Aston Martin Lagonda, the only British carmaker on the London Stock Exchange, is facing severe financial difficulties, missing all 2024 targets due to production cuts and declining demand in China. Under new CEO Adrian Hallmark, the company is burning over 1 million British pounds ($1.3 million) daily, with net debt climbing to 1.21 billion British pounds ($1.6 billion). After a disappointing third quarter, Aston Martin reported a 12 million British pounds ($15.7 million) loss despite an 8% revenue rise and has revised production targets down by 14% to 6,000 vehicles. The DBX 4×4 has seen a 54% drop in sales in China, now making up only 30% of total sales. The company has abandoned its goal of achieving cash flow break-even by the end of 2024, raising concerns about its future competitiveness in the luxury electric vehicle market.