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Aston Martin has delayed the arrival of its first electric car citing a lack of customer demand, while also re-iterating it has cancelled plans for its Rolls-Royce-rivalling Lagonda sub-brand.
Aston Martin, the renowned luxury carmaker, announced on Wednesday that it is postponing the release of its first electric car, citing insufficient consumer demand. Despite recording record prices for its luxury and special edition models, the British automaker has decided to delay its venture into the electric vehicle (EV) market.
Aston Martin has announced that its first battery-electric vehicle will be delayed to 2026 — a year later than was originally planned. Executive Chairman Lawrence Stroll disclosed the information during the presentation of its fiscal year 2023 results.
Aston Martin is delaying the launch of its first volume EV by a year, citing lack of demand.
Following the reveals of the 2025 Aston Martin Vantage and the Vantage GT3 race car, Aston just took the wraps off its AMR24 Formula 1 race car for this 2024 season.
Despite only having taken the job less than two years ago, it seems that current Aston Martin CEO Amedeo Felisa may soon be out of a job if new reports about company chairman Lawrence Stroll are true. Bloomberg writes that Stroll is looking for the luxury automaker's fourth chief executive in as many years, with interviews of candidates already underway. The publication goes on to say that anonymous insiders claim Stroll has contacted «current and former heads of other luxury auto manufacturers to gauge interest in the role.»
Aston Martin is reportedly reaching out to candidates to replace Amedeo Felisa as the company’s chief executive officer, potentially setting the business up to have its fourth CEO in four years. Felisa has headed the UK-based automaker since May of 2022 and inherited a situation where the business was already taking on sizable amounts of debt annually.
Aston Martin is reportedly searching for a new CEO to replace Amedeo Felisa, who is approaching his 78th birthday.