The company plans to reduce its global workforce by 5% as part of a cost-savings push after it reported weaker earnings and revenue, and pushed back the launch of its first fully electric car.

Aston Martin has confirmed that it will axe approximately 170 jobs as the luxury car giant looks to cut costs. This comes as the listed company, which said it is aiming to

Aston Martin Lagonda said on Wednesday that it was planning to axe around 5% of its global workforce in a bid to cut costs, as it reported a widening of its losses.