Long road ahead as losses deepen at Aston Martin
Aston Martin’s losses have widened as the luxury car manufacturer prepares to launch four new models.
Pre-tax losses grew from £142.2m to £216.7m in the first half of the year as car sales dropped 32% on the same period last year.
Almost 2,000 cars have been sold in the first half of 2024, causing revenues to decrease by 11% to £603m. Adjusted underlying profits fell by 23% to £62.2m.
It comes at a “pivotal moment” for Aston Martin, as it embarks on a portfolio transition as well as a move to electrification.
... 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...
