Luxury British carmaker loses R51 billion
- Aston Martin reported a £77 million pretax loss for the third quarter, underscoring the challenge the luxury-car maker faces in trying to get a handle on its large debt pile.
- The company has now lost roughly £2.3 billion after tax since billionaire Lawrence Stroll took over some six years ago.
- Aston Martin shares rose as much as 4.7% in early London trading on Wednesday before paring gains, giving the company a market valuation of less than £400 million.
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