Aston Martin Lagonda halved losses in 2023 as average selling prices hit record highs, the British luxury auto giant announced Wednesday.
Pre-tax losses totalled £240 million ($303 million) last year, down from £495 million in 2022, the company said in a results statement.
Revenue jumped 18 percent to £1.6 billion, added the carmaker whose…
Aston Martin Lagonda halved losses in 2023 as average selling prices hit record highs, the British luxury auto giant announced Wednesday.
Pre-tax losses totalled £240 million ($303 million) last year, down from £495 million in 2022, the company said in a results statement.
Revenue jumped 18 percent to £1.6 billion, added the carmaker whose top-end vehicles are beloved by fictional British spy James Bond.
“In 2023, Aston Martin delivered…, driven by continued strong demand for our ultra-luxury, high-performance products,” said chairman Lawrence Stroll.
“The rich mix of sales, driven by our ongoing commitment to product innovation, supported growth in average selling prices to record levels.”
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Aston Martin is pushing ahead with the electrification of its cars, with an investment of about £2 billion in the next few years.
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