March 24 (Reuters) – Aston Martin Lagonda Global Holdings PLC:
* UPDATE ON OPERATIONS AND THE IMPACT OF COVID-19
* CURRENTLY ABOUT A THIRD OF DEALER NETWORK IS CLOSED AND A THIRD OPERATING WITH LIMITED CAPACITY AND THIS LEVEL MAY INCREASE
* TEMPORARILY SUSPENDING PRODUCTION AT ITS UK MANUFACTURING FACILITIES FROM TOMORROW, 25 MARCH UNTIL 20 APRIL
* OF 18 DEALERS IN CHINA, SOME OF WHICH WERE CLOSED EARLIER IN YEAR, ALL BUT ONE ARE NOW OPEN
* TAKING ACTIONS TO CONTROL AND RE-PHASE BOTH OPERATING COSTS AND CAPITAL EXPENDITURE
* WORKING WITH ITS SUPPLIERS AND BUSINESS PARTNERS TO BE READY TO DELIVER PRODUCTION TO MEET DEMAND FOLLOWING SUSPENSION
* FOR FULL YEAR, SPORTS CAR WHOLESALES WERE ALREADY PLANNED TO BE MATERIALLY LOWER THAN 2019
* CURRENTLY ABOUT A THIRD OF DEALER NETWORK IS CLOSED AND A THIRD OPERATING WITH LIMITED CAPACITY AND THIS LEVEL MAY INCREASE
* DEVELOPMENT OF ASTON MARTIN VALKYRIE CONTINUES WITH FIRST DELIVERIES STILL CURRENTLY PLANNED FOR H2 2020
* VIRUS NOW IMPACTING DEMAND IN OTHER MARKETS INCREASING UNCERTAINTIES AND RISKS TO FINANCIAL PERFORMANCE OF COMPANY IN 2020
* VIRUS NOW IMPACTING DEMAND IN OTHER MARKETS INCREASING UNCERTAINTIES AND RISKS TO FINANCIAL PERFORMANCE OF COMPANY IN 2020 Source text for Eikon: Further company coverage: