The 106-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, citing weak UK and European markets and subdued demand for its Vantage model. Aston Martin said on Tuesday tough conditions continued through December, leading to a 7% drop in wholesale volumes for the year, with Europe underperforming the rest of its markets. “From a trading perspective, 2019 has been a very disappointing year,” Chief Executive Officer Andy Palmer said, adding the company now expected an adjusted …read more
Source:: Yahoo Finance
