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Aston Martin has warned investors to brace for deeper-than-expected losses this year, the latest blow to Britain’s glamorous but persistently unprofitable carmaker.
Ahead of its third-quarter results on 29 October, the company said it now expects a full-year loss even greater than the previous estimate of £110 million or €130mn, forcing yet another reset for a brand that has been fighting to regain its footing.
The guidance cut jolted investors, sending shares tumbling about 8% on Monday morning.
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