Exhibition of Aston Martin DB11 during the Turin Motor Show 2018.
Stefano Guidi | LightRocket | Getty Images
LONDON — Luxury carmaker Aston Martin on Wednesday reported widening losses in the first quarter, as the company stopped production of its core models ahead of a launch a new range of vehicles later this year.
Adjusted loss before tax nearly doubled to £110.5 million ($137.8 million) compared to a loss of £57.3 million in the previous year. Analysts had expected a £93 million first-quarter loss, according to Reuters.
This is a breaking news story and will be updated shortly.
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