As Reuters writes, citing a statement by the head of the company, Adrian Hallmark, due to layoffs, the company will save 40 million pounds sterling (about $54 million).
In addition to staff optimization, Aston Martin is reviewing its investment strategy. The five-year capital spending plan has been cut from £2bn to £1.7bn by deferring investment in electric vehicle development.
Despite the gloomy news, the company’s shares rose almost 5% in trading. Analysts attribute this to the expectation that the measures taken will help stabilize the company’s financial position.
The past year has been one of the most volatile in recent times for the global premium car market, said Adrian Hallmark. As the head of Aston Martin explained, the main reason is the aggravation of the geopolitical situation and the associated macroeconomic challenges, primarily the constant fluctuations in tariff regulation in different countries.
Earlier it was reported that Daimler will present an electric bus, which has a power reserve 2.5 times greater than that of KamAZ.
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