Aston Martin trims workforce as tariffs and EV shift reshape luxury auto

Aston Martin will cut about 600 jobs (20%) after net losses rose by more than 50% last year, blaming US tariffs for the downturn. The luxury carmaker faces a tougher market, needs to accelerate electrification/hybrid tech, and may seek partnerships (e.g., with Mercedes) to regain profitability, while the West Midlands economy feels the impact of the cuts and industry-wide shifts toward EVs and changing consumer demand.