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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Will Aston Martin continue to rack up big losses?

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Luxury car maker Aston Martin Lagonda (AML) is set to report its 2023 results on 28 February under something of a cloud, with its shares close to 52-week lows and trading at just a fraction of their value at the time of the IPO in October 2018.
Meanwhile, the optimistic comparisons the company made for itself with Ferrari (RACE:NYSE) look as pie in the sky as they ever did.
Clearly, investor optimism is in short supply as the company prepares to release its annual numbers. In November 2023, it cut its full-year volume outlook for the recently-launched DB12 model. According to the company, the trimmed guidance was linked to delays experienced with the DB12 ramp-up during the third quarter.
The market will be hoping for an update on cash outflows and mounting losses and what this means for the balance sheet. At the last count the business was burdened with £750 million of net debt. The company has talked about completing a refinancing exercise in the first half of 2024.
Having taken control of the business in 2020 as part of an effective rescue effort, executive chair Lawrence Stroll is reportedly running the rule over a potential fourth chief executive under his aegis to replace the incumbent, Ferrari veteran Amedeo Felisa. The company recently launched a two-seater Vantage sports car, which alongside the DB12 and DBX707 ‘supercar SUV’ is seen as key to the firm's success as Stroll aims to turn its fortunes around.
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