Aston Martin Hemorrhages Cash For Fifth Consecutive Year

Aston Martin made a pre-tax loss of 127.9 million pounds ($172.03 million) in 2015, the fifth consecutive year the company has failed to make a profit, as the number of cars it sold fell and as it invests in expansion.

In 2014, the company reported a pre-tax loss of 71.8 million pounds.

The automaker said today that it had sold 3,615 cars last year, down from 3,661 in 2014. CEO Andy Palmer told Reuters in October that he expected volumes would be "slightly above" 2014 levels.

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skytop - 6/27/2016 9:55:01 AM

+2 Boost

Aston has been building the same cars for the past 10+ years.

mre30 - 6/27/2016 2:36:13 PM

+1 Boost

Time for an automotive corporate finance lesson...

Tesla loses lots of money + Solar City loses lots of money = Tesla bought Solar City.

Therefore = since Aston Martin loses lots of money, then Tesla:Solar City should buy Aston Martin!

Then Aston Martin will FINALLY be a valuable company, because it is owned by Tesla.

MDarringer - 6/27/2016 4:49:58 PM

-1 Boost

This will just be how Mercedes buys them once and for all.

iamdabest1 - 6/28/2016 12:15:00 AM

+3 Boost

time for aston to jump on an SUV bandwagon.

Denali - 6/28/2016 10:46:25 AM

+1 Boost

toyota really needs to buy AM out