From Morningstar: 2024-09-30 07:53:00

Shares in Aston Martin Lagonda (AML) have fallen by nearly 20% to £1.28 after the luxury automotive manufacturer revised its annual sales guidance, citing supply chain disruptions and weak demand in China. The company had previously planned for high single-digit volume growth.

Aston Martin, known as an iconic British brand, has seen its shares drop 97% since listing in 2018. Despite a turnaround plan that helped halve pre-tax losses to £240 million, the company continues to face challenges in raising investment and managing heavy corporate debt. New CEO Adrian Hallmark aims to adjust production volume in response to supply chain disruptions.



Read more at Morningstar: Aston Martin Recovery Gets Flat Tyre as Shares…