Aston Martin Posts a Loss on Slumping European Demand
British supercar maker Aston Martin (LSE: AML) said it swung to a loss in the first half of 2019 as lower demand in Europe, a planned increase in spending, and a weaker "mix" of products sold more than offset the benefits of higher retail demand in the U.S. and China.
On a pre-tax basis, Aston Martin lost 78.8 million British pounds ($96 million) in the first half of 2019, versus a profit of 20.8 million pounds in the first half of 2018. The company also cut its full-year guidance for wholesale shipments on weaker orders in the U.K. and Europe.
Aston Martin's shares fell sharply in trading in London after the news was released.
Quelle Fool.com
