Aston Martin warns over profits after Valiant delays [Video]

Luxury car maker Aston Martin issued a profit warning as delivery delays in the exclusive Valiant models hit its financial forecasts, writes David Connett.

The company, famed for its connection with the James Bond films, announced plans to raise a further £210m through a combination of equity and debt, aimed at supporting its long-term growth.

It said it was experiencing difficulties with the delivery of some Valiant models.

Aston Martin said originally it only planned to make 38 of the car, which costs from $2.5m (£2m).

The car, a collaboration with F1 champion Fernando Alonso, was designed by the car maker to revive its falling sales and help it become cash flow-positive.

The company said at its launch that all the cars had been pre-sold.

The company warned it now expects adjusted earnings before interest, taxes, depreciation and amortization of between £270m and £280m this year, compared with £305.9m last year and below analyst expectations.