Core Insights - Aston Martin has warned of deepening losses this year due to weaker-than-expected demand in North America and Asia-Pacific, compounded by the impact of US tariffs [1][3] - The company no longer anticipates meeting its previous wholesale guidance for 2025 following disappointing third-quarter performance and revised fourth-quarter expectations [2] Financial Performance - Adjusted EBIT for 2025 is now forecasted to be a loss of £-110 million (-$148 million), below market consensus, due to reduced volumes and pressure on gross margins [4] - Capital expenditure for 2025 is expected to be around £375 million, down from an earlier estimate of £400 million, while SG&A is projected to decline by approximately 10% from 2024's £313 million [4] Sales and Deliveries - Wholesale deliveries in Q3 2025 were approximately 1,430 units, below prior guidance and down from 1,641 units in Q3 2024, attributed to softer demand in North America and APAC [6] - Retail volumes in the quarter were consistent with wholesales, but financial performance was negatively impacted by a less favorable mix due to fewer special deliveries [6] Future Outlook - The company does not expect to generate positive free cash flow in the second half of 2025, although it anticipates sequential improvement in Q4 [5] - Aston Martin expects a material improvement in profitability and free cash flow in 2026, supported by consistent Valhalla deliveries and ongoing cost reduction measures [5] Product Development - The company has continued to roll out new core derivatives, with deliveries of the Vanquish Volante beginning in Q3, and expects to start delivering the Vantage S and DBX S in Q4 [7] - Aston Martin completed the sale of shares in AMR GP during Q3, ending the period with total liquidity of approximately £250 million [8]

Core Viewpoint - A report from the State Bank of India (SBI) suggests a potential 25 basis points (bps) cut in the repo rate due to benign inflation, although most economists anticipate the Monetary Policy Committee will maintain the current rate during the announcement on October 1 [1] Group 1 - The SBI report indicates a favorable inflation environment that could justify a rate cut [1] - Economists are divided on the outlook, considering factors such as GST rationalization, US tariffs, and overall growth stability [1]

Monetary Policy - Bank of Canada cut interest rates [1] - The cut is a response to economic and labor market damage from US tariffs [1] - The bank remained vague about future monetary easing plans [1]

Group 1 - The LA CorpGov Forum took place on September 4, 2025, at the Edelman Headquarters, featuring over a hundred institutional investors, corporate executives, and USC faculty/alumni [1] - The forum included a variety of activities such as panels, fireside chats, and networking opportunities [1] Group 2 - Key topics discussed included the impact of uncertainty on international business, particularly in Asia [3] - Challenges and opportunities related to US tariffs were highlighted during the discussions [3] - There was a focus on fund inflows into the US and the dynamism present in the Asian market [3]

Monetary Policy - The Philippine central bank will either maintain the current key rate or implement one more rate cut in 2024 [1] - The central bank's decision hinges on economic data and the effects of US tariffs [1]

Private Credit Market Overview - Private credit executives' hope for a deal comeback was quashed in Q2 [1] - US tariffs and a prolonged deal drought stymied capital deployment in the industry [1]

Monetary Policy - Thailand is expected to cut its key rate at the last meeting led by the outgoing Governor [1] - Policymakers aim to shield the economy from the risks of US tariffs and deflation [1]

President Donald Trump is set to meet Goldman Sachs CEO David Solomon on Thursday afternoon, as financial markets brace for the impact of widespread US tariffs and with lingering questions over the administration’s plans for banking regulation. https://t.co/HgtuwXiFP2 ...

Industry Impact - US tariffs negatively impacted Lesotho factory producing Trump golf shirts [1] - Factory survival is questioned due to US tariffs [1]

Trade Relations - EU indicates a potential trade deal regarding US tariffs is within reach as the 1st August deadline approaches [1]