Aston Martin Loss Widens on Revenue Drop, But Expects Boost From New Models

A luxury car manufacturer, Aston Martin, reported a wider loss in the first quarter due to lower revenue. However, the company remains optimistic, expecting growth in the second half fueled by the launch of four new models. Similar trends were observed among other European carmakers, including Volkswagen, Stellantis, and Mercedes-Benz Group, which also reported weaker sales and earnings for the first quarter compared to the previous year. Despite these challenges, Aston Martin reaffirmed its long-term outlook for 2024.