Aston Martin warns of lower profit on supply chain, China faces By Reuters

(Reuters) – British luxury carmaker Aston Martin warned on Monday of lower underlying annual profit and said it no longer expected to post positive free cash flow in the first half, citing supply chain disruptions and weakness in China.

The company said it is reducing its wholesale volumes from 2024 by about 1,000 vehicles to address the issues.

“The company is experiencing an increasing number of late arrivals of components due to the disruption of some of its suppliers,” Aston Martin said, adding that an increasing number of cars were taking longer to complete.