Rumors: Mercedes-AMG CEO will be replacing recently sacked Aston Martin CEO

05/26/2020

Posted by: Oluwaseun Solomon

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Many sources are currently spreading unconfirmed news that the recently sacked CEO of Aston Martin will be replaced by Mercedes-AMG CEO very soon. Read more!

British luxury automaker, Aston Martin's recent 98% stock price collapse has brought about quite a tough “financial” time for the company. A recent publication by the popular UK website, Financial Times even confirms that the company has now sacked Andy Palmer - the CEO. However, the real twist of the story comes with new rumors claiming that Tobias Moers, the CEO of Mercedes-AMG, has been nominated to take over Aston Martin.

Sacked-Aston-Martin-CEO-Andy-Palmer

Rumours claim that Andy Palmer – the CEO of Aston Martin has been sacked and will be replaced soon

We have in the past unraveled many mysteries and facts about Mercedes-Benz that are mind-blowing but never have we imagined that a German Mercedes-AMG boss will be chosen to replace the CEO of a British automaker like Aston Martin. We surely didn’t see that coming at all.

According to foreign news sources, the reportedly sacked CEO of Aston Martin – Andy Palmer told the press that he is unaware of any “sack” and has since declined to give further comment on the topic till now when asked. On the flip side, the communications department of Aston Martin told the press that it is actually making a review of its entire management team currently. That’s more like “read between the lines”, isn’t it?

Mercedes-AMG-CEO-Tobias-Moers-to-take-over-Aston-Martin

Rumors: German Mercedes-AMG’s CEO, Tobias Moers will be taking over as CEO of Aston Martin anytime from now

Despite the good intentions and efforts of Andy Palmer during his tenure as Aston Martin CEO; he just seems not to be favored by market valuation especially following the company’s recent 98% share price fall. And as it is already obvious, bad financial times usually force a company’s board of directors to reshuffle or replace executives.

It’s funny how times change because 2 months ago, Andy Palmer was still part of the Aston Martin Motor Show 2020 where the V12 Speedster was revealed.

Watch the reveal of the Aston Martin V12 Speedster in the video below featuring Andy Palmer;

  #AstonMartinMotorshow 2020 | Lawrence Stroll, Andy Palmer, and Mr JWW reveal V12 Speedster

We are looking forward to seeing how Mercedes-AMG’s CEO – Tobias Moers will combine the ingenuity of the popular Mercedes brand to give Aston Martin the new face it has always lacked.

Speaking of which, if you are looking to buy a new Benz car; we recommend you check out our huge listings of Mercedes-Benz cars for sale in Nigeria to grab the best offer.

>>> Keep visiting Naijauto daily to get the latest automotive industry updates

>>> And Also check out other topics: Car tips and adviceCar price updatesCar reviews, and Cars for sale!

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Oluwaseun Solomon

Oluwaseun Solomon

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Oluwaseun Solomon is a prolific and diligent automobile writer at Naijauto.com. He's also an experienced digital marketer and a creative multimedia developer that specializes in video editing. He currently contributes informative and easy to read articles on topics covering transportation, traffic updates, auto industry updates, and different car reviews.
When Solomon is not writing, you will either find him composing music, editing videos or simply enjoying YouTube "TEDx Talk" videos with a chilled drink :)

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