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The automaker has attributed an earnings downgrade to Donald Trump's tariffs, while simultaneously urging the UK government for greater proactive support.

This manufacturer, producing its cars in Warwickshire and south Wales, lowered its profit outlook on Monday, marking the another downgrade in the current year. The firm expects a larger loss than the previously projected £110m deficit.

Seeking Government Support

Aston Martin expressed frustration with the British leadership, informing investors that while it has engaged with officials from both the UK and US, it had positive discussions directly with the US administration but needed greater initiative from UK ministers.

It urged British authorities to protect the interests of niche automakers such as itself, which create numerous employment opportunities and add value to regional finances and the broader UK automotive supply chain.

Global Trade Impact

Trump has disrupted the global economy with a tariff conflict this year, heavily impacting the automotive industry through the introduction of a 25% tariff on 3rd April, in addition to an existing 2.5% levy.

In May, the US president and Keir Starmer agreed to a agreement to limit duties on one hundred thousand British-made vehicles per year to 10 percent. This rate came into force on June 30, aligning with the final day of the company's Q2.

Trade Deal Concerns

However, the manufacturer criticised the trade deal, arguing that the introduction of a American duty quota system introduces further complexity and limits the company's capacity to accurately forecast financial performance for this financial year end and potentially each quarter starting in 2026.

Additional Factors

The carmaker also cited weaker demand partly due to greater likelihood for supply chain pressures, especially after a recent cyber incident at a leading British car producer.

The British car industry has been rattled this year by a digital breach on the country's largest automotive employer, which prompted a manufacturing halt.

Financial Response

Stock in the company, traded on the LSE, fell by more than 11% as trading opened on Monday at the start of the week before partially rebounding to be down 7%.

The group delivered 1,430 vehicles in its Q3, falling short of earlier projections of being roughly equal to the one thousand six hundred forty-one vehicles sold in the equivalent quarter last year.

Future Plans

Decline in sales comes as the manufacturer gears up to release its Valhalla, a rear-engine hypercar costing approximately £743,000, which it expects will boost earnings. Deliveries of the car are scheduled to begin in the final quarter of its financial year, although a forecast of about 150 deliveries in those three months was below previous expectations, due to technical setbacks.

The brand, famous for its appearances in the 007 movie series, has started a evaluation of its upcoming expenditure and investment strategy, which it said would probably lead to reduced capital investment in engineering and development versus earlier forecasts of about £2bn between its 2025 and 2029 financial years.

The company also informed shareholders that it does not anticipate to generate profitable cash generation for the latter six months of its current year.

The government was contacted for comment.