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Aston Martin delays electric car plans again and cuts jobs in quest for profit
The Guardian
|February 27, 2025
The British sportscar maker Aston Martin has further delayed its first battery electric vehicle and announced plans to cut 170 jobs -5% of its global workforce - in the latest step in its quest for profits.
The FTSE 250 manufacturer said yesterday its priority was plug-in hybrid cars, which combine a small battery with a petrol engine. The first electric model will come in "the latter part of this decade".
It is the latest delay in the electric plans for Aston Martin, famed as the car driven by James Bond in the British spy films. The company had planned to showcase an electric car in 007's most recent cinema outing - No Time to Die, filmed in 2019-but it cancelled that model and last year it first postponed its electric car to 2026.
This story is from the February 27, 2025 edition of The Guardian.
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