Aston Martin narrows Q2 loss on strong supercar sales

Aston Martin reported a narrowed second-quarter loss, attributing the improvement to strong sales of its Valhalla plug-in hybrid supercar and stringent cost management. The British luxury carmaker's adjusted operating loss stood at £52 million ($69.14 million), an improvement from the £57 million loss recorded in the same period last year, though it fell short of market expectations of £45 million. The company has been implementing cost-cutting initiatives, including layoffs and a revised spending plan, to navigate challenges such as U.S. tariffs and taxes on luxury cars in China. Despite flagging difficult market conditions for the automotive industry, Aston Martin reaffirmed its annual forecast.