Tobias Moers has stepped down as CEO of Aston Martin after a tumultuous stint at the top, ex-Ferrari boss to replace him -
However, the workforce has been decimated under Moers, with key personnel leaving across the company, from chief special operations officer David King, executive for vehicle attributes Matt Becker, director of Q operations Simon Lane, designer Miles Nurnburger… the senior departures seemed to come daily and were morale sapping for those left behind.
The confirmation of Felisa and Fedeli’s appointments came as the company announced its financial results for the first quarter of 2022, which saw it post a £47.7 million loss against revenues of £232m, the latter a 4% increase on the same period last year but the former an increase from the £15m loss made in Q1 2021. Aston Martin explained these losses are due to higher financing charges against its £956m debt.
Adjustments to production mean Aston Martin’s GT and sports cars are sold out for the rest of the year, with DBX orders up by 60 per cent on the previous year. The first three months of 2022 saw the firm deliver more Sport and GT models than during the same period last year (up 22 and 20% respectively with 381
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