Aston Martin cuts outlook as U.S. tariffs loom
Aston Martin Reduces Full‑Year Forecast Amid U.S. Tariff Pressure
The British luxury vehicle maker Aston Martin Lagonda on Wednesday lowered its full‑year outlook after U.S. President Donald Trump’s tariffs weighed on its operations.
Key Financial Highlights
- First‑half profit after tax narrowed to £148.8 m ($198.8 m) from £207.8 m a year earlier.
- Revenue fell 25 % to £454.4 m in the first six months.
- Shares slipped more than 5 % on London’s FTSE 250.
Despite the hit, the group expects full‑year adjusted underlying earnings to improve only “toward breakeven”, having previously forecast growth.
Trade Challenges and Restructuring Efforts
Aston Martin limited U.S. imports in April and May while awaiting a trade agreement between London and Washington. Shipments resumed in June after the deal cut tariffs on UK car exports from 27.5 % to 10 % with an annual cap of 100,000 vehicles.
Chief executive Adrian Hallmark urged the UK government to “improve the quota mechanism” so all UK car manufacturers could access the 10 % rate. The company also expects to sell its minority stake in the Aston Martin Aramco Formula One team for £110 m in Q3.
Industry Perspective
Steve Clayton, head of equity funds at Hargreaves Lansdown, noted that “Aston Martin has spent decades proving that it is easier to make cars than money.” He added that “the group’s operational performance should benefit from their ongoing restructuring efforts.”
Workforce Adjustments
Aston Martin said in February it would cut about five percent of its workforce as weak Chinese demand widened losses in 2024.
— The story reflects the impact of U.S. tariffs on a luxury automaker’s financial outlook and restructuring strategy, with a focus on trade policy and workforce changes. —
