LONDON
Aston Martin is on course to post its first annual pre-tax profit since 2010 as strong demand for the luxury automaker’s DB11 sports car boosts its performance.
Pre-tax profit reached 22 million pounds (Dh106 million; $29 million) in the first nine months of 2017, reversing a loss of 124 million pounds in the same period in 2016, it said on Wednesday.
Aston Martin, which is mainly owned by Kuwaiti and Italian private equity firms, last posted a profit in 2010. Its losses then grew, partly due to lack of new models, a high-profile recall and an extended period without a chief executive. (Reuters)
