UK car manufacturer Aston Martin has reported narrower first-quarter losses and secured a £50m (€58m) funding package from chairman Lawrence Stroll’s Yew Tree consortium.

Pre-tax losses fell to £65.5m (€75.9m), compared with £79.6m (€92.3m) a year earlier, while revenue rose 16% to £270.4m (€313.7m). Wholesale volumes dipped 1% to 939 vehicles.

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