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EVTOL Aircraft Market to Witness Increasing Revenue Growth During the Forecast Period 2017
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EVTOL Aircraft Market to Witness Increasing Revenue Growth During the Forecast Period 2017
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May 07 2021, 3:21 AM
May 06 2021, 11:44 AM
May 07 2021, 3:21 AM
(Bloomberg)
(Bloomberg)
Aston Martin Lagonda Global Holdings Plc reported better-than-expected sales for the first quarter as the British luxury-car maker gets a significant boost from its first-ever SUV.
Revenue soared 153% to 244.4 million pounds ($340 million), beating analystsâ average estimate for 196.7 million pounds. The DBX sport utility vehicle accounted for 55% of the vehicles sold to dealers in the first three months of the year.
Aston Martin racked up significant losses after going public in 2018 and has spent the last year restructuring itself after a rescue by Canadian billionaire Lawrence Stroll. The 61-year-old fashion mogul has injected much-needed cash and forged closer ties with Daimler AGâs Mercedes-Benz to ensure the company survives tumultuous times for the auto industry.
A
Car companies are some of the biggest spenders in the world. You’d think they’d work harder at allocating capital. But, if that’s even occurred to them as an issue, you’d never be able to tell from the amount of money they’re throwing into the still-nascent electric vehicle market.
Automakers have spent more on research and development over the last decade than they have made in profits. They account for a fifth of global R&D spending. But they don’t have much to show for it: There are only a few good electric cars on the road. Returns on invested capital and on assets have been dropping over that time. Whether and when this investment will return much of anything and what the final cost of transition will be is up in the air.
Opinion: Electric carmakers burn through cash like gas in a combustion engine
ANJANI TRIVEDI/BLOOMBERG OPINION
Bloomberg
The Aston Martin Rapide E electric vehicle stands on display at the Auto Shanghai 2019 show in Shanghai, China.
Car companies are some of the biggest spenders in the world. You d think they d work harder at allocating capital. But if that s even occurred to them as an issue, you d never be able to tell from the amount of money they re throwing into the still-nascent electric vehicle market.
Automakers have spent more on research and development over the past decade than they have made in profits. They account for one-fifth of global R&D spending. But they don t have much to show for it: There are only a few good electric cars on the road. Returns on invested capital and on assets have been dropping over that time. Whether and when this investment will return much of anything and what the final cost of transition will be is up in the air.
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