Aston Martin issues second profit warning in two months

Published On Nov 26, 2024, 11:58 PM

Aston Martin has issued its second profit warning in two months, now predicting a profit of up to £280 million for 2024, a decrease from £305.9 million in the previous year. The company blames a minor delay in deliveries of its exclusive Valiant models and a drop in demand in China due to the slow economy. To stabilize its finances, Aston Martin plans to raise £210 million through new shares and debt. The company's shares have plummeted by half this year, reflecting broader challenges in the European car market, including supply chain issues and competition.