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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.

Aston Martin 'Goldfinger' DB5 continuation cars' gadgets revealed

Awhile back, Aston Martin announced that it would create some Aston Martin DB5 sports cars that replicate James Bond's car in the movie "Goldfinger." What really got our attention was that Aston Martin intended to give it functional gadgets. The company has finally provided a list of the details it intends to replicate, along with some samples of progress, and it's all quite impressive. The list of functional or semi-functional gadgets that will be included is extensive. About the only thing that won't operate is the passenger ejector seat, which is completely understandable. Otherwise, the car will have rotating license plates, extending bumper rams, an oil slick system, smoke screen generator a simulated radar screen in the center stack, switches under the armrest and shift knob and a weapons storage tray under the seats. Under the semi-functional list are the machine guns and raising bullet shield. We say semi-functional because the machine guns don't actually fire anything, and we doubt the bullet shield should be put to the test. The company also released video showing the progress on the smoke screen, oil slick and machine guns. The oil slick is easily the most impressive, as the dispenser deploys from behind the taillight and sprays in the same fan pattern from the movie. And it very clearly will spray liquid, though actual oil spray is probably inadvisable in real life. The machine gun, while not actually firing shots, is still impressive to see. It deploys from behind the turn signals, and it lights up and recoils in a very convincing manner. The smoke screen is less impressive after all this, but it still looks true to the movie, since it appears it will send smoke out the tailpipe. This car is turning out to be the ultimate piece of Bond memorabilia with its shockingly realistic and well-integrated gadgets. So we're inclined to agree with our West Coast Editor and resident Bond expert James Riswick that this is totally worth the 2.75 million pound price tag. And if you don't agree, you may find the Lego DB5 model more acceptable.

Patrick Stewart marks Beatles anniversary with a story about driving Paul's Aston Martin

Hollywood celebrated the 50th anniversary of The Beatles' Abbey Road album with a temporary zebra crosswalk and a speech from longtime fan and friend, actor Patrick Stewart.  Stewart unveiled a sign dedicated to the album at the event. And though he has gone on in life to race cars, he recalled a story (video below) about nervously driving Paul McCartney's Aston Martin when he was a 24-year-old. "We drove from Bristol to Bath and back. And all the way Paul kept saying, 'Come on put your foot down, overtake, overtake.' And all I could think was, 'If I killed Paul McCartney ...'" For Stewart, being able to call Paul and Ringo lifelong friends is still surreal. "I saw Paul and Ringo about six weeks ago, just by accident, by chance in a restaurant. And it is always whenever I meet Paul as though no time has passed at all. He has an immediacy of behavior, a spontaneous way of behaving which is remarkable." The Abbey Road album was released Sept. 26, 1969, and was the last one the group recorded together as a band. A special anniversary edition of the album has been released with new mixes and unreleased session recordings and demos. Celebrities Aston Martin beatles