Aston Martin Plunges as Supply Woes Prompt Profit Warning
- Slow part arrivals reduce vehicle deliveries; earnings to fall
- Mercedes-Benz, VW, BMW, Stellantis also lowered guidance
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Aston Martin Lagonda Global Holdings Plc plunged after the luxury sports-car maker lowered its guidance for the year, blaming supply chain disruption and weak demand in China.
The shares dropped as much as 28% in London trading on Monday, the biggest intra-day move since March 2020. The stock has almost halved since the start of the year.