Aston Martin Lagonda shares hit a two-year low after its latest emergency fundraising and a second profit warning in as many months.
The Midlands company, the only listed carmaker on the London Stock Exchange, said in an announcement late on Tuesday that it was raising £210 million, comprising £110 million from shareholders in new equity and a further £100 million of debt at interest rates of more than 10 per cent.
The company said it was experiencing delays in the delivery of about half its expected £2 million-a-time Valiant supercars, which will reduce operating profits to between £270 million and £280 million from the previously expected £285 million.
The news sent shares in the group down 5.5 per cent, or 6p, to 102p in early