Aston Martin Puts Model Plans Under Review as US Tariffs Hit (1)

Aston Martin Lagonda Global Holdings Plc is reviewing plans for upcoming models to lower costs, with US tariffs hitting the British carmaker as its latest turnaround effort stalls.

The manufacturer is targeting a reduction in capital spending to £350 million ($463 million) this year, slightly below previous guidance. Aston Martin said Wednesday it’s taking actions related to its future product plans that will help it cut spending by £300 million over five years, as it tries to end years of losses.

Aston Martin shares fell as much as 7.8% in early London trading before recovering slightly, as the automaker also ...