Aston Martin says it won’t launch electric cars until its financial situation stabilizes

Aston Martin, the British sports car maker, has said it will not launch electric cars until its financial situation stabilizes,media reported. On Friday, Aston Martin said it would accept a consortium led by Canadian billionaire Lawrence Stroll for up to 500 million pounds. Aston Martin is in a bad financial position at the moment. Earlier,media have reported that Geely is also considering investing in Aston Martin.

Aston Martin says it won't launch electric cars until its financial situation stabilizes

Aston Martin will focus first on petrol cars before rethinking electric cars until their finances stabilize.

Media say this means Aston Martin’s all-electric Lagonda subbrand will be delayed until 2025 or later, while the planned first electric car, Rapide E, will not be available until.

Aston Martin was founded in 1913 and produced only about 16,000 cars until its 80th anniversary in the mid-1990s. Among the best-known are the DB5 model, which appeared in the James Bond film 1964 film Goldfinger, which is seen as a symbol of British culture.