Aston Martin said to gauge Ford executive’s interest in becoming CEO

Aston Martin Chairman Lawrence Stroll has approached Steven Armstrong, a senior Ford Motor govt, to gauge his interest in turning out to be CEO of the British automaker, according to people today acquainted with the make a difference

Stroll arrived at out to Armstrong, a previous chairman of Ford Europe, two times final thirty day period, according to 1 of the people today, who requested not to be discovered due to the fact the discussions ended up preliminary.

No presents ended up created and Armstrong, 57, has created no choice to depart Ford, in which he has worked for more than 25 decades and currently serves as transformation officer around South The us and India.

The outreach by Stroll raises additional thoughts about the future of Aston CEO Tobias Moers, the previous head of Mercedes-Benz’s AMG general performance division whom Stroll employed months following foremost an investment consortium’s rescue of Aston in early 2020.

Stroll, sixty two, denied a report by motoring publication Autocar on Friday that Moers’ future at Aston was in question, telling the Economical Times that it was “”categorically not true” and that he was “totally not engaged in anyway in on the lookout to replace Tobias.”

A spokesman for Aston mentioned Stroll declined additional interviews on the make a difference and had no additional comment to make. Armstrong couldn’t be arrived at for comment.

Aston declared Friday that fourth-quarter earnings will be about fifteen million lbs ($20 million) reduced than expected following the automaker sent much less Valkyrie supercars than expected.

The company delivered just ten units of the two.four million-pound model prior to year-end, slipping quick of its goal.

The start of the Valkyrie has been plagued by electronics problems, people today acquainted with the make a difference informed Bloomberg Information final thirty day period.

Moers, fifty five, has likened manufacturing the Valkyrie to assembling a System one vehicle on an assembly line.

“It really is the most sophisticated vehicle I ever saw in my existence to assemble,” he mentioned in a November interview.