Aston Martin delays first battery electric vehicle again and plans job cuts

Sportscar maker says priority is plug-in hybrids, while cutting costs will reduce global workforce by 5%

The British sportscar maker Aston Martin has further delayed its first battery electric vehicle, as it announced plans to cut 170 jobs - 5% of its global workforce - in the latest step in its quest for profits.

The FTSE 250 manufacturer on Wednesday said its priority was plug-in hybrid cars, which combine a small battery with a petrol engine. The first electric model will only come in the latter part of this decade".