Aston Martin Counts on Cost Drive to Help Carmaker End Losses

Aston Martin reported an operating loss of £12.1 million ($15.7 million) for the three months through September. — Aston Martin reported an operating loss of £12.1 million ($15.7 million) for the three months through September.
Photographer: Benjamin Cremel/AFP/Getty Images

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By Jamie Nimmo

October 30, 2024 at 8:06 AM UTC

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Aston Martin Lagonda Global Holdings Plc Chief Executive Officer Adrian Hallmark pledged to step up cost-cutting efforts after the luxury-car maker reported another quarterly loss.

The British manufacturer reported an operating loss of £12.1 million ($15.7 million) for the three months through September, although this wasn’t as bad as analysts were expecting. It cited issues including weak demand in China.