Aston Martin Shares Crash Following Downward Revision Of Annual Delivery Forecast
“The DB12 production ramp-up was temporarily affected...”
Tyler Durden
#ZeroHegde: "Shares of troubled luxury sports carmaker #AstonMartin plunged as much as 20% in #London, following the company's downward revision of its yearly vehicle delivery forecast and supply chain snarls impacting the DB12 model for the third quarter.
According to #Bloomberg, Aston expects 6,700 deliveries this year, down from the previous forecast of 7,000. There was a noticeable slide in wholesales to #China, down 57% in the first nine months of the year, while wholesales increased in the #Americas and #Europe."
"Aston Martin's shares have been consistently heading in one direction: downward.
Throughout its 110-year existence, #Aston has faced #bankruptcy seven times. The first time was in 1924, while the last was in 2007."