Luxury car manufacturer Aston Martin to cut another 20% of its workforce

Gelonghui, February 25th｜British luxury car manufacturer Aston Martin has announced another 20% round of layoffs. This restructuring comes as the company is impacted by the US quota tariff system and faces extremely sluggish demand in the Chinese market. Despite multiple capital injections, Aston Martin continues to struggle with cash flow issues, and its £1.38 billion debt burden continues to drag down its performance. The company expects to face cash outflow pressures until 2026, but the situation is expected to improve thereafter.