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The Guardian - UK

Business

Jack Simpson

Aston Martin looks to raise £210m after second profit warning in two months

Aston Martin Adrian Hallmark Ford Luxury

The company expects to post profits of up to £280m for the 12 months to the end of December, down on last year’s £305.9m figure. Photograph: Priyanshu Singh/Reuters

Aston Martin has announced it is hoping to raise £210m to help boost growth and drive its electrification strategy, shortly after issuing its second profit warning in two months.

The British luxury car manufacturer said it aimed to raise £110m through new shares and a further £100m by taking on new debt to “increase its financial resilience”.

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