The arrival of a new chief executive at Aston Martin Lagonda has prompted the luxury carmarker to rip up its financial plans for the year and cut production, sending shares in the company crashing.
An admission by Adrian Hallmark, the new Aston boss, headhunted from Bentley, that the Warwickshire-based business will miss its 2024 targets because the supply chain has been unable to deliver parts for the four models that have been upgraded over the last year, saw the stock plunge to a two year low, down 20 per cent, or 32p, at 127½p.
In what the company called “a strategic realignment” of its 2024 volume targets, it said it will now be producing 6,000 cars in the year, 1,000 fewer than previously guided, a