Shares in Aston Martin (AML.L) fell to their lowest point in two years on Wednesday morning, after the luxury carmaker said it was looking to raise funds as it issued another profit warning.

The FTSE 250 (^FTMC) stock fell as much as 9% in early trading on Wednesday but pared back losses to nearly 5% later in the morning.

This comes after Aston Martin, known for its links to the James Bond films, released an announcement late on Tuesday that it was looking to raise around £210m to support its long-term growth plans.

The carmaker said it planned to raise the funds with an equity placing of £110m and issuing £100m of debt.

Aston Martin also said that it expected profit to come in at between £270m and £280m for the 2024 year. The company attributed this shortfall to mitigating the financial impact of a "minor delay in a small number of deliveries" of its "ultra-exclusive" Valiant model.

As a result of these delays, Aston Martin said it expected to deliver around half of its 38 Valiant models by the end of year, having previously said it anticipated being able to delivery the majority of the cars.

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This marked the second time in two months Aston Martin had warned that it expected profits to be lower. In September, Aston Martin said in a trading update that it expected to profit margins to be in the high teens percentage for 2024, down from previous guidance of a percentage in the low 20s.

The carmaker said: "External factors within the global automotive industry, including supply chain disruption and weak demand in China, are now impacting Aston Martin's volume outlook for the remainder of 2024."

The company explained that in the ramp-up in production in the second half of the year, with the introduction of new models, it was seeing a growing number of late component arrivals due to disruptions at several of its suppliers. This meant that more vehicles were taking longer to complete, "impacting the efficiency of its operations and delaying the delivery of its vehicles".

This profit warning came less than a month after Adrian Hallmark took over as Aston Martin's CEO, saying it that it had "become clear that we need to take decisive action to adjust our production volumes for 2024" given these issues.

In this latest announcement on Tuesday, Hallmark reiterated the actions the company was already taking to better position the company "for the future including a more balanced production and delivery profile in the coming quarters.