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.
Adrian Hallmark, Aston Martin chief executive, said, “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.”
