Summary
Aston Martin has warned of potential financial losses due to U.S. tariffs and supply chain issues. The luxury carmaker is reviewing costs and expects lower sales this year. The company has had to adjust its operations due to tariffs on car imports to the U.S.
Key Facts
- Aston Martin faces financial challenges partly because of U.S. tariffs on car imports.
- The company expects losses greater than £110 million.
- A recent cyber-attack on Jaguar Land Rover has added to supply chain pressures.
- As a result of these factors, Aston Martin's shares fell by up to 11% during trading.
- The firm limited U.S. shipments earlier this year but later resumed when a new tariff agreement was reached.
- The tariffs have made it hard for Aston Martin to predict financial outcomes.
- Aston Martin plans to improve profits by 2025-26 with cost-cutting and its new Valhalla model.
- In February, the company cut 170 jobs to address previous financial losses.
