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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.

Aston Martin may have filed a trademark for a new logo [UPDATE]

UPDATE: Aston Martin did indeed file a trademark for the logo below, but company CEO Andy Palmer has confirmed it will be used for merchandise and won't replace the classic winged logo on cars. Here's Palmer's tweet: For those who reached out, we have no intention to remove/change the Aston Martin Wings.This logo is for merchandise https://t.co/iWdejAwO00 — Andy Palmer (@AndyatAston) January 23, 2017 "There's a shortage of perfect breasts in this world. It would be a pity to damage yours." Those words were spoken by Cary Elwes in the classic 1987 film The Princess Bride. Or, if you prefer, they were written by William Goldman in his book from 1973 by the same name. Either way, it doesn't matter. The point is, there aren't many things in this world that are perfect, and that have stood the test of time without alteration. The Aston Martin logo is one of those rare things. Apparently, Aston Martin filed a trademark application for a new logo. You can see it below. It's unclear where this design might make an appearance. If it's on pens, watches, or some other non-vehicular form, that's fine. If it's on the bonnet of a new supercar rolling down the line at Aston's plant in Gaydon, well... that's another matter entirely. Please, Aston Martin, your logo is perfect and has stood the test of time. Don't even think about changing it. Related Video:

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.