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Aston Martin Seeks $210M Funding After Second Profit Warning in Two Months

13 hours ago

Aston Martin Seeks $210M Funding After Second Profit Warning in Two Months
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7 Highlights

  • Aston Martin issues second profit warning in two months.
  • Company plans $210M fund via shares and debt for growth.
    • 2023 profits forecast to drop to $280M due to delays.
    • Valiant supercars' deliveries postponed to 2025.
    • Aston Martin accelerates its shift towards electrification.
    • Shares fall to a two-year low at 98.1p amid challenges.
    • 1,000 fewer cars produced this year due to delays.
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