Luxury carmakers Porsche, Mercedes-Benz Group and Aston Martin on Wednesday outlined the extent to which U.S. import tariffs have taken their toll.

Live, rolling coverage of business, economics and financial markets as German carmakers and Aston Martin detail damage from US trade war

Luxury carmakers Porsche, Mercedes-Benz Group and Aston Martin on Wednesday outlined the extent to which U.S. import tariffs have taken their toll.

Germany’s leading luxury automakers are sharply scaling back expectations for the rest of the year.

Mercedes und Porsche melden Gewinneinbrüche. Die US-Zölle und Schwierigkeiten in China plagen beide Konzerne.