New Aston Martin models expected to drive growth after Q1 loss
Aston Martin has reported a bigger-than-expected loss for Q1 after finance costs and operating expenses rose significantly.
The luxury car manufacturer, which is going through a “year of immense product transformation” posted a loss before tax of £111m, almost double what it lost in the same period the previous year.
Revenues have dropped by 10% year-on-year to £267.7m as the firm looks to change its product portfolio and prepares to introduce four new models in 2024.
It says the transitioning out of the previous ranges... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
