Top
image credit: Pixabay

Aston Martin swings to Q3 loss as volumes drop

November 7, 2019

LONDON — Aston Martin swung to a third-quarter loss on Thursday, as the UK automaker pins a sales revival to the launch of its first utility vehicle, the DBX.

The company posted a 13.5 million-pound ($17.4 million) loss before tax in the three months to the end of September, according to an earnings statement on Thursday.

Vehicle sales dropped 16 percent to 1,497 cars in the quarter as demand for some of Aston Martin’s traditional sports models has stumbled amid uncertainty surrounding Brexit, weakening economies and global trade wars.

Read More on Automotive News