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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.

New Aston Martin V12 Vantage rumored with 670 hp

In August, spy photographers at the Nurburgring took pics of an Aston Martin Vantage mule doing hard laps. The primer black test car sported an extra wide body, a big ol' V-shaped mesh net on its hood likely hiding heat extractors, an enormous grille with extra intakes along the sides, and dual pipes jutting out the center of the rear diffuser. It looked like Aston Martin had put its 5.2-liter V12 into a Vantage engine bay, and reports from ears on the ground said it sounded that way, too. Remember, last year's Aston Martin Speedster was based on the Vantage chassis and was powered by that 5.2-liter V12, an engine not available in the series production Vantage. In the Speedster, that engine produced 690 horsepower and 555 pound-feet of torque. The Supercar Blog reports that its sources say a reborn V12 Vantage might have its engine restricted to 670 hp. That seems a logical number, possibly putting the V12 Vantage a notable step down from the 715-hp DBS and the 690-hp special edition Speedster. If it does get 670 hp, that figure would put it 40 ponies ahead of the DB11 with the same V12, but TSB reports the V12 Vantage will be a limited edition. Expected to arrive for the 2023 model year as part of the standard Vantage's model update, sources say there will only be 299 made.  The last time Aston Martin put its biggest engine in its smallest car, the result was arguably the best and most enjoyable car in the automaker's range. We have the same expectation this time around. Unlike the last time, though, there won't be a manual transmission on the menu; it's said the updated Vantage will go with the eight-speed automatic only. Now that the Vantage F1 Edition starts at over $160,000, a V12 Vantage could start beyond $190,000 and even creep over $200,000. Company CEO Tobias Moers has said he plans 10 derivatives of existing models by 2023, so it seems likely that this won't be the only special edition Vantage on the way.

Cash influx could help Aston Martin double sales

Aston Martin is on the verge of a major product overhaul – complete with new architecture and powertrains. And good thing, considering that the Vantage and DB9 are each about a decade old. But to make it all happen, the British automaker is going to need a massive capital influx. Fortunately, that's just what it got when Investindustrial came on board. The Italian private equity fund, which previously owned a large chunk of Ducati and is now building a Ferrari theme park in Spain, bought a 37.5 percent stake in Aston Martin back in 2012. The acquisition reportedly cost Investindustrial the better part of a quarter billion dollars, but that's not the end of the firm's investment in Aston. According to Bloomberg, Investindustrial is now pouring even more into the Gaydon-based marque to help fund its product blitz. The output of that investment is expected to be announced at the upcoming Geneva Motor Show. That's where Aston's new chief executive Andy Palmer (whom Investindustrial reportedly helped poach from Nissan) is tipped to announce the company's new product plan that is earmarked to help double the company's sales from around 4,000 units last year to as many as 8,000 once those new products reach the market. The plan will assuredly include replacements for Aston's trademark luxury GTs, but could also encompass a new crossover utility vehicle to give it a greater foothold in growing markets like China while taking on similar new products from key rivals like Bentley and Maserati. While those two competitors are owned by larger auto groups – Volkswagen and Fiat Chrysler, respectively – Aston is independent. It's brokered a deal with Mercedes (thanks once again in no small part to Investindustrial) to help with components it can't effectively develop in-house, but the cash injection will be critical to the brand's revival plans.