Aston Martin losses narrow to £42m

Aston Martin sales have surged, leading losses to narrow.

The carmaker posted a first-quarter loss of £42.2m, which is compared to the £110.1m loss reported in the same period a year earlier.

Sales in the quarter increased to 1,353 vehicles, which is more than double the amount of cars sold in the same period a year ago.

Chairman Lawrence Stroll said: “I am delighted with the great progress we are making as demonstrated by the results we are reporting today which mark the first steps towards achieving our medium-term targets.”

“My co-investors and I are very confident in the future success and potential for Aston Martin as we transform the Company to be one of the greatest luxury car brands in the world.”

Aston Martin shares are trading +0.37% at 1,907.50 (1207GMT).