After issuing its second profit warning in as many months, Aston Martin has stated that it is seeking to obtain funds.
The luxury automobile manufacturer in the UK now projects a 2024 profit of up to £280 million ($352 million), which is less than the £305.9 million it made the previous year.
The firm, which is well-known for its connections to the James Bond film series, claims that the shortage was caused by a “minor delay” in deliveries of its ultra-exclusive Valiant models.
In September, Aston Martin had already issued a warning about its earnings, claiming that a decline in demand in China, where sales of luxury products have been impacted by a weakening economy, had hurt the company.
The automaker has stated that it will issue new shares and take on £210 million in debt in order to strengthen its finances.
