Aston Martin Slams the Brakes as China Woes Bite
Yahoo Finance·2026-02-26 05:11
Aston Martin Slams the Brakes as China Woes Bite - Moby THE GIST Aston Martin is cutting one-fifth of its workforce as widening losses and tariff turbulence expose just how fragile its turnaround remains. The brand still sells glamour, but geopolitics and weak demand are dictating strategy. WHAT HAPPENED The British luxury carmaker confirmed it will cut up to 20% of its global workforce, roughly 600 jobs out of about 3,000 employees. The company said the reductions should deliver annual savings of around ...