Aston Martin said 'external factors within the global automotive industry' meant full-year earnings would likely fall below last year's outcome of £305.9million and it no longer expects to boast positive free cash flow. The FTSE 250 carmaker, which saw losses widen in the first half of the year, announced a 'strategic realignment' to address the issues, with a 1,000 vehicle cut to 2024 wholesale volumes.
Aston Martin puts the breaks on profit expectations amid China slowdown Chinese authorities have piled in with monetary and fiscal stimulus in efforts to reverse a significant slowdown in the world's second largest economy, amid a severe downturn in its property market. Weaker Chinese consumer strength has weighed on western luxury brands over the last year, with the likes of..
. Mike Sheen.