Aston Martin’s losses nearly doubled on lower sales, but carmaker projects growth from new models

LONDON — Luxurious carmaker Aston Martin on Wednesday reported widening losses within the first quarter, as the corporate stopped manufacturing of its core fashions forward of a launch a brand new vary of automobiles later this 12 months.

Adjusted loss earlier than tax almost doubled to £110.5 million ($137.8 million) in comparison with a lack of £57.3 million within the earlier 12 months. Analysts had anticipated a £93 million first-quarter loss, based on Reuters.

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