Aston Martin Reports £24.6 Million Loss

Aston Martin 1 photo
Photo: Aston Martin
British sportscar manufacturer Aston Martin has posted a post-tax loss of £24.6 million (€29 million / $39.3 million) in 2012, The Telegraph reports, £3.4 million (€4 million / $5.4 million) more compared to the previous year.
The loss was reportedly caused by the market segment which “has been severely affected by recession” and the “weakness in European markets and vehicle launches occurring in the fourth quarter”. Last year, Aston Martin sales went down nine percent to 67,500 units from 110,000 vehicles in 2007.

In other Aston Martin related news, word has it the Toyota iQ-based Cygnet city car was discontinued after selling roughly 150 units. The €35,000 Aston Martin was introduced in February 2011, with the automaker aiming to sell 4,000 examples a year.

Not quite the Centenary year Aston Martin was hoping for...
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About the author: Ciprian Florea
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Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
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