Aston Martin Lagonda Global Holdings Plc scaled back its medium-term financial ambitions after heightened U.S. tariffs disrupted exports to its largest market. The luxury-car maker now expects its gross margin to remain roughly flat at 37% this year, abandoning a previous 40% goal, and said adjusted earnings before interest and taxes may only edge toward breakeven in 2025. The warning follows a 34% slide in second-quarter revenue to £221 million as deliveries were curtailed in the wake of tariffs imposed under President Donald Trump. Although a new UK-U.S. accord lowered duties on the first 100,000 British vehicles shipped annually to 10%, any additional units face a 27.5% levy—a quota system Chief Executive Officer Adrian Hallmark says advantages larger manufacturers such as Jaguar Land Rover. Hallmark urged the UK government to renegotiate the arrangement to create sub-quotas for smaller, high-performance brands. Aston Martin temporarily suspended U.S. exports in April and May and has lost roughly half its market value over the past year. Net debt rose to £1.38 billion, though the company reiterated a target of achieving positive free cash flow by year-end. To bolster liquidity, Aston Martin said it is close to selling a minority stake in its Formula One team for up to £110 million, valuing the racing outfit at about £2.4 billion. Executive Chair Lawrence Stroll has injected more than £600 million since 2020 but continues to seek cost cuts and operational efficiencies as tariff headwinds cloud the turnaround.