Aston Martin issues second profit warning in two months

Aston Martin has announced plans to raise cash after issuing a second profit warning, expecting a profit of up to £280m in 2024, down from £305.9m last year, due to a delay in Valiant model deliveries. To bolster finances, the company will issue new shares and debt totaling £210m. Facing challenges in China and supply issues, Aston Martin will produce 1,000 fewer cars than planned this year, with shares halving since the beginning of the year.

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