British luxury car maker Aston Martin not having the best of times. As we have already informed you, the company is facing serious financial difficulties caused by a drop in demand for their cars in key markets and supply problems.
Aston Martin reported a significant loss for the third quarter. Although the company exceeded some forecasts, continued financial losses point to serious problems. The most curious thing is that since the beginning of the year the company is losing more than 1.8 million dollars every day.
The main reason for the deterioration in financial indicators is the decrease in demand for the DBX model, which previously accounted for more than half of all company sales. Sales of this sports car fell by 52%. In addition, the company is negatively affected by the weakening of demand in the Chinese market.
Despite these difficulties, Aston Martin management remains optimistic. CEO Adrian Hallmark stated that the company is taking the necessary measures to resolve the issues that have arisen and expects to improve its financial results in the future.
However, analysts are concerned about the company's growing debt and its ability to overcome current difficulties. High levels of debt and declining demand for key models pose serious risks to Aston Martin's future.