Shares in Aston Martin fell as much as 9% to a more than two-year low on Wednesday after the British luxury carmaker warned that annual profit could fall as much as 11% on delivery delays and said it would raise new capital.

The company reiterated its focus on 2025 targets, including delivering about 2 billion pounds in revenue and targeted free cash flow generation. As part of the efforts to bolster its finances, Aston Martin also announced plans to raise about 210 million pounds through an equity and debt offering.

British sportscar brand Aston Martin has issued a second profit warning in as many months with the firm now raising cash to stay in the green. The popular car brand issued new shares and debt totalling a staggering £210million but still expects to turn a profit this year.