Hyperdrive
Aston Martin Surges as Demand for $223,000 SUV Brightens Outlook
- British carmaker expects to make 6,000 vehicles this year
- Billionaire Stroll rescued and is restructuring the company
Aston Martin Lagonda Global Holdings Plc climbed the most in four months after the British carmaker issued an upbeat outlook for the coming year, driven by demand for its debut SUV.
The company plans to produce 6,000 vehicles this year, up from just 3,394 in 2020, with the 158,000-pound ($223,000) DBX model accounting for much of that output. Aston Martin’s quarterly revenue and adjusted earnings beat estimates, sending the shares up as much as 13% in London.