Cars
Aston Martin’s Debut SUV Helps Quadruple Carmaker’s Revenue
- The $180,000 DBX was more than half of six-month deliveries
- Billionaire chairman has injected cash, hired new management
Aston Martin Lagonda Global Holdings Plc. more than quadrupled revenue last quarter as the the carmaker ramped up sales of its first-ever sport utility vehicle.
The $180,000 DBX paced a revenue surge to 274.4 million pounds ($381 million) from 57.2 million pounds a year ago, beating analysts’ average estimate. Adjusted earnings also exceeded expectations.