UK's Aston Martin flags deeper annual loss amid US tariffs and slowing demand

Core Viewpoint - Aston Martin has warned of a significant annual loss due to weaker demand in North America and Asia Pacific, compounded by U.S. tariffs, leading to a 6% drop in shares [1][3]. Group 1: Financial Performance - The company now expects its annual loss to exceed 110 million pounds ($147.81 million), a sharp decline from previous forecasts of breaking even [2][5]. - Aston Martin's shares have decreased nearly 30% in value over the past twelve months, with a current price of 76.1 pence [3]. Group 2: Market Conditions - The company is facing a challenging environment, citing the U.S. tariff quota system, changes in ultra-luxury car taxes in China, and supply pressures following a cyber incident at Jaguar Land Rover [3][4]. - Aston Martin anticipates a mid-to-high single-digit percentage decline in 2025 volumes and has reduced its capital spending plans [4]. Group 3: Production and Deliveries - In the third quarter, Aston Martin delivered approximately 1,430 wholesale units, falling short of the previous year's 1,641 units [7]. - Deliveries of the Valhalla hypercar are expected to begin in the fourth quarter with around 150 units, delayed due to vehicle engineering and regulatory approval processes [8].