The luxury carmaker warned underlying earnings would be lower than forecast this year, at between £270 million and £280 million.
The luxury carmaker warned underlying earnings would be lower than forecast this year, at between £270 million and £280 million.
It comes amid a difficult time for European car firms, which have been knocked by sliding sales, overseas competition as well as pressure ahead of new electric vehicle targets in the UK. It said on Wednesday it had successfully raised around £211 million through a share placing, with another £100 million secured through debt raising from bond holders, to help fund future growth.
Meanwhile, it has also been battling weak trading in China amid a downturn in demand across the country, with Chinese sales volumes in the first nine months of the year falling 54% compared with the same point in 2023.
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