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Aston Martin close to IPO on the London Stock Exchange

According to a report from Sky News, Aston Martin is close to announcing plans to go public with an IPO on the London Stock Exchange. A listing on the New York Stock Exchange has also reportedly been considered. In December of last year, news broke that the company's owners had hired financial advisory firm Lazard to prepare for a potential offering. The report suggests that the British automaker is looking at an offering of $1.29 billion (GBP1 billion) in shares and an overall company valuation of around $6.44 billion (GBP5 billion). An Intention To Float statement could be filed as early as next week, says Sky. Last year was good for Aston Martin, with a total of 5,117 vehicles sold globally, a 58 percent jump from 2016. The company reported pre-tax profits of nearly $112 million (GBP87 million) in 2017. And it is working on a flurry of new products such as the Valkyrie supercar, an upcoming SUV, the new DBS Superleggera (shown above), and even an ultra-exclusive, real-life James Bond gadget-laden DB5. As of right now, Aston Martin's largest investors are I taly's Investindustrial and Kuwait's Investment Dar. Daimler also holds a sizable stake. Aston said it had filed a registration document with Britain's Financial Conduct Authority, a requirement for firms considering an IPO, at a time when the likes of Tesla boss Elon Musk have slammed the additional pressures of being listed. Pending a final decision from the FCA, a prospectus will be published on or around Sept. 20 as the maker of sports cars that can cost hundreds of thousands of pounds hopes to tap into global demand from wealthy buyers who want a slice of the high-end brand. The carmaker hopes to complete the flotation this year, the same target that British Prime Minister Theresa May is working towards to agree a deal for leaving the European Union. Aston sells roughly 25 percent of its cars to the EU and operates its only plant in Gaydon, central England, with a second one due to begin operations in Wales in 2019. "We can demonstrate that Brexit is not a major effect for us," Chief Executive Andy Palmer told Reuters. "If there is a tariff into Europe, it's countered by a tariff into the UK for our competitors so you might lose a little bit of market share in the EU but you pick it up in the UK," he said. Niche carmakers such as Aston and McLaren are more concerned about customs checks than tariffs as they believe many of their buyers can absorb a price hike.

Aston Martin's oldest car prepares for its 100th birthday bash

Aston Martin will celebrate in style the 100th birthday of its oldest-known remaining car. It will send the 1921 A3 to the annual Concours of Elegance taking place in September 2021 on the near outskirts of London. Fittingly, the Concours of Elegance is one of the most prestigious car shows in the world. It was first held in 2012 to mark the 60th anniversary of Queen Elizabeth's reign over the United Kingdom. It retains royal ties, so showing to the event in a bondo-colored Renault 18 is completely out of the question. Aston Martin's A3 will fit right in, however. Its name signals that it's the third car built by Aston Martin, and that it's powered by a Type A engine, which denotes a side-valve four-cylinder tuned to develop about 11 horsepower. That's a rounding error in 2021, but it was impressive in the early 1920s, and it allowed the A3 to set several speed records. It notably averaged over 86 mph during a 100-mile event held at the Brooklands track, which 100 years later is commonly associated with Bentley. After extensive testing, Aston Martin sold the A3 in 1923. It was sold and bought several times until it ended up in the hands of a man named R.W. Mallabar. He shipped it back to Aston Martin's headquarters when a connecting rod failed, and he asked the company to refinish it in gray with red wheels while it was tearing apart the engine. The A3 then disappeared until 2002, when it appeared at an auction and its historical significance was uncovered. Aston Martin received the A3 as a generous donation in 2003, and it commissioned Ecurie Bertelli to give it a full — and painstakingly long — restoration. Its frame was rebuilt from scratch with ash wood, and it received a reproduction body made with hand-beaten panels. It's now black with black wheels, which is the livery it wore until Mallabar commissioned a respray. Its engine was rebuilt during the refurbishment, so it moves under its own power. Whether that means the A3 will drive to the event under its own power hasn't been revealed. Regardless, when it gets there, it will bask in the sun (or get drenched by a late-summer storm) next to a star-studded lineup of Gulf- and Martini-liveried race cars and other historically significant machines. It's a little too old to participate in the display put together to celebrate the Queen of England's 95th birthday; there will be one car for each year that she's been alive.

Aston Martin One-77 designer gives back to teacher who changed his life

It's a pretty fair bet that we've all had "that" teacher. The educator that stood out above all the others while we were in school and not only taught us, but made us into a better person – our very own Mr. Feeny, Mr. Belding, Mr. Holland or even Mr. Miyagi. The Windsor Star has the story of one such teacher and her troubled student that went on to help design some of the most desirable cars in the auto industry. Karlene Berry spent 30 years as a teacher, and among her many, many students is Michael Lehti, the product of a broken home and self-described has having "never been the greatest academic." What Lehti could do, though, was design cars. With the help of Berry's class, he overcame his early obstacles and went on to work with the design team on the Aston Martin One-77 (pictured above) and the RUF CTR3, among other vehicles. With Lehti and Benson's old school closing, the pupil reached out to his teacher 32 years after graduation to say "thanks" and pay tribute for her impact on his life. Head on over to The Windsor Star, and check out this inspiring story. Featured Gallery Aston Martin One-77 News Source: The Windsor StarTip: Mike Read This Aston Martin aston martin one-77