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British luxury carmaker Aston Martin cuts 170 jobs as Chinese demand slumps and losses soar

Aston Martin, a British luxury carmaker, announced the reduction of 170 jobs, equivalent to 5% of its workforce.
The company cited supply chain issues, production delays, declining Chinese demand, and a 21% increase in pre-tax losses as factors impacting its sales performance.
Despite its debt increasing by 43% to $1.47 billion and a 33% drop in share value over the past year, Aston Martin remains committed to launching new models and increasing production volumes.

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The Sun

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Barron's

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Anadolu Ajansı

British car manufacturer Aston Martin to lay off 170 employees in wake of annual loss

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1 day ago·Ankara, Türkiye

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Reuters

+3 Reposted by 3 other sources

Aston Martin cuts 170 jobs as losses, debt balloon

Britain's Aston Martin will cut 5% of its workforce to save 25 million pounds ($31.61 million), its chief executive said on Wednesday, after a sharp rise in the luxury carmaker's losses and debt and as sales volumes forecast missed expectations.

1 day ago·United Kingdom

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