Overview

• The company cut its full-year underlying earnings forecast to breakeven after group revenues fell 25% in the first half and operating losses widened to £134.7 million to June.
• It plans to accelerate production into early next year to maximise shipment of UK-built cars under the 10% US import tariff before the 100,000-unit annual quota is reached.
• Aston Martin is reviewing its supply chain to reduce distribution disruptions and shorten delivery times in its top markets.
• Chief executive Adrian Hallmark is lobbying the UK government to improve the quota mechanism and secure broader access to the lower tariff rate.
• Shares have shed around a third of their value this year and fell further after the profit warning on Wednesday.