Tobias Moers’ future as CEO of Aston Martin is uncertain following this morning’s trading update warning that the firm would miss its earnings targets, Autocar has learned.
Speculation regarding Moers’ ongoing role at the firm follows indifferent financial results for the Gaydon-based luxury car maker, which was taken over by a consortium led by billionaire Lawrence Stroll in January 2020.
This morning, it announced that it would miss its EBITDA (earnings before interest, taxes, depreciation, and amortisation) target by around £15 million as a result of delays readying the Valkyrie hypercar for production.