🔗 Share this article The Luxury Carmaker Announces Profit Warning Due to American Trade Challenges and Seeks Government Assistance The automaker has blamed an earnings downgrade to Donald Trump's trade duties, while simultaneously urging the UK government for more proactive support. The company, producing its cars in factories across England and Wales, lowered its profit outlook on Monday, marking the another downgrade this year. It now anticipates deeper losses than the earlier estimated £110m deficit. Seeking Official Backing Aston Martin expressed frustration with the UK government, telling shareholders that despite having engaged with representatives from both the UK and US, it had productive talks with the American government but needed greater initiative from British officials. The company called on UK officials to protect the needs of niche automakers like Aston Martin, which create thousands of jobs and contribute to regional finances and the wider British car industry network. International Commerce Impact Trump has disrupted the worldwide markets with a trade war this year, significantly affecting the car sector through the imposition of a 25 percent duty on 3rd April, in addition to an previous 2.5 percent charge. In May, the US president and Keir Starmer agreed to a agreement to limit tariffs on one hundred thousand UK-built cars annually to 10 percent. This tariff level came into force on June 30, aligning with the final day of the company's second financial quarter. Agreement Criticism Nonetheless, the manufacturer criticised the trade deal, stating that the introduction of a American duty quota system introduces additional complications and limits the group's capacity to accurately forecast financial performance for this financial year end and potentially each quarter starting in 2026. Additional Challenges The carmaker also pointed to weaker demand partially because of greater likelihood for logistical challenges, particularly after a recent cyber incident at a leading British car producer. The British car industry has been rattled this year by a cyber-attack on the country's largest automotive employer, which prompted a production freeze. Financial Response Shares in the company, listed on the London Stock Exchange, dropped by over 11 percent as markets opened on Monday morning before recovering some ground to stand 7 percent lower. The group sold 1,430 cars in its third quarter, falling short of previous guidance of being broadly similar to the one thousand six hundred forty-one cars sold in the equivalent quarter last year. Future Plans Decline in sales comes as the manufacturer gears up to release its Valhalla, a mid-engine supercar priced at around £743,000, which it hopes will increase profits. Deliveries of the car are scheduled to start in the final quarter of its financial year, although a projection of approximately one hundred fifty deliveries in those three months was lower than earlier estimates, due to engineering delays. The brand, well-known for its appearances in the 007 movie series, has started a review of its upcoming expenditure and spending plans, which it indicated would likely lead to reduced spending in R&D versus previous guidance of about £2bn between its 2025 and 2029 fiscal years. The company also informed investors that it does not anticipate to achieve positive free cash flow for the latter six months of its present fiscal year. The government was approached for a statement.