About: http://data.cimple.eu/news-article/3bc487f985f6e34171601df3b750ecbf47ba9c014e03398f510600a7

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About: http://data.cimple.eu/news-article/3bc487f985f6e34171601df3b750ecbf47ba9c014e03398f510600a7 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	James Bond's favourite carmaker Aston Martin revealed Thursday that losses almost quadrupled in 2020 as a result of the coronavirus fallout. Pre-tax losses widened to £466 million ($659 million, 542 million euros) last year from £119.6 million in 2019, Aston Martin Lagonda said in a results statement. The luxury group also wrote off almost £100 million of investments in scrapped projects, including its electric car plans. Revenues sank 37 percent to £611 million on tumbling demand with dealerships shuttered by lockdown restrictions, despite a fourth-quarter boost from its new DBX sports utility vehicle. Retail sales nevertheless dived by almost a third to a total of 4,150 cars. "The uncertainty surrounding the duration and impact of the pandemic on the global economy continues, with the pace of emergence from lockdown and recovery in consumer demand varying significantly across geographies," the company warned. Aston Martin's fortunes have also been hit by coronavirus-related delays to James Bond spy blockbuster 'No Time To Die'. The film, which originally slated for release in March 2020 and has been pushed back multiple times, is currently set to hit cinemas in October. Bond films traditionally feature various top-end Aston Martin cars that give the company a valuable marketing boost. The company launched on the stock market in 2018 to great fanfare, with a string of its luxury supercars parked outside the London Stock Exchange. However, losses almost doubled in 2019, as the group crashed spectacularly on weak global demand linked to China's slowdown and Brexit. Aston subsequently clinched a cash injection from Canadian billionaire Lawrence Stroll at the start of last year. As part of the deal, the Racing Point Formula One team -- whose drivers include Lawrence Stroll's son Lance Stroll -- has rebranded as Aston Martin for the 2021 season. rfj/phz/rl
schema:headline	007 carmarker crashes into more losses on virus impact
schema:mentions	London Stock Exchange Formula One 2001 Omsk An-70 crash James Bond Sport utility vehicle Hertz Stock market Electric car 2010 Tarco Airlines Antonov An-24 crash Billionaire Glenn L. Martin Company Brexit Lockdown Pandemic Virus China Severe acute respiratory syndrome coronavirus 2 Lagonda Aston Martin Spy film Lawrence Stroll No Time (The Guess Who song) Lance Stroll Racing Point F1 Team
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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