Skip to main content

Aston Martin rules out cheaper model to increase revenue

Aston Martin Lagonda
Image used with permission by copyright holder
With its aging (but still beautiful) lineup, Aston Martin could definitely use an influx of cash to revamp its model range. However, the brand is adamant that it won’t build a cheaper model to increase sales.

Julian Jenkins, President of Aston Martin the Americas, recently spoke to Auto Guide about the company’s future. When asked if the firm had any plans to explore less expensive markets, he replied succinctly.

Recommended Videos

“No, not as this stage,” he said. “I think today, certainly for Aston Martin, we focus on sports cars. That’s where we come from and that’s our niche. Clearly that’s the immediate focus based on the range we’ve got today.”

Instead, the British automaker has its sights set on the ultra high-end portion of the automotive world in a bid to increase exclusivity.

“I think the Lagonda as a brand would be an interesting opportunity,” Jenkins said. “That’s something that we can build in the future.”

The Lagonda ‘super saloon’ was originally built in the 1970s but was brought back last year in extremely small numbers. Oddly enough, the manufacturer used the Lagonda nameplate for a crossover concept years ago, but we haven’t heard much on that front since. Currently, the Lagonda four-door (pictured) is offered in the Middle East by invite-only.

Despite Aston Martin’s aspirations to climb the market ladder, Jenkins didn’t completely rule out a future move to diversify the carmaker’s lineup.

“[We’re] very conscious of market demand; we have to be,” he said. “If there is a segment, if there is an opportunity that we can sit comfortably within we will go after it.”

Even if the brand continues to focus on sports cars, with only 149 dealers worldwide, Jenkins sees good opportunities for growth.

“I think we’ve been in a very fortunate position, we’re small, independent and that’s enabled us to collaborate, to work with a number of manufacturers,” he explained.

“There are still markets that do not yet have an Aston Martin dealer … But we’re not looking to treble or quadruple our volume.”

Andrew Hard
Former Digital Trends Contributor
Andrew first started writing in middle school and hasn't put the pen down since. Whether it's technology, music, sports, or…
Looking for low-key performance? Check out the best sleeper cars ever
best sleeper cars 2019 volkswagen golf r

During the World Wars, Allied navies equipped seemingly harmless merchant ships with guns and torpedoes to ward off prowling German U-Boats. Called Q-Ships, they were all about the element of surprise. The best sleeper cars are automotive equivalent of Q-Ships.

There’s no rule that says a performance car has to have two doors or the low-slung body of a sports car. Disguised as sensible sedans and wagons, sleepers keep a lower profile. Sleepers are cars for serious performance junkies -- without the flash of traditional performance cars, they can’t be used to show off, and they put automotive performance in practical packages. They also provide the satisfaction that no one else has any idea what kind of fury lies under the hood.

Read more
Aston Martin goes from four wheels to two with AMB 001 motorcycle
aston martin launches its first motorcycle amb 001 by and brough superior

Previous

Next

Read more
Tesla reveals price range for Optimus Gen2, its ‘robot without wheels’
Tesla's 2022 Optimus robot prototype is seen in front of the company logo.

“The future should look like the future”, CEO Elon Musk said at the Tesla "We Robot" special event held in Burbank, California, earlier this week. Sure enough, Tesla’s much-anticipated autonomous robotaxi, the Cybercab, and its large-van counterpart, the Cybervan, seemed straight out of celebrated sci-fi movies. But as the name of the event hinted at, a vision of the future would not be complete without robots: Several of the Optimus Gen 2, Tesla’s latest version of humanoid-like robot, were found serving drinks, holding conversations with guests, and even dancing at the event.Tesla has recently pitched the Optimus as a potential replacement for factory workers in China and elsewhere. Musk previously said he expects the Optimus to start working at Tesla factories in 2025 and to be available to other firms in 2026.
Yet, at the event, the Tesla boss revealed his expanded vision of a household robot that can do “everything you want: Babysit your kid, walk your dog, mow your lawn, get the groceries, just be your friend, serve drinks”.He also gave a closer estimate of the robot’s price tag: Once produced "at scale," Optimus should cost somewhere between $20,000 and $30,000. Musk had previously said the robot’s price would be about half that of a car. 
Staying true to his sci-fi vision, the Tesla CEO referred to Optimus as a cross between R2D2 and C-3PO, the famous droids from the Star Wars film series.
Ever since the first generation of the Optimus was revealed in 2022, Tesla has emphasized the continuity between its cars and the robot. “Everything that we’ve developed for our cars -- the battery power’s electronics, the advanced motor’s gearboxes, the software, the AI inference computer -- it all actually applies to a humanoid robot,” Musk said at the event. “A robot with arms and legs, instead of a robot with wheels.”
Tesla would not be the first to offer a domestic robot on the market. Hyundai-owned Boston Dynamics has already commercialized a home service-type robot called Spot with a hefty price tag of $74,500. BMW and Open AI are backing robots made by Figure, a California-based company. Meanwhile, Nvidia is developing Project GR00T to also deliver humanoid robots.Earlier this year, Goldman Sachs forecast that the annual global market for humanoid robots could reach $38 billion by 2035, with robot shipments of 1.4 million units both for industrial and consumer applications. It also said that robots could become more affordable as their manufacturing cost has been decreasing more than expected -- leading to faster commercialization.

Read more