"Aston Martin has again warned its profits will be lower than expected and sold its permanent naming rights to its Formula One team, as the struggling British carmaker battles to stabilise its finances. The luxury carmaker, majority-owned by the Canadian billionaire Lawrence Stroll, said its earnings for 2025 would be worse than City forecasts, its fifth profit warning since September 2024."
"In a fresh attempt to shore up its balance sheet, Aston Martin will permanently sell the right to use its name in Formula One to its own F1 team for 50m, it said on Friday. The team is operated by AMR GP Holdings, a separate company also controlled by Stroll meaning the deal is effectively an extra injection of funds from the owner."
Aston Martin warned that its 2025 earnings will be worse than City forecasts, marking its fifth profit warning since September 2024. Deliveries fell nearly 10% to 5,448 cars, hurt by US trade tariffs and missed special edition deliveries. Analysts had expected a 184m loss at annual results. Shares dropped as much as 4% before recovering. Cash reserves stand at about 250m, down from 360m at the start of 2025, while debt has risen roughly 70% since early 2024. The company will sell permanent F1 naming rights to its own team for 50m pending shareholder approval.
Read at www.theguardian.com
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