Aston Martin has issued a profit warning as US tariffs hit sales of the luxury carmakers Valhalla hybrid supercar.
The carmaker told shareholders “heightened challenges in the global macroeconomic environment” affected wholesale sales in the current financial year.
Aston Martin blamed the Labour government for not providing “proactive support to protect the interests of small volume manufacturers, like Aston Martin.”
On Monday shares in Aston Martin Lagonda dropped 11% to 72p and are now down by 96%.
In a trading update the luxury carmaker said, “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.
“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.”
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