Aston Martin losses climb to 227 million pounds in the first half of 2020 | Business

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Aston Martin Lagonda’s losses soared to £ 227million in the first half of 2020, as the coronavirus pandemic shut down dealerships at the ailing British luxury car maker and prompted management to eliminate.The automaker was also forced to restate its two-year income statements after detecting an accounting error that led it to overestimate its profitability in 2018 and 2019.

Aston Martin endured a scorching 12 months as heavy spending on a new factory for a new car, the DBX SUV, followed by the pandemic, pushed it to the brink of bankruptcy. Its main factory in Gaydon, Warwickshire, is not expected to resume manufacturing until the end of August, later than originally planned.

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