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Aston Cambridge celebrates British Spitfire with bespoke V12 Vantage S

Update: These special-edition Aston Martins are a creation of Aston Martin Cambridge, a dealer. They are being built in cooperation with Aston's Q bespoke division. The Supermarine Spitfire is well-known in the UK for its role in World War II. To commemorate the plane's first flight, which took place 80 years ago, Top Gear reports that Aston Martin Cambridge has created a limited-edition model of the V12 Vantage S. The automaker will only build eight units of the Spitfire 80, and it's safe to assume that none will make it to the US. As a special-edition model, the V12 Vantage S is finished in "Duxford Green" – aptly named after the Royal Air Force base where the first Spitfire squadron was stationed – with a yellow pinstripe along the side of the vehicle. The special edition isn't just a fancy paint job, as Duxford's Aircraft Restoration Company hand-built several components for the vehicle. The most prominent include the tailpipe finishers that have a rainbow bloom effect to match the original Spitfire's exhaust. Aston Martin's Q division added special touches to the interior with bespoke embroidered logos on the headrests, and the RAF's iconic roundel is integrated directly into the central dash. According to a Facebook post by Aston Martin Cambridge, the seats and inside of the glovebox feature Kestral Tan leather with black stitching, while the rest of the interior has black Alcantara with Kestral Tan stitching. Because of the car's exclusivity and unique touches, Aston Cambridge priced the Spitfire 80 at roughly $240,210, which is almost $50,000 more than a standard V12 Vantage S. An unspecified percentage of the vehicle's price will be donated to the RAF Benevolent Fund. All eight owners will receive their vehicles at IWM Duxford – a historic airfield and museum – on October 18th and go for a flight in a Spitfire. Related Video:

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.

Aston Martin wants to be the Hermes of the car world

Aston Martin doesn't want its wealthy potential customers to perceive the brand as just another sports car maker. The company wants to transform those perceptions so that buyers see its products as luxury goods on par with high-end accessories. If this change can successfully bring in more cash, the business could consider an initial public offering in the coming years. "We seek to position ourselves as the automotive equivalent of Hermes, not as the counterpart of Ferrari." CEO Andy Palmer explained the change to Bloomberg, referencing the boutique French brand. The desire to change buyer impressions comes as Aston Martin pivots away from a focus predominantly on sports cars and more towards high-performance luxury vehicles. For example, the company already has sedans in the lineup like the Rapide and Lagonda Taraf. The future range will also reportedly include an electric Rapide and another Lagonda. The production version of the DBX crossover (concept above) will add one more segment around 2019. However, Aston Martin won't completely abandon coupes because the DB11 will arrive in 2016, and a new Vanquish and Vantage will eventually follow. For Aston Martin to have a future, Palmer believes the company needs to look in new directions, especially with models like the DBX. According to Bloomberg, execs there hope that appealing to more customers could help the business see a net profit in the next three years, which hasn't happened since 2010. To save even more money going forward, the business recently cut 15 percent of its workforce mostly from white collar employees. Featured Gallery Aston Martin DBX: Monterey 2015 View 16 Photos News Source: BloombergImage Credit: Copyright 2015 Drew Phillips / AOL Aston Martin Crossover Luxury Performance Sedan aston martin rapide aston martin lagonda aston martin dbx