US EditionAston Martin cuts earnings outlook amid US tariff hit
UNITED KINGDOM, JUL 30 – Aston Martin's second-quarter revenues fell 34% amid US tariffs; the company expects full-year earnings to improve toward breakeven after cutting shipment volumes to the US.
- In June, shipments resumed under a 10% tariff for the first 100,000 vehicles per manufacturer, following US tariff increases and Aston Martin limiting shipments in the second quarter.
- Shares fell over 3% in morning trading on Wednesday, while wholesale sales by volume declined 8% to 972.
- Adrian Hallmark said the evolving US tariff situation was unhelpful to operations and urged the UK Government to improve the quota mechanism for fair access to the 10% rate.
- Amid this, Aston's stock has fallen over 3% in Wednesday morning trading, as the group expects full-year earnings to improve towards breakeven.
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He beat everyone else. Sports car manufacturer Aston Martin managed to get a record number of cars into the United States in 24 hours, beating its competitors. He made the most of the opportunity to pay a 10 percent tariff on imports to the United States instead of the 27.5 percent rate. The Americans limited the lower rate to one hundred thousand British cars delivered per year, regardless of brand.
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Coverage Details
Total News Sources36
Leaning Left6Leaning Right3Center6Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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