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Aston Martin secures £50m financing as it posts another loss
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Aston Martin secures £50m financing as it posts another loss

The Independent·Anna Wise·about 1 month ago
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Aston Martin Lagonda has secured a fresh £50 million worth of financing after reporting another quarterly loss, but the carmaker set its sights on a boost from its new sportscar. The British luxury carmaker said the automotive industry was grappling with numerous challenges including US tariff policy and war in the Middle East , while it has struggled with consecutive losses and weakening sales. The company said it had agreed to the new £50 million facility with the investment vehicle led by billionaire Lawrence Stroll , who is a major shareholder and part owner of Aston Martin. Mr Stroll has been overseeing the business’s efforts to turn its performance around and shore up its balance sheet. This included plans to cut up to nearly 600 jobs, representing 20% of its workforce, under the latest restructuring programme. It comes as it reported an adjusted loss before tax and interest of £56.9 million for the first three months of 2026.…

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