Aston Martin recently pledged to keep producing combustion-engine vehicles for as long as legally possible. Shares in Aston Martin Lagonda sank today after the British luxury carmaker posted accelerating losses on falling sales and rising costs in an update that forecast a brighter outlook.
“Our first quarter performance reflects this expected period of transition, as we ceased production and delivery of our outgoing core models ahead of the ramp up in production of the new Vantage, upgraded DBX707 and our upcoming V12 flagship sports car.” The group in February delayed the launch of its first electric vehicle by one year until 2026, and with deliveries due in 2027.
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