Major car brand’s first EV is delayed a YEAR after revealing heavy losses and missed targets [Video]

A MAJOR car brand has revealed it is delaying its first EV a year after revealing heavy losses and missed targets.

The luxury manufacturer has hit the brakes on plans to launch the first electric car.

Aston Martin Lagonda was originally set to release its new battery electric vehicle in 2025.

But the carmaker maker giant is delaying the launch by a year.

The setback comes as the company grapples with substantial financial losses and falls short of its adjusted production targets.

The SUV was expected to be Aston Martin’s first electric vehicle and will eventually be followed by a grand tourer.

Manufacturers had just collaborated with Saudi-backed US luxury EV maker Lucid.

The move resulted in Lucid securing a 3.7% stake in Aston Martin.

The delay in the expected launch was revealed was part of Aston Martin’s annual …