Losses at Aston Martin almost quadruple as Covid cuts sales

Luxury sports carmaker reports £466m pre-tax loss just as firm embarks on major turnaround plan

Aston Martin Lagonda’s losses nearly quadrupled during 2020 as the pandemic hit sales just as the sports carmaker’s new bosses were starting a turnaround plan.

The carmaker on Thursday reported a £466m loss before tax for the year, compared with a £120m loss in 2019, as sales slumped and it wrote off nearly £100m of investments in now-abandoned products such as the Rapide electric car.

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