(Reuters) -Luxury carmaker Aston Martin lowered its profit view on Wednesday due to “evolving and disruptive” U.S. tariffs, and said it now expects adjusted operating profit to roughly break even.
U.S. tariffs have pummelled global automakers, forcing companies, including GM, Volkswagen and Hyundai, to either book billions of dollars of losses, issue profit warnings, or slash their financial forecast.
“The evolving and disruptive U.S. tariff situation was unhelpful to our operations in Q2,” CEO Adrian Hallmark said, and warned that demand in the Asia-Pacific region would remain suppressed in the near term.
The company, which had earlier forecast positive operating earnings in 2025, added that it now expects gross margin to be broadly flat from a year ago.
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Eileen Soreng)
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