Aston Martin posts further losses but insists turnaround on track

Aston Martin Lagonda recorded worse-than-expected losses (Aston Martin/PA) -

Luxury carmaker Aston Martin Lagonda has laid bare the scale of its challenge to turn around its fortunes as it recorded worse-than-expected losses.

The group saw pre-tax losses widen to £88.7 million in its second quarter from £61.2 million a year ago, leaving it slumping in the red by £154.2 million overall in the first half.