Aston Martin losses narrow – London Business News | Londonlovesbusiness.com

Aston Martin has beaten analysts predictions and has shipped more cars and have “pro-actively” achieved to manage the ongoing supply chain issues.

The Luxury car maker reported in the third quarter pre-tax losses narrowed by 90% to £12.2 million as Aston Martin reported wholesales at 1,641, this is up 14% year-on-year.

Despite this, total wholesales are down 17% year-on-year for 2023.

Chief executive, Adrian Hallmark said, “I can already clearly see growth opportunities for the company as we bring incredible products to market and deliver on our vision to be the world’s most desirable, ultra-luxury British performance brand.”

He added, “We will drive profitability through a forensic approach to cost management and unrelenting focus on quality with a more balanced delivery profile in the future for our full range of new core models.”