Luxury car manufacturer Aston Martin is cutting its production forecast, as the company faces supply chain challenges and a fading market in China. 

Reuters reports that Aston Martin now expects to make 1,000 fewer cars in 2024 than it had originally projected for the year, while sales are projected to come in below 2023's totals. The company blames the downturn on supplier disruptions stemming from recent fires and floods, which have led to key components arriving late at manufacturing facilities. That's led to slowdowns in production, and delays on vehicles coming off the assembly line.  

Other European carmakers have similarly struggled throughout 2024, with Mercedes-Benz, BMW and Stellantis all having downgraded their own profit forecasts for the year. Volkswagen has also said that it might have to close plants in Germany for the first time ever, while Porsche reported a "severe supply shortage" for aluminum components in August, after a facility for a critical supplier in Switzerland was flooded.