Aston Martin Lagonda has secured a fresh £50 million financing facility from an investment vehicle led by billionaire Lawrence Stroll, a major shareholder, as the British luxury carmaker reported another quarterly loss. The company posted an adjusted loss before tax and interest of £56.9 million for the first three months of 2026, slightly improved from the £64.5 million loss in the same period last year.
The carmaker said total vehicle sales dipped to 939 units in the first quarter, with UK sales falling by more than a quarter, partly offset by an 11% increase in the Americas. Aston Martin is banking on the launch of its new Valhalla supercar, a plug-in hybrid with a starting price of £850,000, expecting to sell around 500 units this financial year to boost revenues.
Under a restructuring programme, the company plans to cut up to 600 jobs, representing 20% of its workforce. Chief Executive Adrian Hallmark said the latest figures confirm the company is on track to deliver material financial improvement this year, aiming to move towards breakeven.
However, Aston Martin highlighted industry-wide challenges including US tariff policy, changes to China's ultra-luxury car taxes, and the ongoing conflict in the Middle East, which it continues to monitor for potential impacts on global demand and supply chains.
