Aston Martin’s Ferrari Dreams Are In Serious Peril

This makes AM the third-worst performing stock in its stock group, UK mid-cap FTSE 250, this year. Because of its falling share prices and aforementioned market challenges in general, there’s now growing speculation about what could happen next. Aston Martin could try to raise more funds, but it could also become a takeover target. Its current market weakness could be exploited. “It’s been a tough time for all of us, but we still believe that what we’ve done is the right thing for the brand,” Aston Martin CEO Andy Palmer said Wednesday.

The company has already cut its sales outlook by over 10 percent, which only pushed down the share prices. For the first half of this year, the company reported an adjusted operating loss of 35.2 million pounds, about $43 million. Last year at this time it reported a 64.4 million pound profit.

Source: CarBuzz

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