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.

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