Aston Martin Projects Turnaround with New Models Amid Rising Losses

Luxury carmaker anticipates recovery in the second half of 2024 despite a challenging first half marked by declining sales and increased investment in electric vehicles.

• Aston Martin's first-half losses widened to £216.7 million, with vehicle deliveries down nearly a third from the previous year.
• The company has launched new models including the Vantage sports car and DBX707 SUV, which it hopes will boost sales.
• Executive Chairman Lawrence Stroll remains optimistic about a strong second-half performance and future cash generation.
• Incoming CEO Adrian Hallmark will join earlier than planned to lead the turnaround efforts.
• Aston Martin has earmarked over £2 billion for its transition to electric vehicles by 2027.

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