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 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,

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

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.

British sportscar brand Aston Martin has issued a second profit warning in as many months with the firm now raising cash to stay in the green. The popular car brand issued new shares and debt totalling a staggering £210million but still expects to turn a profit this year.

Aston Martin’s resilience stems from its heritage, innovation, and emotional equity. Despite challenges, its brand-building offers lessons in long-term success.

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.