Aston Martin made a pre-tax loss of GBP127.9m in 2015. It was the fifth consecutive year of losses for the luxury sports car maker that says it is in transition as it begins to renew its model range.
The company said that it sold 3,615 cars last year, down from the 3,661 luxury models in 2014.
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Aston Martin is investing heavily to build a new DBX crossover model at a new facility in Wales as part of plans to widen its appeal.
The renewal of the product range begins this September with the launch of the DB11.
Aston Martin also said it expected 2016 sales to be broadly flat but expected core earnings should rise by around 20% thanks to the impact of the DB11 model.
Last week, Aston Martin began the production of a new V12 engine for its new DB11 model at a dedicated plant in Cologne. The DB11's new 5.2L twin-turbo V12 is designed in-house and develops 608PS and 700Nm of torque, making DB11 the most powerful production DB model ever. The DB11 will have a top speed of 200mph and a 0-62mph time of just 3.9sec., while intelligent cylinder bank activation and stop-start technology ensures that potency is matched by greatly improved efficiency, Aston Martin says. Production of the 6.0L V12 and 4.7L V8 engines will continue at the Aston Martin Engine Plant.
DBX to 'transform' Aston Martin business model – CEO
