Aston Martin sees its finances improving

Stroll has been striving to lift margins at Aston Martin and help it become more like rival Ferrari, bringing in former Ferrari top boss Amedeo Felisa as its company’s CEO in May this year.

The Formula One racing team owner expects to sell more cars in the second half of 2022 as some supply chain snags ease and following a ramp up in production of its more profitable models including the DBX707 crossover, and the V-12 Vantage sports car.

“We ended June with more than 350 DBX707s that we had planned to deliver in Q2, still awaiting final parts, consuming tens of millions in cash and temporarily limiting our ability to meet the strong demand we have,” Stroll said.

“We have now started to deliver these vehicles in July and expect further improvements in the supply chain as we move through H2, supporting the delivery of our full year targets.”

The company posted a pre-tax loss of 285.4 million pounds ($347.99 million) for the six months ended June 30, compared with a loss of 90.7 million pounds a year earlier.

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