The Economic Times

007 carmaker sees shares crash on profit warning

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Slow down

Aston Martin, which floated on the London Stock Exchange in October, saw its stock slump 22.18 percent to 805.40 pence in morning deals on Wednesday.

"Our wholesale performance is adversely impacted by macro-economic uncertainty and enduring weakness in UK and European markets," said Chief Executive Andy Palmer in the gloomy trading update.

"We are disappointed that short-term wholesales have fallen short of our original expectations, but we are committed to maintaining quality of sales and protecting our brand position first and foremost," he added.

"We remain focused ... on delivering sustainable long-term growth."


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