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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.

Looking for a deal? Check out your nearest Acura dealer

For the fourth time in the last year, an Aston Martin out-discounts all other automakers by offering the largest monetary savings off the retail price of an automobile in America. This time, though, the discount isn't on the aging (though still beautiful) Rapide sedan or range-topping DBS Superleggera, it's for the DB11 sports car. For those keeping track, the DB11 also led this discount list back in May of 2020. This time, though, the price is even lower than before. Right now, buyers of the Aston Martin DB11 are seeing discounts of $24,330. That's a 12.1% cut off the car's average retail price of $201,820 and it means buyers are paying an average transaction price of $177,490. Still expensive, but really not bad for a drop-dead gorgeous machine with as much as 630 horsepower. Next in line is a familiar face, the Acura NSX. As impressive as the Japanese hybrid supercar may be, Acura has been running big rebates on the NSX for as long as we've been running these lists. This month, the NSX buyers are seeing discounts of nearly 14% for an average transaction price of $138,648. The third biggest discount this month shows up on the most expensive vehicle on the list. The Rolls-Royce Phantom carries an average sticker price of $537,500. But buyers are getting about 4% off that for an average transaction price of $516,333. It may not be a massive discount when measured by percentage, but when the asking price is so high, even a small discount equals big bucks. Related Video:

Aston Martin Vantage F1 Edition adds more power, downforce

Well, it seems we were onto something, Aston Martin really did give us a pace car edition of the Vantage. Or, in F1 parlance, a safety car edition. It's technically called the Aston Martin Vantage F1 Edition, and fortunately, it's not just a Vantage with a fancy paint job. It actually boasts several performance improvements that it shares with the real safety car. You can even see some of those upgrades. The car features a front splitter and canards, rear wing, and under body tweaks. They all allow the F1 Edition to make an additional 441 pounds of downforce at top speed over a standard Vantage. Though not majorly affecting performance, the Vantage F1 Edition also receives a slatted grille, carbon fiber accents, quad-tip exhaust, exclusive 21-inch wheels, and a matte dark grey stripe. Only three colors are available, Aston Martin Racing Green, black and white, all three of which can be matte or gloss. Inside, the car gets black leather and grey Alcantara with your choice of green, black, grey or red stitching and center stripe. The F1 Edition gets extra power, too. The twin-turbo 4.0-liter AMG V8 makes 527 horsepower, an increase of 24, though torque is unchanged at 505 pound-feet. An eight-speed automatic is the only transmission available, and Aston Martin says it has been retuned to shift faster. Acceleration and top speed don't change, with 0 to 60 happening in 3.5 seconds for the coupe and 3.6 seconds for the roadster. The coupe's top speed is 195 mph and the roadster's is 190. Besides the extra grunt, the F1 Edition gets stiffer springs and retuned shocks along with a steering rack that Aston says provides better feedback. To pick up one of these upgraded Vantages, you'll need $162,000 for the coupe. Pricing hasn't been given for the roadster, but it will likely cost a bit more. Aston is taking orders now, and cars will be delivered to customers and dealers starting in late summer this year. Related Video: Aston Martin DBX in Stirling Green | On road, off-road and on the track