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flag Aston Martin cuts 5% of its workforce to improve financial performance amid rising losses.

flag Luxury carmaker Aston Martin plans to cut 170 jobs, or 5% of its workforce, to save £25 million annually amid a 21% rise in pre-tax losses to £289 million and a 9% drop in car sales to 6,030 units. flag The company also delayed the launch of its first fully electric vehicle until the end of the decade. flag Despite launching new models, Aston Martin faces supply chain issues and weak sales in China, contributing to a 43% increase in debt to £1.16 billion.

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