Improved pre-tax profits for Aston Martin

Nichole Vega
August 30, 2017

The first fully electric vehicle that Aston Martin is scheduled to introduce will be the RapidE sedan, followed shortly thereafter by the DBX crossover.

Aston Martin is the latest vehicle maker to announce it's going to move to an all-hybrid lineup. That doesn't mean all Aston Martins will be hybrids, but all will at least be offered with some sort of hybrid powertrain.

Until the end of July, VFACTS data shows Aston Martin delivered 87 cars to Australian buyers, a jump of 17 cars, or 24%, on the same period a year ago. According to Palmer, roughly one quarter of the lineup will have a battery option by the end of the next decade. Aston Martin's first regular production hybrid and electric cars will be variants of the DBX SUV entering production in 2019.

Aston's first hybrid will be a limited run of the firm's four-door Rapide. The hybrid will be the Aston Martin Valkyrie hypercar, which is slated to arrive sometime in 2018.

As the automotive industry goes more and more insane for hybrid power to help meet fuel economy goals and to lure in buyers who want to be green, even sports auto makers are going hybrid. A smaller V6 would be a stark contrast to the current V8 and V12 engines that power Aston Martin's models.

"You need to keep core technology inside the company", said Dr. Palmer.

Around 20 percent of the company's top-end cars are now exported to the USA whilst 15 percent are sold to the European Union, with whom unfettered tariff-free trade is at risk depending on the outcome of Brexit talks.

Aston Martin also generated a pre-tax profit of £21.1m compared to a loss of £82.3m posted for the same period a year ago. Now also appears to be a good time to be a British auto maker looking to expand an EV lineup; the United Kingdom government has been helping several firms with grants to encourage low-carbon technologies.

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