Filed under:
Earnings/Financials,
Aston Martin,
SUV,
Luxury
The 107-year-old firm, famed for being fictional agent James Bond's brand of choice, cut its forecast for wholesale volumes and profit margins in July, and reduced its volume forecast again in November. "From a trading perspective, 2019 has been a very disappointing year," Chief Executive Officer Andy Palmer said, as the company's shares plunged as much as 16%. While Aston spent 2019 ploughing money into a new factory to build its first sport utility vehicle (SUV), the highly lucrative market
Continue reading Aston Martin stock price shaken and stirred by latest weak outlook
Aston Martin stock price shaken and stirred by latest weak outlook originally appeared on
Autoblog on Tue, 7 Jan 2020 09:15:00 EST. Please see our
terms for use of feeds.
Permalink |
Email this |
Comments
More...
Aston Martin stock price shaken and stirred by latest weak outlook
