Automotive News

Aston Martin to renew DB11, Vantage, DBS sports cars in 2023

LONDON — Aston Martin will reveal the first of its overhauled sports-car range at the end of this month, Chief Financial Officer Doug Lafferty said. The automaker has promised to reveal new versions of its three core sports-car models – the DB11, Vantage and DBS – over the next 12 months. The company has not said which will be first, but the DB11 is the oldest model in its lineup. Aston Martin will increase prices on all three cars as it looks to return to profitability with a target margin of 40 percent. “All the next-generation sports cars carry that…

Automotive News

Lucid Motors Q1: Production, deliveries fall from Q4

Lucid Group Inc. reported first-quarter production and delivery figures that were lower than the preceding three months, in line with its guidance of weak production this year. The luxury electric car-maker late Thursday said it produced 2,314 vehicles and delivered 1,406 in the quarter ended Mar. 31, lower than the 3,493 vehicles produced and 1,932 delivered in the December quarter. Lucid shares fell 6.8 percent in premarket trading on Friday. The company said it will report quarterly results on May 8. The Newark, Calif.-based company, already battling supply chain and logistics issues, was hit by aggressive price cuts sparked by…