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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.