Aston Martin on Monday warned of lower annual core profit and cut its forecast for production volumes on supply chain disruptions and weakness in China, sending shares 8% lower in early trade.

The British car manufacturer said it expects to sell 1,000 fewer cars than previously anticipated due to delays at several of its suppliers

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.