Aston Martin can’t sell cars
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The article is in Dutch
Tags: Aston Martin sell cars -
British car manufacturer Aston Martin has to settle for declining financial results. The company is facing a transition period, but in the meantime it is not losing its luxury cars.
Why is this important?
By selling luxury cars, Aston Martin has a special segment of the car market. But the British manufacturer has been struggling for years, resulting in a large mountain of debt. The electrification of its models will also not get off the ground for the time being.In the news: Aston Martin saw its profit decline by 10 percent in the first quarter of 2024, to 267.7 million British pounds or about 213.5 million euros.
- In those three months, the carmaker was able to sell 945 luxury cars, which was 26 percent less than in the same period the previous year. Revenues fell by larger percentages than analysts had predicted.
- Executive chairman Lawrence Stroll argues that this is because the company is phasing out old cars. The current
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Tags: Aston Martin sell cars
