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Aston Martin

Aston Martin CEO plans cost cuts to turn around troubled automaker

An Aston Martin DB12 Volante convertible grand tourer is pictured.
An Aston Martin DB12 Volante. The automaker will not launch new models in the near future to save money on development costs. (Sjoerd van der Wal/BLOOMBERG)
BN
By:
Bloomberg News
February 25, 2025 09:06 AM

When Amedeo Felisa, the then-75-year-old former CEO of Ferrari, joined Aston Martin in 2022, the automaker was reeling from the pandemic, grappling with huge debts and hemorrhaging money.

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