Aston Martin Lagonda Global Holdings Plc has reported an operating loss of £12.1 million ($15.7 million) for the third quarter ending September, which exceeded analysts' expectations.
The luxury car manufacturer is currently facing challenges, including weak demand in China, which has contributed to its financial struggles. In response to the ongoing losses, CEO Adrian Hallmark has pledged to intensify cost-cutting measures in order to stabilize the company's financial performance.
The focus on reducing expenses comes as Aston Martin aims to navigate a challenging market environment and enhance its profitability.