British luxury carmaker Aston Martin Lagonda on Wednesday revealed its third-quarter net losses more than doubled on supply-chain disruptions, offsetting accelerating sales.
A logo on the new Aston Martin DBX at the new Aston Martin Lagonda factory in Barry, Wales, Britain February 21, 2020. REUTERS/Rebecca Naden/Pool
Aston Martin faced “supply chain and logistics disruption as well as inflationary pressures impacting the broader automotive industry” which delayed car deliveries and ramped up costs, noted chairman Lawrence Stroll.– Britishvolt – The startup, which is developing a £3.8-billion electric battery factory in northeastern England, also warned that the “weakening economic situation is negatively impacting much business investment”.
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