Aston Martin losses balloon ahead of new model ramp up

Aston Martin (AML.L) posted a bigger-than-expected first-quarter pretax loss earlier this week as the British luxury carmaker made fewer cars and burned more cash than analysts anticipated, sending its shares 7 per cent lower.

Aston Martin, which has launched several new cars over the past year including its next generation sports cars the DB12 and Vantage, stopped production of old models ahead of the ramp up in production of fresh models later this year.

“Our first-quarter performance...