Will Aston Martin ever make it out of the slow lane?
www.cityam.com
Oct. 24, 2024, 8:18 a.m.
The FTSE 250 supercar maker has struggled to whittle down a large debt pile since it IPO’d in 2018, despite renewed investment from prominent backers, including the Chinese car giant Geely and the Canadian billionaire Lawrence Stroll. Production issues repeatedly seem to emerge at critical moments. Last November, problems emerged during the hotly-anticipated roll out of its new DB12 model, weighing on shares for the rest of the year. Monday’s profit morning means both wholesale production volumes and adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) will come in below market expectations this year.