Aston Martin still planning for the worst despite Brexit deal

LONDON (Reuters) – Aston Martin’s boss said the Brexit deal agreed by Britain and the EU is “good enough” but the company will not halt contingency plans while doubts remain over whether the agreement will be receive UK parliamentary backing.

The luxury carmaker, which listed on the London Stock Exchange last month, posted a rise in third-quarter profit yesterday, doubling sales with the aid of strong demand in China.

Aston Martin shares lost more than 20 percent of their value in the first few weeks since their Oct 3 market debut at 19 pounds ($24.63) and were down more than 7 percent at 14.73 pounds by 0826 GMT, with Jefferies analysts saying revenue had fallen short of expectations

Business has cautiously welcomed the Brexit agreement announced late on Wednesday, which manufacturers hope will allow them to continue the complex flow of parts and finished models across borders.

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