Luxury carmaker Aston Martin's share price sank more than 20% after it said profits will be lower than expected this year. The company, famed for its links to fictional superspy James Bond, has been hit by supply chain issues and falling sales in China.

Aston Martin warned of lower annual profit and cut its production forecast on Monday on supply chain challenges and dogged weakness in China, sending shares as much as 28% lower and raising questions around its future ambitions.

Luxury carmaker Aston Martin saw its share price drop by more than 20% after announcing that its profits for this year would be lower than expected. The company, known for its association with the fictional spy James Bond, is facing challenges from supply chain issues and decreasing sales in China.