"Aston Martin has revealed widening losses and as a result the luxury car maker has cut their investment plans to lower costs. Sales have fallen amid US tariffs along with weak demand in China. Aston Martin told shareholders they will cut their investment from £2 billion to £1.7 billion. The luxury car maker said they are investing £350 million into their operations and they are on track for £375 million of investment."
"This year has been marked by significant macroeconomic headwinds, particularly the sustained impact of US tariffs and weak demand in China. In response to these market dynamics, we have taken, and continue to take, proactive steps to strengthen our overall position. Work is under way to review our future product cycle plan with the aim of optimising costs and capital investment whilst continuing to deliver innovative, class leading products to meet customer demands and regulatory requirements."
Aston Martin reported widening losses and reduced planned capital investment from £2 billion to £1.7 billion to lower costs. Sales declined amid sustained US tariffs and weak demand in China, pressuring revenue and margins. The company confirmed £350 million of operational investment and expects to be on track for £375 million of total investment. Management is reviewing the future product cycle to optimise costs and capital expenditure while maintaining product innovation and regulatory compliance. Proactive measures are under way to strengthen the overall position and adapt to current macroeconomic headwinds. The review aims to balance cost reduction with delivery of class-leading products to meet customer expectations.
Read at London Business News | Londonlovesbusiness.com
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