Aston Martin cuts 170 jobs as losses, debt balloon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2025
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Source: Reuters
Workforce Reduction and Financial Losses: Aston Martin will cut 5% of its workforce to save £25 million due to a significant increase in losses and debt, with adjusted pre-tax losses rising by 48.7% to £255.5 million for the year ending December 31.
Product Focus and Market Challenges: The company is prioritizing the launch of its hybrid model 'Valhalla' while delaying its first electric vehicle, amidst disappointing sales forecasts and risks from potential tariffs and weaker demand in key markets like China.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
