Luxury carmaker Aston Martin issues profit warning, plans to raise £210 million amid production issues.

Aston Martin, a luxury carmaker, has issued a second profit warning in two months, citing production issues and a slowdown in China. The company plans to raise £210 million through new shares and debt to bolster its finances, aiming for an adjusted EBITDA of £270-280 million in 2024. This is down from previous forecasts due to delayed deliveries of its Valiant models. The funds will support its growth and electrification strategy.

November 26, 2024
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