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Aston Martin's losses grow as sales tumble

Wed, 29th Jul 2020 07:13

LONDON, July 29 (Reuters) - Carmaker Aston Martin,
which has changed boss and brought in a billionaire investor
this year amid a torrid performance, posted on Wednesday a
first-half pre-tax loss of 227 million pounds ($293 million) as
sales slumped.

Popular for being James Bond's carmaker of choice, the firm
has had a difficult time since it floated in 2018 as demand
disappointed and it burnt through cash, prompting it to give a
stake to a consortium led by billionaire Lawrence Stroll.

The firm's loss in the same period last year was 80 million
pounds.
($1 = 0.7741 pounds)
(Reporting by Costas Pitas; Editing by Alistair Smout)

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