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Aston Martin woes not only in F1 as shares drop 17%
Lawrence Stroll's ambitious Aston Martin project is not only performing well below expectations in Formula 1 as the sportscar sales side has suffered too, due to 'supply snags delaying turnaround' causing a 17% drop in the share price. Aston Martin blamed global supply chain problems for pushing back an expected improvement in its finances, as the luxury carmaker cut its 2022 deliveries and margin forecasts. Shares in the British company fell up to 17% in early Wednesday trade after it said cash inflows were only likely towards the end of the fourth quarter and into early 2023. In July, it had forecast an improvement in its finances in the second half of the year, predicting positive free...
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2y ago from GrandPrix247.com
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