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 is raising around 210 million pounds ($264 million) from investors as the U.K. luxury car maker seeks to stabilize its balance-sheet, and issued another profit warning.The latest cash-injection came as the company cut its full-year earnings guidance for the second time in nearly three months.

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.

Aston Martin, the carmaker of choice for James Bond, has issued a profit warning for the second time in less than two months as it battles a difficult market and asked investors for more cash

Shares in Aston Martin fell to their lowest point in two years, after the luxury carmaker said it was looking to raise funds and issued another profit warning.

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.

Aston Martin had already cut its guidance in September, saying it had been hit by a fall in demand in China, where a slowing economy has affected sales of luxury cars. To bolster

Aston Martin Lagonda has raised £211million in new financing to help bolster its liquidity and fund future growth after issuing a profit warning on Tuesday.