British luxury automaker Aston Martin said on Wednesday that it will cut up to 20% of its workforce as tariff and regulatory headwinds along with a challenging market backdrop weigh on the business.The company said the cuts will result in an annualized savings of about 40 million pounds ($54 million), most of which will occur this year. The company employs about 3,000 workers.Aston Martin didn't specify when the cuts would occur this year, and they include the 5% workforce reduction the company announced last year.The company also announced that it would trim its five-year capital spending pla...

1 hour ago

On HALO