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Aston GT12 Roadster is a one-off convertible from Q Division

The Aston Martin GT12 is already the most track-focused, hardcore variant in the Vantage lineup. Q by Aston Martin has made the GT12 a little more special by unveiling a one-off GT12 Roadster at the Goodwood Festival of Speed today. Thanks to a naturally-aspirated 6.0-liter V12 engine, the brute puts down 592 hp and 461 lb.-ft. of torque. And thanks to a weight savings of 330 lbs. over the road-going Vantage V12 S, it's blisteringly quick around a track. Chopping the roof off of a hardcore track car seems a little odd, but Q by Aston Martin received a request from a customer and delivered the vehicle in a nine-month period. The roadster may share a lot of the same components as the GT12 it's based off of, but it's a bespoke machine that most likely won't be repeated. While the GT12 Roadster utilizes the same V12 engine and seven-speed Sportshift transmission, changes have been made to the car's body. New carbon-fiber body panels give the GT12 Roadster a menacing look, while changes to the suspension ensure the lucky owner receives the same cornering ability as drivers in the coupe variant. Thanks to a folding fabric roof and titanium exhaust system, the GT12 Roadster's V12 will provide a marvelous soundtrack that can't be rivaled by today's turbocharged cars. Pricing for the vehicle hasn't been announced, but it's surely a lot more than the base price of roughly $343,000 for the hard top. As a one off, the GT12 Roadster will most likely be garaged for the majority of its life. However, the vehicle will make its first - and perhaps only – appearance at the Goodwood Festival of Speed today. Related Video: Featured Gallery Aston Marting Vantage GT12 Roadster By Q Division View 19 Photos Aston Martin Convertible Luxury Special and Limited Editions Supercars roadster vantage

This Aston Martin aircraft should be James Bond's next ride

Aston Martin is claiming the sky as it shows off its VTOL hybrid-electric aircraft. The Volante Vision Concept is Aston Martin's solution to reducing congestion in cities and towns. The luxury VTOL aircraft seats 3 adults and includes a windshield HUD delivering vital flight information. Transcript: The future of commuting, Aston Martin's Volante Vision Concept is a luxury VTOL aircraft. Aston is preparing for a world where flight plays a bigger role in daily travel. It is the product of a joint venture with Cranfield University, Cranfield Aerospace Solutions and Rolls-Royce. Aston says it's a "near-future study" that previews both urban and inter-city travel. Fitting up to three adults, this flying hybrid-electric vehicle aims to be autonomous. Inside, the surrounding windshield provides a HUD delivering vital flight information. Forgoing a traditional airplane design the Volante Vision Concept looks more like a Quadcopter. "With the population in urban areas continuing to grow, congestion in towns and cities will become increasingly demanding. We need to look at alternative solutions to reduce congestion, cut pollution and improve mobility," says Aston Martin President and CEO Dr. Andy Palmer. Now let's see James Bond fly this around.

Bond, junk bond? Aston Martin financial ratings go south as it awaits DBX

Ratings agencies Standard & Poor's and Moody's have taken a dim view of Aston Martin Lagonda. S&P cut its credit rating on the storied carmaker deeper into junk territory this week, and Moody's revised its credit outlook to "negative" after the company raised $150 million in debt from a bond issue at 12% interest, with the option to raise another $100 million at 15%. The Standard & Poor's rating was trimmed by one notch to 'CCC+', which reflects substantial risks and takes it close to default territory after a faster-than-expected cash burn this year. The outlook is negative.  The negative outlook reflects ongoing pressure on profits, a high cash burn, and very high leverage in the face of heightened risks linked to a potential no-deal Brexit and new tariffs on car imports threatened by the United States. The potential salvation for the company is its new DBX luxury SUV, the success of which is critical to its ambitious growth strategy and ongoing creditworthiness, S&P said. But Moody's noted that it's burning cash at a high rate as it nears the launch of the DBX. The British carmaker, known as James Bond's favorite marque, has been hit by falling demand in Europe, the Middle East and Africa. It slumped to a first-half loss in July. Chief Executive Andy Palmer said concerns around Brexit and U.S.-China trade relations were skewing the outlook to the downside, so it was prudent to address investor concerns about its balance sheet. "Taking this debt on — short-term debt — is we think the correct tool to completely remove that thesis that we don't have sufficient liquidity," he told Reuters. "In every substantial and material way, this ensures that we can get through to DBX in spite of what all of those global uncertainties might throw at us." The main tranche comprises notes with an interest rate of 12% due in 2022, while the additional notes could be issued under the same terms if permitted, or could be issued as unsecured notes with an interest rate of 15%, Aston Martin said. Shares of stock in the company, which have had a precipitous fall since they listed in London in October 2018 at 19 pounds, were trading down 5% at 545 pence in early deals. Broker AJ Bell said Aston Martin was known for its high end prices and that situation now also applied to its debt. "These rates are very high and are a major red flag that investors consider the car company to be a high risk entity," it said.