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		</div><p>Shares in Aston Martin Lagonda have plummeted once again after the luxury car-maker revealed it swung to a £78.8 million (€86m) loss as demand from dealers fell across the UK and Europe.</p>
<p>The stock plunged another 14%, having been more than a fifth lower at one stage, after the group revealed the hefty loss for the six months to June 30, compared with a profit of £20.8 million (€22.7m) a year earlier.</p>
<p>The company saw sales volumes to dealers in the UK slump by 17% in the first half and fall 19% in the rest of the Europe, Middle East and Africa region.</p>
<p>The firm – which last week saw more than a quarter wiped off its stock market value after a shock profit warning – posted a 4% drop in total revenues to £407.1 million (€444m) and blamed the performance on a “more challenging” global economy.</p>
<p>The maker of cars favoured by fictional spy James Bond has suffered a dismal start to life as a listed company, having seen shares plunge from 1,900p on flotation last October to less than 454p at current prices.</p>
<p>There had also been heavy criticism over the cost of the float, after bosses revealed that it cost £136 million (€148.4m) to list the business.</p>
<p>In its interim results, the group’s president and chief executive, Andy Palmer, said: <em>“We are disappointed that our projections for wholesales have fallen short or our original targets, impacted by weakness in two of our key markets as well as continued macro-economic uncertainty.</em></p>
<p><em>“Accordingly, we have taken action to reduce wholesale guidance for 2019.</em></p>
<p><em>“We are also improving efficiency across the business, whilst protecting the brand.”</em></p>
<p>A better performance across the Asia Pacific region and Americas helped overall wholesale sales increase by 6% to 2,442.</p>
<p>The company said dealers were taking action to manage supply after starting the year with high stock levels, which “particularly impacted the UK and Europe where deteriorating macro-economic factors are also now starting to be felt”.</p>
<p>Retail sales rose 26% in the first half.</p>
<p>But the group has slashed its annual wholesale sales forecast from a range of 7,100 to 7,300 to between 6,300 and 6,500.</p>
<p>It also said it has put in place plans to “ensure operational readiness for the supply of parts and cars” after Brexit, but was “not immune” to any impact from a cliff-edge withdrawal.</p>
<p>Mr Palmer – who has previously described the Government’s Brexit strategy as “laughable” – said the group did not want a no-deal and insisted the industry needs certainty.</p>
<p>He said: <em>“We do not want a no-deal Brexit because of the disruption that causes with issues at the border.</em></p>
<p><em>“Now we’ll live with it, if that’s what it is, and the car industry in general is pretty resilient once it knows what it’s dealing with.”</em></p>
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