2001 Aston Martin Db7 Vantage V12 W/ 19,400 Miles!! Beautiful!! on 2040-cars

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Aston Martin skids in stock market debut

LONDON — Shares in luxury automaker Aston Martin fell as much as 6.5 percent on their market debut in London on Wednesday as investors and analysts raised concerns over Aston's ability to deliver an ambitious rollout of new models. The company, which last year made its first profit since 2010 and has gone bankrupt seven times, had priced its shares at 19 pounds each, giving it a market capitalization of 4.33 billion pounds ($5.63 billion). The shares fell to as low as 17.75 pounds. Aston Martin has plans to launch a new model every year from 2016 to 2022. "(It) has very aggressive growth plans. The execution of that growth needs to be flawless — nothing eats cash more than a car company when the cycle turns. There is concern that it's more cyclical than the commentary has been," said James Congdon, managing director of cashflow returns specialist Quest. "The banks have done a good job for their client — but there's no bounce." Aston is going all-in Aston Martin — full name Aston Martin Lagonda Global Holdings Plc — expects to produce around 7,100 to 7,300 cars in 2019, and 9,600 to 9,800 cars in 2020. It aims to increase production to 14,000 cars in the medium term, helped by new models and improving its manufacturing process. The company is investing all of its cashflow to try to achieve this, leaving nothing for dividends or paying down debt. "In terms of execution risk — this is what I've done for all of my career. I'm an engineer: we mitigate risk," Chief Executive Andy Palmer, who has led a turnaround plan at the company since 2014, told Reuters. Palmer played down risks to the business from Britain leaving the European Union, even as other car manufacturers step up warnings over a disorderly Brexit. He said Aston Martin was "relatively well insulated" from the effects of Brexit because Europe is not its biggest market and it may actually benefit from exporting with a cheaper pound. However, 60 percent of its parts are imported from the EU and will be hit by tariffs if there is no trade deal. "Obviously we'd all prefer no tariffs to be frank, no doubt, but the industry has to learn to adapt, and it always has adapted to changes," Palmer said. Valuation In 2017, Aston Martin had adjusted earnings before tax interest, depreciation and amortization (EBITDA) of 206.5 million pounds, up from 100.9 million pounds in 2016.

Question of the Day: What's the greatest British car ever?

The British automotive industry has produced everything from high-production econo-commuters to staggeringly luxurious oligarch-wagons, along the way winning plenty of races and building plenty of beautiful machines. The original Mini led directly to the past half-century of transverse-engine, front-wheel-drive cars built everywhere, the MGB put the sporty little convertible into everyone's reach, and the Morris Oxford became the most beloved motor vehicle in India. So many to choose from, but we want you to pick one. What will it be? Related Video:

2019 Aston Martin DBS Superleggera Volante breaks cover

With less than a month to go before the official unveiling, it appears that the 2019 Aston Martin DBS Superleggera has been spied in Volante convertible form. The car is very clearly related to the DB11 GT sports car currently available, but with a number of updates. It should also be lighter (hence the Superleggera name) and more powerful. The most notable exterior change is in the front fascia, particularly the main grille. The traditional Aston grille shape has been stretched downward in the style of the Rapide and the Vantage AMR Pro. It also ditches the classic slats for an aggressive black mesh. Flanking the grille are two large air inlets that surely provide more cooling to the engine. Their positioning would be ideal for brake cooling, too. On the hood, the new DBS Superleggera gets two large vents right in the middle. Based on a teaser image, there will be Superleggera badging in a classical script next to the vents. The hood also has a bit of a raised dome down the middle. Moving around to the side, the car is basically unchanged save for deeper side skirts. The rear also lacks much in the way of changes. It has sprouted an additional pair of exhaust tips. Interestingly, each side has a small tip and a large one. We're not sure if this is a stop-gap measure for the prototype, or if the different-sized tips will be a production feature. When the car is revealed in June, it will come with a version of the twin-turbocharged 5.2-liter V12 found in the DB11. It will almost certainly have more power than existing DB11 models, meaning it will have more than the 630 horsepower of the DB11 AMR. Rumors have even indicated as much as 700 horsepower. With the Superleggera name, it will likely be lighter than existing DB11s, too. And of course, expect a price above other DB11s. Related Video: Featured Gallery 2019 Aston Martin DBS Superleggera spy shots View 24 Photos Image Credit: SpiedBilde Spy Photos Aston Martin Convertible Luxury Performance Supercars aston martin db11 aston martin dbs superleggera