Aston Martin Lagonda Global Holdings Plc climbed the most in four months after the British carmaker issued an upbeat outlook for the coming year, driven by demand for its debut SUV. The company plans to produce 6,000 vehicles this year, up from just 3,394 in 2020, with the £158,000 ($223,000) DBX model accounting for much of that output. Aston Martin’s quarterly revenue and adjusted earnings beat estimates, sending the shares up as much as 13 per cent in London.
Aston Martin spent last year restructuring itself after a rescue by Canadian billionaire Lawrence Stroll. The 61-year-old fashion mogul has injected much-needed cash and forged closer ties with Daimler AG’s Mercedes-Benz to ensure the company survives tumultuous times for the auto industry.