Aston Martin will leave one of the top managers

Aston Martin will leave one of the top managers

February 27, 2020 0 By autotimesnews

Due to the disappointing results of 2019, Mark Wilson will leave the British company.

According to the brand’s press service, last year the company recorded a loss of GBP 104.3 million ($ 136 million) after a decrease in basic wholesale demand of 7%. In this regard, a statement was made that the Company stated that Aston Martin chief financial officer Mark Wilson would leave his post no later than April 30, but he was not fired.

Aston Martin said last month that Canadian billionaire Lawrence Stroll will buy up to 20% of the car maker’s shares, while existing shareholders will also invest more to stabilize the situation. Stroll will become executive chairman of the company.

According to the press service of the British brand, almost all of the revenue this year will be in the second half of the year. According to Palmer, the new DBX crossover is selling well, since all of the copies planned for production for 2020 are already sold out.

Aston Martin postpones electrification plans for its line until “no earlier than 2025,” and Palmer said in the meantime, the company will focus on plug-in hybrid cars, the first of which will be Valhalla in 2022.

“We have accelerated the creation of our hybrid V-6 plugin, so there’s a lot of work to be done in this technology and it will extend to a wider range of cars,” Palmer said.