Aston Martin saw its pretax loss fall by a third in 2013 to £25.4 million ($41 million) over the same period in 2012.
Reuters reports the drop was backed by an 12.6 percent increase in revenue in 2013, topping out at £519 million ($839.5 million). Sales also increased that year, with 4,200 units sold worldwide over 2012′s 3,800.
Though still on shaky ground — especially in light of U.S. safety regs threatening to block further imports, as well as a February 2014 recall of 17,690 over counterfeit plastic parts from a Chinese supplier — the automaker is moving toward its goal of profitability, with new CEO and former Nissan exec Andy Palmer leading the way. According to CFO Hanno Kirner, that goal would be reached as early as 2016, thanks to a £500 million ($808.8 million) investment program.
The post Aston Martin Gains Some Footing In 2013 appeared first on The Truth About Cars.
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