Today news
About the same in other media
Aston Martin’s new SUV aimed at wealthy women fails to put brakes on losses
Reading now: 292
Luxury carmaker Aston Martin’s losses widened in the third quarter of 2021 despite sales doubling year-on-year as it rolled out its new DBX sports utility vehicle targeted at wealthy female customers.
Britain’s only large listed car manufacturer reported a loss before tax of £98m between July and September, up from £81m in 2020, in results published on Thursday.
The DBX, which has been explicitly aimed at well-off women and starts at about £160,000, has significantly broadened Aston Martin’s customer base beyond the men who overwhelmingly buy its sportscars. That helped its overall sales to more than double from 660 in the third quarter of 2020 to 1,350 between July and September this year.
That in turn delivered a big increase in revenues
Read more on theguardian.comAbout this in other media
Art from acrimonious divorce raises $676m at Sotheby’s in New York theguardian.com /3 years ago
New York billionaire seeks permission for ‘temple for a titan’ theguardian.com /3 years ago
What can Eric Adams do? The limits of turning New York City into a crypto hub cointelegraph.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
