Aston Martin are in the money | Industry - Car News Nov 2017

INDUSTRY

11:10 Thursday 23 Nov 2017

Aston Martin are celebrating after reporting record profits for the first nine months of 2017.

The luxury sports car maker’s income for the first nine months of 2017 was a record £567 million, up by a staggering 84% and seeing pre-tax profits leap to £22 million. It completes a remarkable turnaround for Aston Martin, reversing prior-year losses of £124 million.

Dr Andy Palmer, Aston Martin President and CEO, said: “Our strong financial performance and continued profitability reflects the growing appeal of our high-performance sports cars, with the new DB11 Volante and a new Vantage expected to stimulate further demand in the coming year”.

In addition to new products, Aston Martin has pushed on with massive investment in its manufacturing facilities, with the new St Athan plant in Wales on schedule to begin production of a new luxury sports utility vehicle by 2019.

 

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