Aston Martin to Cut 20% of Workforce Amid Losses and US Tariffs Impact

Aston Martin plans to cut up to 20% of its roughly 3,000 workforce following annual losses worsened by US quota-based tariffs and weak demand in China. The British luxury carmaker, known for its association with James Bond, faces challenges including high debt of around £1.38 billion and product delays. Despite repeated capital injections, the company expects further cash outflows in 2026 but anticipates improvement thereafter, aiming to reduce costs by approximately €40 million through layoffs.