Aston Martin Lagonda on Wednesday announced plans to cut up to 20% of its workforce as it reported widening annual losses, citing the impact of US tariffs and weak demand in China.

Honda revealed its 2026 Formula 1 power unit in a dedicated event in Tokyo, marking the start of its exclusive partnership with the Aston Martin F1 team.

Fernando Alonso of Aston Martin set the fastest time in Friday’s first practice session for the Singapore Grand Prix.

Luxury carmaker Aston Martin Lagonda said Monday it planned to sell its minority stake in the Aston Martin Aramco Formula One team to help turn around its loss-making core business.

Aston Martin Lagonda announced Wednesday it would cut about five percent of its workforce as weak Chinese demand contributed to losses widening at the luxury car group last year.

Aston Martin’s new Formula 1 boss, Andy Cowell, will also assume the role of team principal, in addition to his position as CEO.

Aston Martin Lagonda Global Holdings Plc has turned to investors for additional funding after issuing its second profit warning in just two months.

HSBC downgraded Aston Martin Lagonda Global Holdings PLC (LON:AML) stock to a Hold rating from Buy on Thursday and reduced the price target to 118 pence from 180 pence, News.Az reports citing Investing .