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Aston Martin losses grow as sales tumble at James Bond's carmaker

By mercy • a week ago • 2026 views • 527 comments

Aston Martin losses grow as sales tumble at James Bond's carmaker


LONDON (Reuters) - Carmaker Aston Martin, which has changed its boss and brought in a billionaire investor this year after a weak performance, posted on Wednesday a deeper first-half loss of 227 million pounds ($293 million) amid a slump in sales.


Its main factory, which closed during the lockdown, is not due to reopen until the end of August as the firm focussed on resuming production at a new site in Wales, where its first sport utility vehicle, the DBX, rolled off the line this month.


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


Since then it has announced job cuts, reduced inventories and picked a new chief executive and new finance boss among a series of changes, while it is also responding to the pandemic which contributed to a 41% drop in sales.


“It has been a challenging period with our dealers and factories closed due to COVID-19, in addition to aligning our sales with inventory with the associated impact on financial performance as we reposition for future success,” Stroll said.


The firm’s half-year pre-tax loss of 227 million pounds compares to a loss of 80 million pounds in the same period last year. Revenue fell by nearly two thirds to 146 million pounds.


Aston’s first 4x4 is central to its turnaround plans as it enters a lucrative segment of the market in a bid to widen its appeal, including to more female buyers.


“We’re pleased with how its developing,” finance chief Ken Gregor told Reuters.


https://in.reuters.com/article/astonmartin-results-idINKCN24U0QH



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527 Replies | Last update 7 days ago | Last comment

  • »
     
    a week ago

    Too bad

  • »
     
    a week ago

    This information was wonderful thanks very much for sharing with us

  • »
     
    a week ago

    Thanks for sharing this information with us keep us updated

  • »
     
    a week ago

    This is so sad it's really bad thank you for the shared information above 

  • »
     
    a week ago

    Following 

  • »
     
    a week ago

    Following

  • »
     
    a week ago

    Sad development

  • »
     
    a week ago

    Eish sad development there for such a great carmaker

  • »
     
    a week ago

    To bad for the company experiencing a down fall in making of their cars

  • »
     
    a week ago

    Noted

  • »
     
    a week ago

    We’re pleased with how its developing,” finance chief Ken Gregor told Reuters.

  • »
     
    a week ago

    Aston martin is a good and reputable company it is sad corona virus is affect

  • »
     
    a week ago

    okay

  • »
     
    a week ago

    These are really difficult times for lots of firms and companies. Hopefully they will bounce back 

  • »
     
    a week ago

    This is sad he's lost alot of money

  • »
     
    a week ago

    Sad development 

  • »
     
    a week ago

    Following

  • »
     
    a week ago

    This sounds sad for him and I hope they will reopen the store again

  • »
     
    a week ago

    Wow

     

  • »
     
    a week ago

    Following

  • »
     
    a week ago

    Thank you very much for sharing this piece of information

  • »
     
    a week ago

    Following closely and thanks for sharing

  • »
     
    a week ago

    Following Thanks for sharing keep us posted 🙏

  • »
     
    a week ago

    Many companies and businesses have suffered during this time of the pandemic we can only hope for the best

  • »
     
    a week ago

    Corona has to come to an end, cause people have really suffered.

  • »
     
    a week ago

    This is great news thanks

  • »
     

    What a sad development

  • »
     
    a week ago

    They’ve been quiet since the DB10

  • »
     
    a week ago

    Thanks for sharing this wonderful information with us, we appreciate very much

  • »
     
    a week ago

    Mmm that's a lot of money lost 

  • »
     
    a week ago

    Following

  • »
     
    a week ago

    Following 

  • »
     
    a week ago

    Closely following this news

  • »
     
    a week ago

    Thanks for sharing this information

  • »
     
    a week ago

    Update well followed thank you very much, these are news we are looking forward to

  • »
     
    a week ago

    Thanks for the update

  • »
     
    a week ago

    Good to know about this information. Thank you for sharing it

  • »
     
    a week ago

    FOLLOWING THE NEWS 

  • »
     
    a week ago

    Thanks

  • »
     
    a week ago

    So sad hope these losses don't lead to bankruptcy which is the worst possible thing to them right now 

  • »
     
    a week ago

    Interesting article 

  • »
     
    a week ago

    Hope he can bounce back after the pandemic 

  • »
     
    a week ago

    How sad

  • »
     
    a week ago

    It's a good move new invests in the company... following

  • »
     
    a week ago

    following

  • »
     
    a week ago

    This is a very interesting article thank you so much for sharing

  • »
     
    a week ago

    Following 

  • »
     
    a week ago

    Thanks for sharing 

  • »
     
    a week ago

    Its a sad development. Thanks for sharing the information.. We're getting updated 

  • »
     
    a week ago

    Thanks for sharing this wonderful information keep updating us

  • »
     
    a week ago

    Too bad for them not that I care that much but I love cars so I feel the pain when something happens to a car brand 

  • »
     
    a week ago

    Following closely

  • »
     
    a week ago

    Thanks so much for sharing the information

  • »
     
    a week ago

    this is wonderful

  • »
     
    a week ago

    Thanks for sharing.

  • »
     
    a week ago

    Thanks for the update. Learning of the worlds happenings everyday

  • »
     
    a week ago

    Many companies and businesses have suffered during this time of the pandemic we can only hope for the best.

  • »
     
    a week ago

    This is unfortunate 

  • »
     
    a week ago

    Following

  • »
     
    a week ago

    Following

  • »
     
    a week ago

    We appreciate thank you for sharing

  • »
     
    a week ago

    Thanks for sharing

  • »
     
    a week ago

    So very informative

  • »
     

    Too baf for the company experiencing that,covid has played a major role in that

    That's sad

  • »
     
    a week ago

     

    We’re pleased with how its developing,” finance chief Ken Gregor told Reuters.

     

     

  • »
     
    7 days ago

    This is really interesting..thanks for sharing

  • »
     
    a week ago

    Too bad, thank you for updating us 

  • »
     
    a week ago

    Thanks for sharing this information with us today and we appreciate your support and updates 

  • »
     
  • »
     
    a week ago

    Its main factory, which closed during the lockdown, is not due to reopen until the end of August 

  • »
     
    a week ago

    Following 

  • »
     
    a week ago

    Thanks for sharing this information 

  • »
     
    a week ago

    Following closely 

  • »
     
    a week ago

    Too bad for them

  • »
     
    a week ago

    following

  • »
     
    a week ago

    Ahhh but why this is not good, why could such a thing happen now.

  • »
     
    a week ago

    Too bad for martin, thanks for sharing

  • »
     
    a week ago

    This has not be well for the firm alot of people have lost jobs

  • »
     
    a week ago

    Thanks for sharing this information with us i really appreciate keep on updating us

  • »
     
  • »
     
    a week ago

    noted

  • »
     
    a week ago

    Thanks for sharing

  • »
     
    a week ago

    This is great news mweh

  • »
     
    a week ago

    So unfortunately 

  • »
     
    a week ago

    Thanks for the information

  • »
     
    a week ago

    Too bad for them 

  • »
     
    a week ago

    Thanx for the update.

  • »
     
    a week ago

    Okay thanks for sharing, appreciate the information share

  • »
     
    a week ago

    So sad 

  • »
     
    a week ago

    Following

  • »
     
    a week ago

    Following

  • »
     
    a week ago

    This is very unfortunate. I hope he stops making loses with the new investor 

  • »
     
    a week ago

    Its main factory, which closed during the lockdown, is not due to reopen until the end of August as the firm focussed on resuming production at a new site in Wales, where its first sport utility vehicle, the DBX, rolled off the line this month.

  • »
     

    thanks

  • »
     
    a week ago

    My money is needed please

  • »
     
    7 days ago

    Wow 

  • »
     
    a week ago

    thanks for sharing

  • »
     
    a week ago

     

    Aston martin is a good and reputable company it is sad corona virus is affect

     

  • »
     
    a week ago

    Following

  • »
     
    a week ago

    This is very sad development for Aston sad though hope they do more to increase sales

  • »
     
    a week ago

    Thanks for sharing this information with us

  • »
     
    a week ago

    too bad

  • »
     
    a week ago

    Thanks 😍 for the update

  • »
     
    a week ago

    Competition is rising in the car business

  • »
     

    Well articulated

  • »
     
    a week ago

    Following awesome article really insightful information thanks for sharing this article really nice 

  • »
     
    a week ago

    Following 

  • »
     
    a week ago

    Aston Martin losses grow as sales tumble at James Bond's carmaker

  • »
     
    a week ago

    On in it

  • »
     
    a week ago

     

    @marthakambole:

    Okay great

     

  • »
     
    a week ago

    FOLLOWING THANKS FOR THE UPDATE THIS IS VERY INTERESTING I MUST SAY AND HELPFUL THANKS 

  • »
     
    a week ago

    Too bad,  thank you for the information I don't know anything. 

  • »
     
    a week ago

    Not just the James bond car makers but Mr bean too

  • »
     
    a week ago

    This is sad.thanks for sharing 

  • »
     
    a week ago

    Thanks for sharing this wonderful information with us, we appreciate very much

  • »
     
    a week ago

    Thanks for sharing with us keep on updating the platform we appreciate your help

  • »
     
    a week ago

    Primes is Just a piece of shit!

    This shit is fake

     

    Scammers

    If u want block my account what so ever I don't care

    May thunder strike you

  • »
     
    a week ago

    Thanks for the information

  • »
     

    Following 

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