Shares in Aston Martin fell as much as 9% to a more than two-year low on Wednesday after the British luxury carmaker warned that annual profit could fall as much as 11% on delivery delays and said it would raise new capital.

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Aston Martin said delays in deliveries of its limited edition run of 38 Valiant sports cars would hit its profits in the full year 2024

Aston Martin Lagonda Global Holdings Plc plans to tap investors for more funds as the luxury carmaker issued its second profit warning in two months.The British company, synonymous with the James Bond movies,

British luxury carmaker Aston Martin on Tuesday forecast its annual core profit to fall short of 2023 levels as delivery delays in the ultra-exclusive Valiant models weigh on its margins.

Shares in Aston Martin fell as much as 9% to a more than two-year low today after the British luxury carmaker warned that annual profit could fall as much as 11% on delivery delays and said it would raise new capital.

Late on Tuesday, Aston Martin forecast annual core profit to fall short of 2023 levels due to delivery delays in the ultra-exclusive Valiant models

Investing.com -- Shares of Aston Martin (LON: AML) fell 4.5% on Tuesday after it issued its second profit warning in just two months, saying that it expects a profit of up to £280 million in 2024, down from £305.9 million last year.

The luxury carmaker is raising around $264 million from investors as it seeks to stabilize its balance-sheet, and has cut its full-year earnings guidance for the second time in nearly three months.