If only James Bond could come to the rescue of Aston Martin. The British maker of 007’s legendary sports car is struggling. Aston looks destined to continue skidding out on its own, says LJucca:
Aston Martin Lagonda on July 24 slashed its 2019 vehicle target to between 6,300 and 6,500 from an initial forecast of 7,100 to 7,300 vehicles, or by around 11%.
The company also lowered its EBITDA margin to around 20%. It added that it would cut capital expenditure to 300 million pounds from between 320 million pounds and 340 million pounds previously. Shares in the British luxury sports-car maker, which listed in October, were down more than 20% in morning trading on July 24.
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