Aston Martin posts deep loss as coronavirus outbreak hits sales
- Country:
- United Kingdom
Aston Martin posted a first-quarter pretax loss of 119 million pounds ($146 million) after sales dropped by nearly a third due to the impact of the coronavirus outbreak and the destocking of dealers, the carmaker said on Wednesday.
"COVID-19 and the resulting global economic shutdown has had a material impact on our performance this quarter," said Chief Executive Andy Palmer.
Core retail sales slumped 31% year-on-year, the company said. ($1 = 0.8144 pounds)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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