1998 Aston Martin Db7 Volante- 38k One Owner Miles on 2040-cars

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Aston Martin seeks ‘big brother’ despite first profit in years, IPO talk

Aston Martin just reported that it earned $121 million (or GBP87 million) in 2017, its first profit in eight years, and it's preparing for a possible initial public offering, eyeing a valuation as high as $6.95 billion (GBP5 billion). It has a strategy to begin converting its fleet to hybrid and electric powertrains. Nevertheless, the low-volume British luxury marque says it needs a helping hand to survive the wave of autonomous driving technology sweeping the automotive industry. CEO Andy Palmer tells Bloomberg it's looking for a "big brother" partner to help it with the billions of dollars in capital requirements posed by the dawn of driverless cars. "We are making a new kind of company, a company that can survive on 7,000 to 14,000 very highly priced, very profitable cars a year, but it can survive because of its partnerships," Palmer told Bloomberg TV. "It can be very profitable on that 7,000 to 14,000 cars a year but only by having a big brother that can help it out." Palmer said Aston Martin already has a partnership with Daimler AG, which owns a 5-percent stake in the company, to develop autonomous capabilities, but more help is needed. One assumes he is envious of competitors like Rolls-Royce and Bentley, which benefit from the corporate parentage and financial resources of BMW and Volkswagen, respectively. Sales grew 48 percent in 2017 to nearly 5,100 units, Aston's highest sales volume in nine years, on the strength of the DB11 sports car, which starts at $211,995. It was enough for Palmer to proclaim in a release, "The financial turnaround of Aston Martin is now complete." While it shops around for a sugar daddy, Aston Martin is busy building a new factory in Wales, set to open in 2019. It has launched new models like the DB11 Volante and Vantage, plus the limited-production DB4 GT Continuation model. Further out, the company is building 155 examples of its first electric car, the RapidE, due in 2019, and it's developing an electric version of the DBX crossover, also for 2019. Palmer has said Aston Martin will offer all six of its vehicles in hybrid variants by 2025, with 25 percent of its vehicles to be fully electric by the end of the 2020s. Related Video: Image Credit: Aston Martin Aston Martin Autonomous Vehicles Electric Luxury aston martin rapide aston martin vantage aston martin db11 aston martin dbx aston martin db11 volante

Fisker sues Aston Martin for $100M over The Force 1

We were expecting Henrik Fisker to bring The Force 1, his next vehicle design, to next week's Detroit Auto Show, but that might not happen. In December an attorney for Aston Martin sent Fisker a letter asking the Danish designer to either not show his car in Detroit or to change the design. Fisker responded to that letter by filing $100-million civil extortion lawsuit against Aston Martin in a California Federal court, naming company CEO Andy Palmer, chief spokesman Simon Sproule, and chief creative officer Marek Reichman as defendants. Based on the overhead-view sketch, the English carmaker believes that The Force 1 is "strikingly similar to several of Aston Martin's cars, including the DB10" from the movie Spectre. At the same time the carmaker's letter to Fisker admitted that it doesn't know what the final design will look like, but it appears that the carmaker's intent to "protect its valuable rights if necessary" could not make way for patience. Or perhaps Aston Martin is trying to prevent another Thunderbolt episode before it starts. That incident last year involved the carmaker suing Fisker over his reimagined Vanquish, with the two settling the matter out of court. Fisker says The Force 1 has isn't based on an Aston Martin, and as part of the lawsuit submitted a design breakdown of both the DB10 and The Force 1. Fisker's latest is apparently in partnership with VL Automotive, the company that's been threatening to release a V8-powered Karma sedan for years now, and the Detroit show organizers say they've been working with VL, not Fisker. The lawsuit seeks the $100 million for punitive and compensatory damages and court costs, alleging that Aston Martin's actions "would subject [Fisker] to public humiliation, embarrassment in the industry, and significant financial losses." The public allegations go even further, Fisker's lawyer Jonathan Michaels saying that the English brand, "In an effort to protect itself from further market erosion... conspired and devised a scheme to stomp out Henrik Fisker's competitive presence in the luxury sports car industry." News Source: Wall Street Journal Design/Style Government/Legal Detroit Auto Show Aston Martin Fisker Coupe Luxury Performance lawsuit Henrik Fisker spectre aston martin db10

Aston Martin's AM-RB 001 hypercar will have a 6.5-liter Cosworth V12 and so much more

It's been a while since we heard any big news about the Aston Martin-Red Bull hypercar, the plainly named AM-RB 001. When it debuted last year, we got a look at the shape – and that's about it. Sure, a super-powerful V12 hybrid powertrain was promised, but we didn't have any concrete details on it or what was going into the pretty wrapper. Well, now Aston has made some announcements about partners, and they certainly have our attention: Cosworth, Ricardo, Multimatic, and Rimac. Cosworth, the famed engine supplier, will be supplying the engine. It's a 6.5-liter naturally aspirated V12. Aston had previously said the car will be a member of the one-horsepower-per-kilogram club, and so people are expecting the engine to make about 900 horsepower. It will of course be augmented by an electric motor, which will be fed by a high-performance battery from Rimac. (Yes, the same Rimac whose Concept_One has been shown in videos beating everything from Teslas to LaFerraris.) The as-yet-undefined amount of power will be routed through a seven-speed paddle-shift transmission supplied by Ricardo. And because you're going to want to stop, there will be big carbon-ceramic brakes – Alcon and Surface Transforms will supply the calipers and carbon discs. Multimatic, builders of awesome shocks, will make the carbon-fiber tub that everything goes into. Multimatic has worked with Aston in the past, including on its last limited-production vehicle, the One-77. Bosch is responsible for the ECU, traction control, and stability control. LED lights will be supplied by Wipac. So yeah, there almost aren't any high-profile companies left after this announcement. This car is going to be pretty extreme. Aston reiterates that it will build a maximum of 150for the road including prototypes, plus 25 more track-only models. They'll start going to customers in 2019. Related Video: Featured Gallery 2018 Aston Martin Red Bull AM-RB 001 Aston Martin Coupe Hybrid Lightweight Vehicles Performance Supercars aston martin am-rb 001