Aston Martin Lagonda Global Holdings Plc has announced its plans to raise £110 million through a new share issuance and an additional £100 million in debt, following its second profit warning in just two months.
The luxury carmaker, known for its association with the James Bond franchise, is seeking to strengthen its financial position amid ongoing challenges. The company revealed its intentions in a statement on Tuesday, emphasizing the urgent need for capital as it navigates a difficult market environment.
This move highlights the ongoing struggles faced by the iconic British brand as it aims to stabilize its operations and improve profitability.