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Aston Martin hits speed bump and issues profit warning

by LLB Editor
7th Jan 20 7:44 am

Aston Martin expects full year profits to be £130m and £140m following a tough end to the year.

The struggling luxury car maker said that “challenging trading conditions” it encountered in November “continued through the peak delivery period of December resulting in lower sales, higher selling costs and lower margins”.

It also said it expects to draw down an a $100m funding facility in the next four weeks and added that it remained in “potential strategic investors which may or may not involve an equity investment into the company”.

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