Struggling luxury UK carmaker Aston Martin has announced that chief executive Andy Palmer has stepped down.
Mr Moers joins from Mercedes' high-performance subsidiary AMG, where he is currently chief executive. "The board has determined that now is the time for new leadership to deliver our plans," Aston Martin said in a statement. Mr Stroll, who is now executive chairman of the firm, partly owns the Racing Point Formula 1 team, which will be branded Aston Martin from 2021 under the deal.
Well a Chinese company will buy them
Will this have a knock on effect for the Formula 1 team MBrundleF1
billigere biler? Eller - billigt skrammel?
Yet people are baying for Cummings to be given the boot, he’d go the same way leaving someone else clean up behind him. These people should not be allowed to simply walk away from their responsibilities, this includes taking actions that get them sacked.
And on that the share price jumps 36%
I look forward to his book: 'How I made a big company small ~ how incompetence rose to the top'
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