""The group continues to engage with both the U.S. and UK governments to secure greater clarity and certainty. Whilst positive dialogue on this matter has been achieved directly with the U.S. government, the company continues to seek more proactive support from the UK government to protect the interests of small volume manufacturers, like Aston Martin, who provide thousands of jobs, making an important contribution to local economies and to the wider UK automotive supply chain.""
""For UK automotive manufacturers, the introduction of a U.S. tariff quota mechanism adds a further degree of complexity and limits the Group's ability to accurately forecast for this financial year end and, potentially, quarterly from 2026 onwards.""
""heightened challenges in the global macroeconomic environment""
Aston Martin issued a profit warning after US tariffs reduced sales of its Valhalla hybrid supercar and affected wholesale volumes. The company said heightened challenges in the global macroeconomic environment affected wholesale sales in the current financial year. The firm blamed the Labour government for not providing proactive support for small-volume manufacturers. Shares fell 11% to 72p and are down 96% year-to-date. The company warned that a U.S. tariff quota mechanism adds complexity and limits its ability to accurately forecast this financial year and possibly quarterly from 2026. The group is engaging with US and UK governments to seek clarity and support.
Read at London Business News | Londonlovesbusiness.com
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