News Details

Aston Martin in trouble; soon to be five hundred employees laid off due to loss

Aston Martin was not doing well financially and the corona crisis did not improve the situation. That's why a mass redundancy of no less than five hundred jobs is imminent, reports Motorsport.com Thursday night. Currently Aston Martin associated with Red Bull Racing as title sponsor, but next year it will have its own team on the grid of Formula 1. In fact, Racing Point will carry the name of Aston Martin from 2021, with Lawrence Stroll in charge of the British brand. Read more Marko makes a remarkable statement: 'Hope to shake hands with anxious Verstappen' Aston Martin has released the financial figures for the first quarter of 2020 and it appears that it has lost 132 million euros. As a...
Full Story »
1mo ago from GPBlog.com 0
Share

You May Also Be Interested In...

Wolff: 'I've invested in Aston Martin, but remain team...

In recent weeks there have been many rumours about the future of Toto...
1mo ago from GPBlog.com

Aston Martin announce 500 job cuts

Aston Martin has unveiled a £10million cost-saving initiative which will...
1mo ago from PlanetF1.com

Mercedes rubbishes 'unfounded and irresponsible' F1...

Mercedes has moved to dismiss reports that emerged in the German media on...
1mo ago from F1i.com

Aston Martin confirms key changes

Aston Martin Lagonda has confirmed on Tuesday that it will replace its...
1mo ago from F1Technical.net

Elsewhere On The Network

Popular On MGPToday.com

Petrucci 'amazing input' for KTM, 'everything Pedrosa...

Brad Binder has praised KTM's decision to sign Danilo Petrucci for the...
9h ago from Crash.net

Binder: Motocross will bite one day, Misano test...

Brad Binder is one of the many MotoGP riders using motocross as a key...
16h ago from Crash.net

MotoGP sabbatical now an option for Ducati's...

Andrea Dovizioso's manager admits his MotoGP rider is now considering...
1d ago from AutoSport.com

Popular On IndyCarToday.com

VeeKay ‘super happy’ after impressive run in...

2020 NTT IndyCar series rookie Rinus VeeKay had an incredible bounce-back...
22m ago from MotorsportWeek.c...

MECHANIC: Blair Julian, lights to flag with Scott Dixon

If Scott Dixon is the most successful driver of the modern IndyCar era,...
17h ago from SpeedCafe.com

Popular On TotalWRC.com

2020 WRC Set for September Return

The 2020 FIA World Rally Championship is set to get back underway after a...

WRC season to resume with Rally Estonia later this year

The paused 2020 World Rally Championship finally has a date for when its...

Rally DirtFish Officially Cancelled

Rally DirtFish has been cancelled following the confirmation that Rally...

Popular On GunnersToday.com

'He completely deserved it... I always liked him'

Mikel Arteta was delighted to see Alex Lacazette find the net in...
1h ago from Arsenal.com

Arteta on Auba, Laca, Leicester: transcript

Mikel Arteta was back in the company of the media on Sunday night as he...
1h ago from Arsenal.com

Arteta: I will demand more from Saka

Arsenal head coach Mikel Arteta will demand even more from forward Bukayo...
1h ago from SkySports.com

Arteta: We need to talk to Lacazette about his future

Mikel Arteta says Arsenal need to sit down with Alex Lacazette to discuss...
1h ago from News.ArseBlog.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.