Aston Martin has revealed half year losses amid the US President’s tariffs and shares for the luxury car maker fell by more than 3% on Wednesday morning.
The company is expecting their full year underlying earnings to “improve towards breakeven.”
In the first six months to 30 June operating losses hit £134.7 million compared to £106.1 million the previous year.
Revenues fell by 34% to £220.5 million in the second quarter and were overall down by 25% in the first six months of the year.
Adrian Hallmark, chief executive of Aston Martin, said, “The evolving and disruptive US tariff situation was unhelpful to our operations in the second quarter.”
He added: “We continue to actively engage the UK Government to urge them to improve the quota mechanism to ensure fair access for the whole UK car industry to the 10% rate on an ongoing basis.”
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