Aston Martin Tumbles After Saying It May Seek More Funding
- British carmaker recently got $660 million capital injection
- Sports-car maker says orders for its key DBX model are growing
Aston Martin's DBX SUV
Photographer: Greg Baker/AFP via Getty Images
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Aston Martin Lagonda Global Holdings Plc said it may raise more funds and will take further steps to cut costs and control cash as the coronavirus pandemic complicates the sports-carmaker’s comeback plan.
The British manufacturer reported a wider first-quarter loss and a 60% drop in revenue. The carmaker recently got a 536 million-pound ($663 million) capital injection from investors including its new chairman, billionaire Lawrence Stroll.