Reported about 4 hours ago
Aston Martin Lagonda Global Holdings Plc is looking to raise £110 million through new shares and an additional £100 million in debt following its second profit warning in two months. The luxury carmaker now expects its adjusted earnings for 2024 to fall below analyst estimates, largely due to delayed model deliveries and ongoing supply chain issues. The company aims to bolster its liquidity, which should reach around £500 million by the end of the year, as it continues its recovery efforts led by billionaire Lawrence Stroll.
Source: YAHOO