The brand, which posted a pre-tax loss of 97.9 million pounds ($ 134 million) between July and September, said it expected to take its first steps towards improved profitability this year as it undergoes a transformation plan.
Fictional agent James Bond The automaker of his choice had a tough time after floating in 2018 as it burned in cash, prompting it to attract new investment and a new strategy from billionaire CEO Lawrence Stroll.
It maintained its year-round sales guidance Thursday of around 6,000 cars as production of its Valkyrie model ramps up with deliveries beginning this quarter.
“During the first nine months of this year, we have successfully built the foundation we put in place for the company’s success in 2020,” said Stroll.
“We not only have low distributor inventory, but it’s also healthy and fresh, a testament to our shift toward ultra-luxury positioning. “