Aston Martin losses more than double amid hopes for turnaround in 2023

Sportscar maker's 495m loss in 2022 follows spending on new models and supply chain problems

Aston Martin has revealed that its losses more than doubled during 2022 as the sportscar maker spent heavily on new models and struggled through supply chain problems hitting the global car industry.

The UK-listed carmaker reported a loss before tax of 495m in 2022, up from 214m the year before, even as sales rose 26% to 1.4bn. It made an operating loss of 118m after adjusting for some one-off costs, less than the 135m expected by analysts.