AstonMartin

Aston Martin Faces Financial Struggles, Plans to Raise Additional Capital Following Profit Warning

27 days ago

Aston Martin Lagonda Global Holdings, the luxury British automotive brand known for its high-performance sports cars, has issued another profit warning, prompting the need for further capital raising. The company, which has faced a series of financial difficulties this year, announced its intention to bolster its financial health through the issuance of new equity in an effort to secure approximately £200 million (about $248 million) in cash.

Supply Chain Snags and Weak China Demand Impact Aston Martin’s Forecast

3 months ago

Aston Martin Lagonda Global Holdings Plc cut its outlook as the carmaker contends with extended supply-chain disruption and flagging demand in China. The luxury carmaker said supply-chain issues continue to significantly hurt production rates, driving delays that have also contributed to a reduction in the projected sales for the year. The company now faces industrial pains that have become a frequent migraine across the global automotive industry.