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However, the pandemic forced temporary closures of each its factories and dealerships at varying points during the year. However, the company did spotlight glimmers of hope in an improved last quarter of 2020 due to sales of its new DBX SUV, with revenues three% larger than the same period in 2019, earlier than the pandemic. The carmaker on Thursday reported a £466m loss earlier than tax for the yr, compared with a £120m loss in 2019, as gross sales slumped and it wrote off almost £100m of investments in now-deserted products such as the Rapide electric automotive. Market & Company NewsA complete every day news service of over 300 market and firm tales from our personal StockMarketWire group and the RNS. It is prohibited to use, retailer, reproduce, display, modify, transmit or distribute the info contained in this web site without the express prior written permission of Fusion Media and/or the information provider. All mental property rights are reserved by the suppliers and/or the exchange offering the information contained on this website.

It would appear that Brexit was the best transfer to distance ourselves from the Europeans and their struggles to vaccinate the inhabitants. However, it’s only a matter of time earlier than we’re in the grip of recent / unknown covid variants, so lets hope our current vaccines can cope. Lawrence Stroll held the place of Executive Chairman on the time of this commerce. Robin Freestone held the position of Independent Non-Executive Director at the time of this commerce. Michael de Picciotto held the place of Non-Executive Director on the time of this trade.

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