Aston Martin - comment

Our note published last week incorporated our lower expectations for 2025 due to tariffs. AML’s customers are better placed than most to live with a price hike, but the full 25% would be too much, and there will be a trade-off between margin and volumes. We are sticking with our forecast volumes and cash flow for now. However, if the tariff regime pushes the global economy into recession, we will review it.

https://www.ft.com/content/afd24a50-4825-4fc8-9390-35993c0150bd