis.

1916

Three works Team Cars with 16-valve twin cam engines were built for racing and record-breaking: chassis number 1914, later developed as the Green Pea; chassis number 1915, the Razor Blade record car; and chassis number 1916, later developed as the Halford Special. Approximately 55 cars were built for sale in two configurations; long chassis and short chassis.

1920

Bamford left in 1920 and Bamford & Martin was revitalised with funding from Count Louis Zborowski.

1922

In 1922, Bamford & Martin produced cars to compete in the French Grand Prix, which went on to set world speed and endurance records at Brooklands.

1924

Bamford & Martin went bankrupt in 1924 and was bought by Dorothea, Lady Charnwood who put her son John Benson on the board.

1925

Bamford & Martin got into financial difficulty again in 1925 and Martin was forced to sell the company (Bamford had already left). Later that year, Bill Renwick, Augustus (Bert) Bertelli and investors including Lady Charnwood took control of the business.

1926

The only "Renwick and Bertelli" motor car made, it was known as "Buzzbox" and still survives. The pair had planned to sell their engine to motor manufacturers, but having heard that Aston Martin was no longer in production realised they could capitalise on its reputation to jump-start the production of a completely new car. Between 1926 and 1937 Bertelli was both technical director and designer of all new Aston Martins, since known as "Bertelli cars".

1932

The "LM" team cars were very successful in national and international motor racing including at Le Mans. Financial problems reappeared in 1932.

1936

In 1936, Aston Martin decided to concentrate on road cars, producing just 700 until World War II halted work.

1937

The only "Renwick and Bertelli" motor car made, it was known as "Buzzbox" and still survives. The pair had planned to sell their engine to motor manufacturers, but having heard that Aston Martin was no longer in production realised they could capitalise on its reputation to jump-start the production of a completely new car. Between 1926 and 1937 Bertelli was both technical director and designer of all new Aston Martins, since known as "Bertelli cars".

1947

Steered from 1947 by David Brown, it became associated with expensive grand touring cars in the 1950s and 1960s, and with the fictional character James Bond following his use of a DB5 model in the 1964 film Goldfinger.

Production shifted to aircraft components during the war. === 1947–1972: David Brown === In 1947, old-established (1860) privately owned Huddersfield gear and machine tools manufacturer David Brown Limited bought Aston Martin putting it under control of its Tractor Group.

1950

Steered from 1947 by David Brown, it became associated with expensive grand touring cars in the 1950s and 1960s, and with the fictional character James Bond following his use of a DB5 model in the 1964 film Goldfinger.

Aston Martin began to build the classic "DB" series of cars. In April 1950, they announced planned production of their Le Mans prototype to be called the DB2, followed by the DB2/4 in 1953, the DB2/4 MkII in 1955, the DB Mark III in 1957 and the Italian-styled 3.7 L DB4 in 1958. While these models helped Aston Martin establish a good racing pedigree, the DB4 stood out and yielded the famous DB5 in 1963.

1953

Aston Martin began to build the classic "DB" series of cars. In April 1950, they announced planned production of their Le Mans prototype to be called the DB2, followed by the DB2/4 in 1953, the DB2/4 MkII in 1955, the DB Mark III in 1957 and the Italian-styled 3.7 L DB4 in 1958. While these models helped Aston Martin establish a good racing pedigree, the DB4 stood out and yielded the famous DB5 in 1963.

1954

Aston stayed true to its grand touring style with the DB6 (1965–70), and DBS (1967–1972). The six-cylinder engines of these cars from 1954 up to 1965 were designed by Tadek Marek. === 1972–1975: William Willson === Aston Martin was often financially troubled.

1955

Aston Martin began to build the classic "DB" series of cars. In April 1950, they announced planned production of their Le Mans prototype to be called the DB2, followed by the DB2/4 in 1953, the DB2/4 MkII in 1955, the DB Mark III in 1957 and the Italian-styled 3.7 L DB4 in 1958. While these models helped Aston Martin establish a good racing pedigree, the DB4 stood out and yielded the famous DB5 in 1963.

It was decided to use a trade name of Salmons & Son, their in-house coachbuilder, Tickford, which Aston Martin had bought in 1955.

The promotion was so successful Aston Martin opened dealerships in Shanghai and Beijing within three months. On 19 July 2007, the Newport Pagnell plant rolled out the last of nearly 13,000 cars made there since 1955, a Vanquish S.

1956

In March 2021, chairman Lawrence Stroll stated that the company plans on building electric vehicles by 2025. === Notable events === In August 2017, a 1956 Aston Martin DBR1/1 sold at a Sotheby's auction at the Pebble Beach, California Concours d'Elegance for US$22,550,000, which made it the most expensive British car ever sold at an auction, according to Sotheby's.

1957

Aston Martin began to build the classic "DB" series of cars. In April 1950, they announced planned production of their Le Mans prototype to be called the DB2, followed by the DB2/4 in 1953, the DB2/4 MkII in 1955, the DB Mark III in 1957 and the Italian-styled 3.7 L DB4 in 1958. While these models helped Aston Martin establish a good racing pedigree, the DB4 stood out and yielded the famous DB5 in 1963.

1958

Aston Martin began to build the classic "DB" series of cars. In April 1950, they announced planned production of their Le Mans prototype to be called the DB2, followed by the DB2/4 in 1953, the DB2/4 MkII in 1955, the DB Mark III in 1957 and the Italian-styled 3.7 L DB4 in 1958. While these models helped Aston Martin establish a good racing pedigree, the DB4 stood out and yielded the famous DB5 in 1963.

1960

Steered from 1947 by David Brown, it became associated with expensive grand touring cars in the 1950s and 1960s, and with the fictional character James Bond following his use of a DB5 model in the 1964 film Goldfinger.

1963

Aston Martin began to build the classic "DB" series of cars. In April 1950, they announced planned production of their Le Mans prototype to be called the DB2, followed by the DB2/4 in 1953, the DB2/4 MkII in 1955, the DB Mark III in 1957 and the Italian-styled 3.7 L DB4 in 1958. While these models helped Aston Martin establish a good racing pedigree, the DB4 stood out and yielded the famous DB5 in 1963.

1964

Steered from 1947 by David Brown, it became associated with expensive grand touring cars in the 1950s and 1960s, and with the fictional character James Bond following his use of a DB5 model in the 1964 film Goldfinger.

1965

Aston stayed true to its grand touring style with the DB6 (1965–70), and DBS (1967–1972). The six-cylinder engines of these cars from 1954 up to 1965 were designed by Tadek Marek. === 1972–1975: William Willson === Aston Martin was often financially troubled.

1970

At the end of the 1970s, there was widespread debate about running MG into the Aston Martin consortium.

1972

Aston stayed true to its grand touring style with the DB6 (1965–70), and DBS (1967–1972). The six-cylinder engines of these cars from 1954 up to 1965 were designed by Tadek Marek. === 1972–1975: William Willson === Aston Martin was often financially troubled.

In 1972, David Brown paid off all its debts, said to be £5 million or more, and handed it for £101 to Company Developments, a Birmingham-based investment bank consortium chaired by accountant William Willson.

1974

The worldwide recession, lack of working capital and the difficulties of developing an engine to meet California's exhaust emission requirements – it stopped the company's US sales – again pulled Aston Martin into receivership at the end of 1974.

1975

The company had employed 460 workers when the manufacturing plant closed. === 1975–1981: Sprague and Curtis === The receiver sold the business in April 1975 for £1.05 million to North American businessmen Peter Sprague of National Semiconductor, Toronto hotelier George Minden, and Jeremy Turner, a London businessman, who insisted to reporters Aston Martin remained a British controlled business.

At this point, he and Minden had brought in investor, Alan Curtis, a British office property developer together with George Flather, a retired Sheffield steel magnate. Six months later, in September 1975, the factory – shut-down the previous December – re-opened under its new owner as Aston Martin Lagonda Limited with 100 employees and plans to lift staff to 250 by the end of 1975.

1976

In January 1976, AML revealed that it now held orders for 150 cars for the US, 100 for other markets and another 80 from a Japanese importing agency.

1977

At the Geneva Motor Show, Fred Hartley, managing director and sales director for 13 years before that, announced he had resigned over "differences in marketing policy". The new owners pushed Aston Martin into modernising its line, introducing the V8 Vantage in 1977, the convertible Volante in 1978, and the one-off Bulldog styled by William Towns in 1980.

1978

At the Geneva Motor Show, Fred Hartley, managing director and sales director for 13 years before that, announced he had resigned over "differences in marketing policy". The new owners pushed Aston Martin into modernising its line, introducing the V8 Vantage in 1977, the convertible Volante in 1978, and the one-off Bulldog styled by William Towns in 1980.

1980

At the Geneva Motor Show, Fred Hartley, managing director and sales director for 13 years before that, announced he had resigned over "differences in marketing policy". The new owners pushed Aston Martin into modernising its line, introducing the V8 Vantage in 1977, the convertible Volante in 1978, and the one-off Bulldog styled by William Towns in 1980.

But in July 1980, blaming a recession, AML cut back their workforce of 450 by more than 20% making those people redundant. === 1981–1987: Victor Gauntlett === In January 1981, there having been no satisfactory revival partners, Alan Curtis and Peter Sprague announced they had never intended to maintain a long-term financial stake in Aston Martin Lagonda and it was to be sold to Pace Petroleum's Victor Gauntlett.

Sprague and Curtis pointed out that under their ownership AML finances had improved to where an offer for MG might have been feasible. Gauntlett bought a 12.5% stake in Aston Martin for £500,000 via Pace Petroleum in 1980, with Tim Hearley of CH Industrials taking a similar share.

1981

But in July 1980, blaming a recession, AML cut back their workforce of 450 by more than 20% making those people redundant. === 1981–1987: Victor Gauntlett === In January 1981, there having been no satisfactory revival partners, Alan Curtis and Peter Sprague announced they had never intended to maintain a long-term financial stake in Aston Martin Lagonda and it was to be sold to Pace Petroleum's Victor Gauntlett.

Pace and CHI took over as joint 50/50 owners at the beginning of 1981, with Gauntlett as executive chairman.

1982

Aston Martin has held a Royal Warrant as purveyor of motorcars to the Prince of Wales since 1982, and has over 160 car dealerships in 53 countries, making it a global automobile brand.

Gauntlett also led the sales team, and after some development and publicity when the Lagonda became the world's fastest four-seater production car, was able to sell the car in Oman, Kuwait, and Qatar. In 1982, Aston Martin was granted a Royal Warrant of Appointment by the Prince of Wales. Understanding that it would take some time to develop new Aston Martin products, they created an engineering service subsidiary to develop automotive products for other companies.

Pace continued sponsoring racing events, and now sponsored all Aston Martin Owners Club events, taking a Tickford-engined Nimrod Group C car owned by AMOC President Viscount Downe, which came third in the Manufacturers Championship in both 1982 and 1983.

It also finished seventh in the 1982 24 Hours of Le Mans race.

However, sales of production cars were now at an all-time low of 30 cars produced in 1982. As trading became tighter in the petroleum market, and Aston Martin was requiring more time and money, Gauntlett agreed to sell Hays/Pace to the Kuwait Investment Office in September 1983.

1983

Pace continued sponsoring racing events, and now sponsored all Aston Martin Owners Club events, taking a Tickford-engined Nimrod Group C car owned by AMOC President Viscount Downe, which came third in the Manufacturers Championship in both 1982 and 1983.

However, sales of production cars were now at an all-time low of 30 cars produced in 1982. As trading became tighter in the petroleum market, and Aston Martin was requiring more time and money, Gauntlett agreed to sell Hays/Pace to the Kuwait Investment Office in September 1983.

1984

In 1984, Papanicolaou's Titan shipping business was in trouble so Livanos's father George bought out the Papanicolaou's shares in ALL, while Gauntlett again became a shareholder with a 25% holding in AML.

1986

The deal valued Aston Martin/AML at £2 million, the year it built its 10,000th car. Although as a result Aston Martin had to make 60 members of the workforce redundant, Gauntlett bought a stake in Italian styling house Zagato, and resurrected its collaboration with Aston Martin. In 1986, Gauntlett negotiated the return of the fictional British secret agent James Bond to Aston Martin.

1987

Gauntlett turned down the role of a KGB colonel in the film, however: "I would have loved to have done it but really could not afford the time." === 1987–2007: Ford Motor Company === As Aston Martin needed funds to survive in the long term, Ford bought a 75% stake in the company in 1987, and bought the rest later.

Despite problems over the previous acquisition of AC Cars, Hayes saw the potential of the brand and the discussion resulted in Ford taking a share holding in September 1987.

1988

In 1988, having produced some 5,000 cars in 20 years, a revived economy and successful sales of limited edition Vantage, and 52 Volante Zagato coupés at £86,000 each; Aston Martin finally retired the ancient V8 and introduced the Virage range. Although Gauntlett was contractually to stay as chairman for two years, his racing interests took the company back into sports car racing in 1989 with limited European success.

1989

In 1988, having produced some 5,000 cars in 20 years, a revived economy and successful sales of limited edition Vantage, and 52 Volante Zagato coupés at £86,000 each; Aston Martin finally retired the ancient V8 and introduced the Virage range. Although Gauntlett was contractually to stay as chairman for two years, his racing interests took the company back into sports car racing in 1989 with limited European success.

1990

However, with engine rule changes for the 1990 season and the launch of the new Volante model, Ford provided the limited supply of Cosworth engines to the Jaguar cars racing team.

1991

As the entry-level DB7 would require a large engineering input, Ford agreed to take full control of Aston Martin, and Gauntlett handed over Aston Martin's chairmanship to Hayes in 1991.

1992

In 1992, the high-performance variant of the Virage called the Vantage was announced, and the following year Aston Martin renewed the DB range by announcing the DB7. Ford placed Aston Martin in the Premier Automotive Group, invested in new manufacturing and ramped up production.

1994

In 1994, Ford opened a new factory at Banbury Road in Bloxham to manufacture the DB7.

1995

In 1995, Aston Martin produced a record 700 cars.

1998

In 1998, the 2,000th DB7 was built, and in 2002, the 6,000th, exceeding production of all of the previous DB series models.

1999

The DB7 range was revamped by the addition of more powerful V12 Vantage models in 1999, and in 2001, Aston Martin introduced the V12-engined flagship model called the Vanquish which succeeded the aging Virage (now called the V8 Coupé). At the North American International Auto Show in Detroit, Michigan in 2003, Aston Martin introduced the AMV8 Vantage concept car.

2001

The DB7 range was revamped by the addition of more powerful V12 Vantage models in 1999, and in 2001, Aston Martin introduced the V12-engined flagship model called the Vanquish which succeeded the aging Virage (now called the V8 Coupé). At the North American International Auto Show in Detroit, Michigan in 2003, Aston Martin introduced the AMV8 Vantage concept car.

2002

In 1998, the 2,000th DB7 was built, and in 2002, the 6,000th, exceeding production of all of the previous DB series models.

2003

In 2003 it received the Queen's Award for Enterprise for outstanding contribution to international trade.

The DB7 range was revamped by the addition of more powerful V12 Vantage models in 1999, and in 2001, Aston Martin introduced the V12-engined flagship model called the Vanquish which succeeded the aging Virage (now called the V8 Coupé). At the North American International Auto Show in Detroit, Michigan in 2003, Aston Martin introduced the AMV8 Vantage concept car.

Also introduced in 2003 was the DB9 coupé, which replaced the ten-year-old DB7.

This expanded engine capacity allowed the entry-level V8 Vantage sports car to enter production at the Gaydon factory in 2006, joining the DB9 and DB9 Volante. In December 2003, Aston Martin announced it would return to motor racing in 2005.

2004

A convertible version of the DB9, the DB9 Volante, was introduced at the 2004 Detroit auto show. In October 2004, Aston Martin set up the dedicated AMEP engine production plant within the Ford Germany Niehl, Cologne plant.

2005

Expected to have few changes before its introduction in 2005, the Vantage brought back the classic V8 engine to allow Aston Martin to compete in a larger market.

This expanded engine capacity allowed the entry-level V8 Vantage sports car to enter production at the Gaydon factory in 2006, joining the DB9 and DB9 Volante. In December 2003, Aston Martin announced it would return to motor racing in 2005.

2006

This expanded engine capacity allowed the entry-level V8 Vantage sports car to enter production at the Gaydon factory in 2006, joining the DB9 and DB9 Volante. In December 2003, Aston Martin announced it would return to motor racing in 2005.

The DBR9 competes in the GT class in sports car races, including the world-famous 24 Hours of Le Mans. In 2006, an internal audit led Ford to consider divesting itself of parts of its Premier Automotive Group.

After suggestions of selling Jaguar Cars, Land Rover, or Volvo Cars were weighed, Ford announced in August 2006 it had engaged UBS AG to sell all or part of Aston Martin at auction. === 2007–2018: Private Limited Company === On 12 March 2007, a consortium led by Prodrive chairman David Richards purchased Aston Martin for £475 million (US$848 million).

2007

After suggestions of selling Jaguar Cars, Land Rover, or Volvo Cars were weighed, Ford announced in August 2006 it had engaged UBS AG to sell all or part of Aston Martin at auction. === 2007–2018: Private Limited Company === On 12 March 2007, a consortium led by Prodrive chairman David Richards purchased Aston Martin for £475 million (US$848 million).

Ford kept a stake in Aston Martin valued at £40 million (US$70 million). To demonstrate the V8 Vantage's durability across hazardous terrain and promote the car in China, the first east–west crossing of the Asian Highway was undertaken between June and August 2007.

The promotion was so successful Aston Martin opened dealerships in Shanghai and Beijing within three months. On 19 July 2007, the Newport Pagnell plant rolled out the last of nearly 13,000 cars made there since 1955, a Vanquish S.

In total, Aston Martin will add 10,000 square-meters (107,639 square-feet) to the plant. In 2014, Aston Martin suffered a pre-tax loss of £72 million, almost triple of the amount of 2013 selling 3,500 cars during the year, well below the 7,300 cars sold in 2007 and 4,200 sold in 2013 respectively.

2008

In March 2008, Aston Martin announced a partnership with Magna Steyr to outsource manufacture of over 2,000 cars annually to Graz, Austria, reassuringly stating: "The continuing growth and success of Aston Martin is based upon Gaydon as the focal point and heart of the business, with the design and engineering of all Aston Martin products continuing to be carried out there." More dealers in Europe and the new pair in China brought the total to 120 in 28 countries.

On 1 September 2008, Aston Martin announced the revival of the Lagonda marque, proposing a concept car to be shown in 2009 to coincide with the brand's 100th anniversary.

In December 2008, Aston Martin announced it would cut its workforce from 1,850 to 1,250 due to the economic recession. The first four-door Rapide grand tourers rolled out of the Magna Steyr factory in Graz, Austria in 2010.

2009

On 1 September 2008, Aston Martin announced the revival of the Lagonda marque, proposing a concept car to be shown in 2009 to coincide with the brand's 100th anniversary.

2010

In December 2008, Aston Martin announced it would cut its workforce from 1,850 to 1,250 due to the economic recession. The first four-door Rapide grand tourers rolled out of the Magna Steyr factory in Graz, Austria in 2010.

2011

In September 2011, it was announced that production of the Rapide would be returned to Gaydon in the second half of 2012, restoring all of the company's automobile manufacture there. Italian private equity fund Investindustrial signed a deal on 6 December 2012 to buy a 37.5% stake in Aston Martin, investing £150 million as a capital increase.

In March 2014, Aston Martin issued "payment in kind" notes of US$165 million, at 10.25% interest, in addition to the £304 million of senior secured notes at 9.25% issued in 2011.

2012

The first production cars were slated for production in 2012.

In September 2011, it was announced that production of the Rapide would be returned to Gaydon in the second half of 2012, restoring all of the company's automobile manufacture there. Italian private equity fund Investindustrial signed a deal on 6 December 2012 to buy a 37.5% stake in Aston Martin, investing £150 million as a capital increase.

This was confirmed by Aston Martin in a press release on 7 December 2012.

2013

David Richards left Aston Martin in 2013, returning to concentrate on Prodrive. In April 2013, it was reported that Dr.

In total, Aston Martin will add 10,000 square-meters (107,639 square-feet) to the plant. In 2014, Aston Martin suffered a pre-tax loss of £72 million, almost triple of the amount of 2013 selling 3,500 cars during the year, well below the 7,300 cars sold in 2007 and 4,200 sold in 2013 respectively.

2017 also marked the return of production of the Newport Pagnell facility ten years after it originally ceased. === 2013–present: Partnership with Daimler AG === In 2013, Aston Martin signed a deal with Daimler AG, which owned a 5% stake in Aston Martin, to supply the next generation of Aston Martin cars with Mercedes-AMG engines.

2014

On 2 September 2014, Aston Martin announced it had appointed the Nissan executive Andy Palmer as the new CEO with Ulrich Bez retaining a position as non-executive chairman.

In total, Aston Martin will add 10,000 square-meters (107,639 square-feet) to the plant. In 2014, Aston Martin suffered a pre-tax loss of £72 million, almost triple of the amount of 2013 selling 3,500 cars during the year, well below the 7,300 cars sold in 2007 and 4,200 sold in 2013 respectively.

In March 2014, Aston Martin issued "payment in kind" notes of US$165 million, at 10.25% interest, in addition to the £304 million of senior secured notes at 9.25% issued in 2011.

2015

As sales had been declining from 2015, Aston Martin sought new customers (particularly wealthy female buyers) with introducing concept cars like the DBX SUV along with track focused cars like the Vulcan.

2016

It was reported that Aston Martin's pre-tax losses for 2016 increased by 27% to £162.8 million, the sixth year it continued to suffer a loss. In 2016, the company selected a 36-hectare (90-acre) site in St Athan, South Wales for its new factory.

The company made a pre-tax profit of £87 million compared with a £163 million loss in 2016.

The first model to sport the Mercedes-Benz technology was the DB11, announced at the 2016 Geneva Motor Show which also has Mercedes-Benz electronics for the entertainment, navigation and other systems.

In September 2016, a 37-foot-long Aston Martin speedboat was unveiled called the Aston Martin AM37 powerboat.

2017

Construction work of converting the hangars commenced in 2017.

Aston Martin returned to profit in 2017 after selling over 5,000 cars.

The 2018 V8 Vantage, unveiled in late 2017, employed a Mercedes-Benz twin-turbocharged V8 engine and infotainment systems.

In March 2021, chairman Lawrence Stroll stated that the company plans on building electric vehicles by 2025. === Notable events === In August 2017, a 1956 Aston Martin DBR1/1 sold at a Sotheby's auction at the Pebble Beach, California Concours d'Elegance for US$22,550,000, which made it the most expensive British car ever sold at an auction, according to Sotheby's.

In September 2017, Aston Martin announced that they had partnered with submarine building company Triton Submarines to build a submarine called Project Neptune.

2018

The 2018 V8 Vantage, unveiled in late 2017, employed a Mercedes-Benz twin-turbocharged V8 engine and infotainment systems.

The company was the subject of an initial public offering on the London Stock Exchange on 3 October 2018.

2019

In June 2019, Aston Martin opened its new 36-hectare (90-acre) factory in St Athan for the production of its first-ever SUV the DBX.

The factory was finally completed and officially opened on 6 December 2019.

2020

When full production begins in the second quarter of 2020, around 600 people will be employed at the factory, rising to 750 when peak production is reached. On 31 January 2020 it was announced that Canadian billionaire and investor Lawrence Stroll was leading a consortium who will pay £182 million in return for 25% stake in the company.

On 26 May 2020, Aston Martin announced that Andy Palmer had stepped down as CEO.

In June 2020, the company announced that it cut out 500 jobs as a result of the poor sales, an outcome of the COVID-19 pandemic lockdown.

2021

In March 2021, chairman Lawrence Stroll stated that the company plans on building electric vehicles by 2025. === Notable events === In August 2017, a 1956 Aston Martin DBR1/1 sold at a Sotheby's auction at the Pebble Beach, California Concours d'Elegance for US$22,550,000, which made it the most expensive British car ever sold at an auction, according to Sotheby's.




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