Aston Martin limits imports to US over new tariffs
Adrian Hallmark, Aston Martin chief executive, said: 'We are carefully monitoring the evolving US tariff situation and are currently limiting imports to the US while leveraging the stock held by our US dealers.
'We remain vigilant in monitoring events and will respond to changes in the operating environment as they materialise.'
Aston Martin is among European car manufacturers who have seen shares slide in value in recent months over concerns about the potential impact of tariffs on demand for their vehicles in the US.
Last month, Aston Martin marginally reduced its sales guidance for the year due to fears the tariff rules could dampen wholesale volumes.
The company, which makes around 30% of its sales through the US, stressed on Wednesday that the ramifications of the tariffs are still 'uncertain'.
It came as the firm also reported that operating losses grew for the first three months of 2025.
Meanwhile, it reported a pre-tax loss of £79.6 million for the quarter, down from a £138.9 million loss a year earlier.
Total revenues dropped by 13% to £233.9 million for the quarter.
It comes amid a significant overhaul at Aston Martin as it seeks to shore up its long-term finances.
In February, the group said it plans to sell its minority stake in the Aston Martin Aramco Formula One team and confirmed that Lawrence Stroll's Yew Tree Consortium would invest a further £52.5 million to grow its stake in the business.
Aston Martin said the two deals were expected to improve the group's liquidity by more than £125 million.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Record
6 hours ago
- Daily Record
Scottish Government warned to 'come clean' over £180k cash for Trump course contest
The public funding was said to be supporting the delivery of the Nexo Championships but instead it was used to buy a giant advert on the US President's Aberdeen course. The Scottish Government has been accused of misleading the public over its decision to award £180,000 of taxpayers' cash to a golf competition on Donald Trump's course. The funding, announced on the second day of the US President's visit to Scotland last month, was said to be for supporting 'delivery of this year's' Nexo Championship. But the Sunday Mail can reveal the cash was actually spent on adverts including a giant VisitScotland sign, a 30-second online advert and some 'Scotland' billboards around the Trump International course in Aberdeen. The funding had no bearing on whether the competition would go ahead as the event had been announced in May. But Scottish Greens MSP Patrick Harvie said: 'The Scottish Government needs to come clean about what Scotland gets out of this public funding. "If it's simply for advertising, they should not have claimed it was about the delivery of the event. And if it's about delivery of the event, they need to explain why a billionaire's event hosted at a billionaire's resort needs any public money at all. "It appears this was simply done to curry favour with Donald Trump, and to massage his ego. Governments should not be treating him this way.' Tourism body VisitScotland said it made the decision to spend £180,000 on advertising days after it was confirmed Trump was coming to Scotland. The spending was publicly announced by the Scottish Government on July 26 – two days before Swinney was due to meet Trump for a luxury meal at his Menie golf course. VisitScotland officials had decided they'd give the contest £180,000 in advertising money weeks earlier. The tourism body said it held talks with tour organisers and agreed to spend the money between July 10 and 13. On July 9, Police Scotland confirmed it was preparing for a possible visit from Trump later in the month. Harvie said: " 'The Scottish Government absolutely should not be pandering to him or promoting him or his businesses. 'At heart it is a question of values. Donald Trump and his values should not be welcomed in Scotland, and the First Minister would be far better reflecting that than continuing to embarrass Scotland by cozying up to him.' The Nexo Championship, previously called the Scottish Championship, is sponsored by Nexo – a cryptocurrency asset management firm which had £135million revenue last year. The European tour which the Aberdeen contest is a part of is sponsored by DP World, which had a revenue of £15billion last year and is run by Dubai entrepreneur Sultan Ahmed bin Sulayem, worth about £7billion. Swinney previously faced criticism for allowing public funds to be used on the contest given the wealth of its sponsors and its £2million prize pot. He was also accused of using the money to buy a 'five minute meet-and-greet' with the US President during his Scots visit. VisitScotland said DP World Tour made a 'proposal' for advertising 'and agreement in principle was discussed at the Genesis Scottish Open which took place 10-13 July.' A spokeswoman said: 'Our investment is for a host nation brand profile opportunity. On-course branding and advertising across live broadcast to a global audience enables … a platform for promoting Scotland and the north east, with the intention of inspiring visits.' Join the Daily Record WhatsApp community!
Daily Mirror
8 hours ago
- Daily Mirror
Shocking number of Brits 'cannot identify foreign road signs when driving'
It can be hard to read up on all of the local laws when going on holidays, but road experts are urging Brits to learn the meanings behind local road signs to avoid accidents and fines Before you embark on your European road trip, make sure you're up to date on the local driving laws. A new survey has revealed four in five British drivers admit they struggle to understand key road signs when driving overseas – which can have serious consequences. In a research conducted by road experts at Ready Set Supplied, an overwhelming 80 per cent of the 440 Brits surveyed failed to correctly identify standard signage used across France, Germany, Italy, Spain and other EU countries. Furthermore, the study also found that 87 per cent of Brits do zero preparation before driving abroad – which includes failing to glance at local driving regulations. This means that millions of drivers are using guesswork to interpret restrictions and other unfamiliar signs. It comes after UK drivers were warned over 'avoiding' road instead of having to follow new rule. READ MORE: Golden beach an hour from London starred in famous film but is miles from the sea These findings come amid concerns that poor sign recognition is contributing to avoidable fines, missed turns and even potentially dangerous driving decisions when abroad. Meanwhile, problems can also arise from the fact that sat-navs and Google Maps offer turn-by-turn directions, which don't help drivers interpret symbols on unfamiliar roadside signs. Crucially, some of these can carry legal implications or even indicate unusual rules. A spokesperson from Ready Set Supplied said: 'Most UK drivers wouldn't dream of driving here without understanding basic road signs. But as soon as they cross the Channel, that caution seems to disappear. The assumption is that it'll all just make sense when you get there.' Misunderstanding road signs can have serious consequences. These include fines for illegal parking and causing confusion, which can lead to both legal trouble and road safety issues. This can also be dangerous when it comes to signs give advance warning of hazards like narrow passes, slippery road conditions or mandatory detours. Experts warn that missing these cues raises the risk of sudden braking, poor positioning and even crashes. This is especially true on unfamiliar terrain. Ready Set Supplied said: "People don't realise that the layout and flow of roads abroad are designed with those signs in mind. If you don't understand the system, you're not driving safely." The survey also highlighted the lack of awareness around quirky local laws that can catch them off guard. For example, in many EU countries things like driving a dirty vehicle or listening to music at petrol stations can result in tickets or fines. Experts cautioned that while drivers may assume that because they didn't see a sign on their theory test it's not important, that mindset won't work outside of the UK. To avoid running into trouble abroad, Ready Set Supplied is urging motorists to spend just ten minutes reviewing basic signage rules before hitting the road. They emphasise that a simple refresher on how foreign systems handle rules around lane priority, emergency stop areas and turn restrictions could make a massive difference. A spokesperson explained: 'Driving abroad shouldn't feel like a guessing game. A little knowledge goes a long way—not just to avoid fines, but to genuinely protect yourself and other road users.'
Daily Mirror
a day ago
- Daily Mirror
Man Utd use secret weapon in Benjamin Sesko transfer after learning from Erling Haaland snub
Manchester United have beaten competition from Newcastle to sign Benjamin Sesko from RB Leipzig after relying on the expertise and relationships of one of their staff Benjamin Sesko has made the leap from RB Leipzig to Manchester United in a £74million transfer – and there will be one familiar face at Old Trafford. Sesko has snubbed a move to Newcastle in favour of joining United, who have paid £66.4m up front plus a further £7.6m in potential add-ons. The 22-year-old striker will slot into Ruben Amorim's new-look front line, alongside fellow new signings Matheus Cunha and Bryan Mbeumo. United's press release announcing the capture of Sesko makes it clear how delighted they are to land the Slovenia international in what they view as a coup, given their lack of European football this season. 'The desire that all of our new signings have shown to join the club this summer highlights the appeal and stature of Manchester United,' said director of football Jason Wilcox. That may well be true, but Wilcox also has one of his colleagues to thank after landing Sesko from under Newcastle 's nose. Christopher Vivell was instrumental in getting the deal over the line, thanks in large part to his connections with Sesko and his agent Elvis Basanovic. Vivell only joined United last summer, initially as an interim director of recruitment, but by February he had secured the role permanently. Omar Berrada, who joined the club from Manchester City last summer to become chief executive, had pushed for Vivell's arrival, having got on well with him in their previous roles. The 38-year-old German left Chelsea under a cloud in July 2023, just seven months after arriving as technical director. But Berrada and United were not fazed and brought him in. They are now seeing the fruits of that decision. Vivell has a good reputation in Germany, where he began at Hoffenheim before joining the Red Bull Group. That is where he encountered Sesko, signing him for Red Bull Salzburg initially before bringing him to sister club Leipzig in 2023. Sesko scored 39 goals in 87 games for Leipzig, attracting plenty of Premier League attention, including from Arsenal. And while he cited United's history and the project laid out by Ruben Amorim as reasons for joining, he also was encouraged by Vivell's presence, having had only good experiences in his previous two moves involving the German. Sesko isn't the only highly rated young striker who Vivell has snapped up in his time, as United well know. Back in 2019, United wanted to sign Erling Haaland from Molde, having been given a recommendation by then-managed Ole Gunnar Solskjaer. But they did not succeed in chasing the Norwegian superstar, who snubbed a succession of bigger clubs to join Salzburg, having been courted by Vivell. 'The big clubs wanted him too,' he later explained. 'But they wanted to do a loan programme, which neither his father nor Erling wanted. That's why we managed to bring him to us.' Vivell worked with former United manager Ralf Rangnick at Red Bull and also tried to hire Erik ten Hag for Leipzig before he left Ajax for United. Those connections are incidental compared to those with Sesko, which helped land who United hope will be the answer to their goalscoring woes.
