ð Share this article Aston Martin Announces Earnings Alert Amid US Tariff Pressures and Seeks Government Support The automaker has blamed an earnings downgrade to Donald Trump's tariffs, while simultaneously urging the UK government for more proactive support. The company, which builds its cars in factories across England and Wales, revised its earnings forecast on Monday, marking the second such downgrade this year. The firm expects deeper losses than the earlier estimated ÂĢ110 million shortfall. Requesting Official Backing Aston Martin expressed frustration with the UK government, telling shareholders that while it has engaged with officials on both sides, it had positive discussions with the American government but required more proactive support from UK ministers. The company called on British authorities to safeguard the interests of small-volume manufacturers such as itself, which create thousands of jobs and add value to regional finances and the broader UK automotive supply chain. Global Trade Effects Trump has shaken the global economy with a tariff conflict this year, significantly affecting the car sector through the imposition of a 25% tariff on April 3, on top of an previous 2.5 percent charge. During May, the US president and Keir Starmer agreed to a agreement to cap tariffs on one hundred thousand British-made vehicles annually to 10%. This rate came into force on June 30, coinciding with the final day of the company's Q2. Agreement Concerns Nonetheless, Aston Martin expressed reservations about the bilateral agreement, arguing that the implementation of a US tariff quota mechanism introduces further complexity and restricts the company's ability to accurately forecast earnings for this financial year end and possibly each quarter starting in 2026. Other Factors Aston Martin also cited reduced sales partially because of greater likelihood for supply chain pressures, especially following a recent cyber incident at a major UK automotive manufacturer. UK automotive sector has been rattled this year by a cyber-attack on the country's largest automotive employer, which led to a production freeze. Financial Response Stock in Aston Martin, traded on the London Stock Exchange, dropped by more than 11% as markets opened on Monday morning before partially rebounding to stand down 7%. Aston Martin delivered 1,430 vehicles in its third quarter, missing earlier projections of being broadly similar to the 1,641 cars sold in the same period last year. Future Initiatives The wobble in sales coincides with Aston Martin prepares to launch its flagship hypercar, a rear-engine supercar priced at around ÂĢ743,000, which it hopes will boost profits. Shipments of the car are expected to begin in the last quarter of its fiscal year, although a projection of about 150 units in those final quarter was lower than earlier estimates, reflecting technical setbacks. Aston Martin, well-known for its roles in the 007 movie series, has started a evaluation of its upcoming expenditure and spending plans, which it indicated would probably result in lower spending in R&D versus previous guidance of approximately ÂĢ2 billion between its 2025 to 2029 fiscal years. Aston Martin also informed investors that it no longer expects to generate profitable cash generation for the second half of its current year. The government was approached for comment.