AM Online

Aston Martin could break covenants this year

Aston Martin has warned it could breach its banking covenants later this year because of the economic downturn.

Despite this announcement, Aston Martin chairman David Richards has said the company is in no immediate trouble and better placed than its luxury rivals.

The company has had to cut 600 jobs and Richards confirmed that spending on product development has been delayed by six months.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.