Aston Martin sales surge, Valkyrie delays hit profit

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:Aston Martin said sales to dealers in 2021 surged 82per cent, even as the British luxury automaker forecast lower-than-expected annual adjusted core earnings due to delays in shipments of its limited-edition Valkyrie sports car.Aston Martin said 10 Valkyries were shipped in the fourth quarter, fewer than pre

:Aston Martin said sales to dealers in 2021 surged 82per cent, even as the British luxury automaker forecast lower-than-expected annual adjusted core earnings due to delays in shipments of its limited-edition Valkyrie sports car.Aston Martin, fictional agent James Bond's carmaker of choice, said it expected annual adjusted core earnings to be about 15 million pounds lower than expected.

"The Valkyrie programme is now running at rate for 2022 having focused on delivering with no compromises in the face of supply chain challenges and huge complexity in the production ramp-up which resulted in a timing impact for 2021," Chief Executive Officer Tobias Moers said in a statement. Pandemic travel restrictions have left many wealthy consumers with more disposable income, fuelling demand for premium and luxury cars.

Source: News Formal (newsformal.com)

 

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