Luxury car manufacturer Aston Martin has scaled back its investment plans in a bid to reduce costs amidst escalating losses.

The company also announced it is reassessing its strategy for future models as sales continue to plummet due to the impact of US tariffs and dwindling demand in China .

Aston Martin Lagonda informed shareholders that it will decrease its five-year investment commitment from £2 billion to £1.7 billion, initiating a review into costs and capital expenditure.

The car firm, renowned for its affiliation with the James Bond franchise, disclosed it is also investing £350 million into its operations this year, marking the latest reduction to its spending plans.

Earlier this month, the company confirmed it was on course for £375 million of investment, having already r

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