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Aston Martin owners rev up for possible sale or stock IPO

LONDON — Aston Martin's owners have hired financial advisory firm Lazard to prepare for a stock market listing or sale of the British sports car maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters. Italian private equity fund Investindustrial and a group of Kuwaiti investors, who together own more than 90 percent of the marque, are hoping to cash in on a recovery in sales and are in the initial stages of a strategic review. They have hired investment bank Lazard to work on a preliminary plan and could either opt for an initial public offering (IPO) in the third or fourth quarter of 2018 or a trade sale, two of the sources said on Friday. A deal could value the maker of the sports car driven by Britain's Prince William on his wedding day at between 2 billion and 3 billion pounds ($4 billion), one of the sources said, adding a listing was the most likely option. However, no final decision had been taken and the investors could decide to retain control, the sources added. Investindustrial declined to comment while Aston Martin and Lazard did not return requests for comment. Adeem Investment, one of the Kuwaiti investors, was not immediately available. If successful, a float of Aston Martin would be a milestone deal for the 104-year-old car manufacturer and would follow the IPO of Italian sportscar maker Ferrari which made its Wall Street debut in 2015 amid strong investor demand. Investindustrial, led by founder Andrea Bonomi, bought 37.5 percent of Aston Martin in 2012 in what was the fund's best-known investment in Britain. The fund, which has clinched a number of Southern European investments since its launch in 1990, is Aston Martin's single biggest investor and is driving the plans, the sources said. Beside Lazard, other investment banks have approached the private equity fund in recent weeks offering advice ahead of a possible IPO, another source said. Yet no other mandates will be awarded this year for the Gaydon-based firm, which is in the midst of a turnaround plan that aims to restore the business to profitability following six years of losses. Aston Martin, which recently unveiled its new Vantage model, is on course to post its first annual pre-tax profit since 2010 as strong demand for the luxury automaker's DB11 sports car boosts its performance.

Autoblog's adventures at the Nurburgring 24-Hour race [spoilers]

The brand-new Audi R8 LMS, said to share 50 percent of its components with the street-legal R8 shown off at Geneva, has won its very first race at the 2015 Nurburgring 24-Hours. The No. 28 car driven by Christopher Mies, Edward Sandstrom, Nico Muller, and Laurens Vanthoor for the Audi Sport WRT team out of Belgium finished only 40.279 seconds ahead of the No. 25 BMW Sport Team Marc VDS Z4 GT3 in second place, for the smallest winning gap since the race began in 1970. Those two cars traded the lead throughout Sunday morning and were less than a minute away from one another for the last two hours. They were part of a total 35 lead changes during the entire race – a record for the event – and both did 156 laps. Third place went to the No. 44 Falken Tire Porsche 997 GT3, one lap down. The Audis did what they always do: lurked close to the front, stayed out of trouble, then pounced when everyone else faltered. For the opening stretches the BMW Z4 teams owned it, running 1-2-3 for a while, but all of them hit trouble. When morning came and the race got over its yellow-flag fever, the No. 28 Audi was in front and stayed there. It was the third Nurburgring 24-Hour win for Audi in four years, the brand's first win only coming in 2012. Last year's winner, the Phoenix Audi team that set a race record by doing 159 laps, had both of its cars retire. One hit an oil patch about 12 hours in, spun and was hit by another car behind, taking on too much damage to continue. The other retired with engine issues. Other Notes Three cars crashed out of the race while leading, after the rains that weren't supposed to happen, happened about 90 minutes in. The No. 20 Schubert BMW Z4 led the first 50 minutes of the race, hopped a crest at Pflanzgarten, landed in a pool of water, and hit the wall on the 30th lap. Then the No. 30 Frikadelli Porsche, with a driver team that included ex-'Ring Taxi driver Sabine Schmitz, hit the No. 31 Mercedes SLS AMG GT3 on the approach to Carrousel and crashed out. Then the No. 1 Phoenix Audi, last year's winning car, took the lead but hit the wall after that oil patch near Pflanzgarten and was out of the race. Aston Martin celebrated a class win in the SP8 category with the No. 49 Vantage GT4 N430. This being the tenth anniversary of the Vantage running the Nurburgring-24, this year's car was painted in the same colors as the racecar from ten years ago.

2019 Aston Martin DBS Superleggera First Drive Review | Nowhere I'd rather be

BERCHTESGADEN, Germany — The mountains at the border of Austria and Germany are full of rolling green fields bookended by tree-capped mountains. The roads that run along the mountainsides and valleys, despite being packed with tractors and a seemingly endless line of vacation travelers, are ripe with corners just waiting to be strung together. I'm standing on a hillside staring at the new Aston Martin DBS Superleggera when I realize there are few things I've ever wanted more than a V12-powered GT and a ribbon of clean pavement. The DBS Superleggera is the third new Aston Martin revealed this year, following the Vantage and DB11 AMR. It's based on the DB11 and serves as a replacement for the Vanquish S. In place of the old, naturally-aspirated 6.0-liter V12 is an upgraded version of the 5.2-liter engine found in the DB11 AMR. In the DBS, the engine makes 715 horsepower and 664 pound-feet of torque, up 85 horses and a gut-punching 148 pound-feet over the DB11. The extra power comes mostly from an increase in boost from the two turbos. The other big changes to the DBS come in the way of the relatively lightweight carbon-fiber bodywork. Every panel save for the doors and roof has been re-sculpted. The new panels are carbon fiber, and — with options such as carbon-fiber trim and a lightweight exhaust — the DBS weighs about 160 pounds less than a DB11. The styling is different, too, thanks to a massive grill and lower intakes that make up most of the front fascia. Aston Martin says the extra area is needed to cool the V12. It reminds me a bit of the wide-mouth Aston grilles from the '50s and '60s. The straked "curlicue" fender vents, F1-style double diffuser, and reworked Aeroblade increase downforce to nearly 400 pounds at the car's top speed of 211 mph without any major drag penalties. The Aeroblade pulls in air from behind the rear windows, moving it through the bodywork and over the rear wing. Rather than using an active wing like on the DB11, the DBS uses a fixed Gurney flap. The Aeroblade and Gurney flap give the DBS downforce while keeping the overall design relatively clean. The new DBS is handsome and purposeful, if not exactly beautiful. Sitting behind the wheel, you'd be forgiven for thinking you were in another DB11. The seats are the most notable and obvious change in the DBS, offering slightly more bolstering than what you get on the DB11 (though they lack fine-tuned adjustments). The rest of the interior simply looks like a reskinned DB11.