2025 Aston Martin Db12 Volante on 2040-cars

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Aston Martin may soon follow Ferrari with a London IPO

Aston Martin may soon be following Ferrari's lead, as Automotive News reports that people within the British automaker say it may soon consider an initial public offering. If it happens Aston Martin will likely list in London, not New York like Ferrari. While some in the industry were initially wary of Ferrari's move, the company is doing better than ever, with shares rising 62 percent since its IPO in 2015. An IPO could be a huge plus for Aston Martin. The company is looking to boost both sales and profit. Ferrari and Aston Martin sell similar vehicles at similar price points, but Ferrari has a much wider audience, even if most of those fans will never even sit inside one of its cars. That would likely be a big sticking point in estimating Aston Martin's value. It also moves half as many units as Ferrari per year. Aston Martin does have a new crossover on the horizon. Like Porsche, a crossover has the potential to more than double the automaker's sales. Even without it, fourth quarter profits in 2016 notably increased, fueled by solid sales of the new DB11. The IPO won't happen until sometime next year. The company wants to wait on a full 2017 earnings report. Related Video: News Source: Aston Martin Earnings/Financials Rumormill Aston Martin Ferrari stock

Aston Martin will make a profit for the first time since 2010

LONDON — Aston Martin 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. Pre-tax profit reached 22 million pounds ($29 million) in the first nine months of 2017, reversing a loss of 124 million pounds in the same period in 2016, Aston said on Wednesday. "Our strong financial performance and continued profitability reflect the growing appeal of our high-performance sports cars, with the new DB11 Volante and a new Vantage expected to stimulate further demand in the coming year," Chief Executive Andy Palmer said. Asked on Monday whether the firm would be in the black this year, Palmer told Reuters: "It's our intention to be." Aston Martin, which is mainly owned by Kuwaiti and Italian private equity firms, last posted a profit in 2010. Its losses then grew, partly due to lack of new models, a high-profile recall and an extended period without a chief executive. Since Palmer's appointment in 2014, the firm has pursued a turnaround plan designed to boost its model lineup, quadruple volumes and produce its first SUV at a new plant in Wales, setting up a possible stock market flotation. Volumes rose 65 percent to 3,330 cars in the first nine months of the year, prompting the firm to raise its full-year guidance to expect core earnings of at least 180 million pounds on revenue of over 840 million pounds. Third-quarter profit stood at 0.8 million pounds, reflecting a quieter period across the car sector when demand falls as people take holidays and some customers prefer to wait until after the vacation period to have their cars delivered. On Tuesday, the firm launched its new Vantage model, which will take its output to 7,000 sports cars in 2019, its highest level in a decade. Related Video:

DBX goes black tie with Q by Aston Martin

Aston Martin won't begin delivering its new DBX to customers in North America until the latter half of this year. Perhaps as a favor to DBX intenders that haven't placed orders yet, Q by Aston Martin has prepared a bespoke DBX for the Geneva Motor Show that presents a sliver of the creative possibilities unlocked by working with Q. The near infinite menu of choices has been broken down into two groups, Q by Aston Martin Commission and Q by Aston Martin Collection. Collection fits a range of predesigned accessories like carbon fiber paddle shifters or hood vent louvers for the DBS Superleggera. The Commission range encompasses all the imagination that a customer's bank account can fund. The Geneva show car wears Satin Xenon Grey paint from the Collection, as well as carbon fiber pieces around the lower exterior, black anodized tread plates and plaques on the sill. The 22-inch gloss black painted wheels come from the Commission department. The grand showcase comes inside the DBX vault. Yards of Obsidian Black Leather come from the SUV's standard options list. Commission stewards designed the satin chrome aluminum trim and jewelry as an entree, all milled from a solid ingot of the shiny stuff and finished with a special diamond pattern. They followed that up with a custom technique for the carbon fiber floating center console, door trim, and luggage floor. Craftsmen laid up 280 layers of carbon fiber, cured it for 12 hours, then put five-axis milling machines to work for 90 hours to create the necessary shapes. The finish on the cabin pieces reflects the strata of the hand-laid layers, while the span protecting the luggage floor comes from a single sheet of herringbone-pattered carbon fiber. Raised metal and rubber welts help protect the load floor finish and prevent cargo sliding to and fro.  The standard DBX starts at $192,986 after destination. A Q by Aston Martin DBX will, naturally, cost a touch more. Related Video: