GAYDON, England -- After decades of ups and downs, Aston Martin is charting a more efficient and profitable way forward, leaning on technology from shareholder Mercedes-Benz to make the costly leap to electric vehicles.
Less than two years after billionaire Lawrence Stroll took charge of the company, Aston Martin has undergone a manufacturing makeover to lift margins and help it become more like rival Ferrari.
Stroll, Aston Martin's largest shareholder and executive chairman, who is also an avid fan of Ferrari, says after vehicle sales jumped 82 percent in 2021 the UK automaker's transformation to long-term profitability is well under way, with new cars coming and funding secured through 2025.