“Aston Martin to deliver fewer cars this year as shares go into reverse
Deepening losses are due to a £245m hit from a weakening pound against the dollar
Aston Martin’s debt interest payments pushed it to a deeper loss as it warned that renewed supply chain problems mean it is expected to sell fewer cars than expected this year.
The luxury car maker had targeted sales of more than 6,600 this year, but said it may now sell closer to 6,200 as it struggles to source some parts.
The target reduction came as the company posted a loss for the July to September quarter of £226m, more than double the £98m it lost in the same period a year ago. Losses for the year so far have now reached £511m.
Deepening recent losses came due to a £245m hit from a weakening pound against the dollar. Nearly all the company’s £833m of debt is priced in dollars.”
https://www.telegraph.co.uk/business...es-go-reverse/
They ain’t got a chance…
Deepening losses are due to a £245m hit from a weakening pound against the dollar
Aston Martin’s debt interest payments pushed it to a deeper loss as it warned that renewed supply chain problems mean it is expected to sell fewer cars than expected this year.
The luxury car maker had targeted sales of more than 6,600 this year, but said it may now sell closer to 6,200 as it struggles to source some parts.
The target reduction came as the company posted a loss for the July to September quarter of £226m, more than double the £98m it lost in the same period a year ago. Losses for the year so far have now reached £511m.
Deepening recent losses came due to a £245m hit from a weakening pound against the dollar. Nearly all the company’s £833m of debt is priced in dollars.”
https://www.telegraph.co.uk/business...es-go-reverse/
They ain’t got a chance…
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