{"id":706308,"date":"2026-07-23T02:20:34","date_gmt":"2026-07-23T02:20:34","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/706308\/"},"modified":"2026-07-23T02:20:34","modified_gmt":"2026-07-23T02:20:34","slug":"aston-martin-secures-550m-loan-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/706308\/","title":{"rendered":"Aston Martin secures \u00a3550m loan deal"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Aston Martin has secured \u00a3550m in loans as it attempts to boost its finances.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The luxury car maker has been struggling in recent years and in March announced it would cut about 600 jobs, as last year&#8217;s net losses leapt by a little over 50% to \u00a3493.2m.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The firm has blamed the effects of US tariffs and weak demand in China.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Its half-year results are set to be published on 29 July, but on Wednesday the firm announced loans that it said would bolster its balance sheet and fund future product plans.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Headquartered in Gaydon, Warwickshire, most of the job cuts were thought to affect sites in the UK, where the majority of its staff are based.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The company has been burning through cash and at the time it announced the job cuts, Aston Martin said the move would mean annual savings of about \u00a340m.<\/p>\n","protected":false},"excerpt":{"rendered":"Aston Martin has secured \u00a3550m in loans as it attempts to boost its finances. The luxury car maker&hellip;\n","protected":false},"author":2,"featured_media":706309,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-706308","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/706308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=706308"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/706308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/706309"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=706308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=706308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=706308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}