Aston Martin has posted a pre-tax loss of £24.6 million in 2012, up from a loss of £21.2 million in the previous year.
According to the Daily Telegraph, the increased loss was down to poor sales, down 9 per cent on last year to £461.2 million.
The news comes just days after Aston Martin announced it was ending production of its Toyota iQ-based city car the Cygnet, following understandably disappointing sales.
The Italian company Investindustrial bought a 37.5 per cent stake in Aston Martin for £150 million last December and as the company seeks to focus on its core sports car range, there is hope that Aston Martin will recover.
Aston Martin has also recently launched a technical partnership with Mercedes AMG which will see the two companies share technology and expertise and which will also allow Aston to use Mercedes engines. Given Aston Martin's very limited range of two, admittedly brilliant, engines, this will be a huge boost for the Gaydon-based firm.
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