Overview

• Q3 wholesale deliveries fell to 1,430 from 1,641 a year earlier, with softer demand in North America and Asia.
• The company now expects an underlying loss greater than £110 million after its second downgrade since July.
• The warning sent shares down as much as 11% as the board initiated an immediate review of costs, capital spending and the product plan.
• Aston Martin pointed to the US tariff quota system—10% on the first 100,000 UK‑made cars per manufacturer and 27.5% above that threshold—and supply strain from Jaguar Land Rover’s cyber attack as key headwinds.
• Valhalla deliveries are scheduled to begin in Q4 2025 with around 150 cars, which the firm says should help materially improve profitability and free cash flow next year.