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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

Aston Martin slashes losses but stays in the red

Losses at Aston Martin have been slashed dramatically but the manufacturer remains in the red as it looks ahead to a new generation of electric vehicles.

In its full-year results for 2021, the listed sports car maker posted a pre-tax loss of £213.8 million, compared to a loss of £466 million the prior year.

The improvement came as revenue climbed from £611.8 million in 2020 to £1.09 billion last year which was due to substantial volume growth driven by customer demand, it said.

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