Fast and Furious Debt Pile-Up Threatens U.K.’s Luxury Carmakers
- Carmakers burn through cash as factories closed, sales plummet
- McLaren, Aston Martin may seek fresh funding amid crisis
Photographer: Daniel Acker/Bloomberg
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British luxury carmakers’ bonds have tumbled amid sluggish sales and the prospect of a brutal global recession, just as the heavily-indebted companies mull raising more cash to cope with the Covid-19 pandemic.