Aston Martin Lagonda has issued a second downgrade to its financial outlook, warning of increased losses exceeding £110 million due to US tariffs and supply chain disruptions, including those stemming from the Jaguar Land Rover cyber-attack.

• The luxury carmaker’s shares tumbled by as much as 11% following the announcement, reflecting concerns over reduced wholesale volumes predicted to drop by a mid-high single-digit percentage.
• The firm attributed its struggles to the global macroeconomic environment, particularly the ongoing impact of US tariffs and China’s ultra-luxury car taxes, affecting performance in North America and Asia.
• Aston Martin is engaging with the US and UK governments for clarity on tariff quotas and hopes its Valhalla model will help improve profitability significantly by 2025-26.