(Reuters) – British luxury carmaker Aston Martin on Monday warned of lower annual core profit and said it no longer expects to achieve positive free cash flow in the first half, citing supply chain disruptions and weakness in China.
The company said it was cutting its 2024 wholesale volumes by about 1,000 vehicles to address the issues.
“The company is experiencing a growing number of late component arrivals due to disruption at several of its suppliers,” Aston Martin said, adding that an increasing number of cars were taking longer to complete.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Savio D’Souza and Nivedita Bhattacharjee)
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