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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.

Autoblog Podcast #402

Episode #402 of the Autoblog Podcast is here, and this week, Dan Roth, Steven Ewing, and Brandon Turkus talk about the Audi A3 TDI Challenge and luxury car features we not-so-secretly love. We start with what's in the garage and finish up with some of your questions, and for those of you who hung with us live on our UStream channel, thanks for taking the time. Check out the rundown below with times for topics, and you can follow along down below with our Q&A. Thanks for listening! Autoblog Podcast #402: The video meant to be presented here is no longer available. Sorry for the inconvenience. Topics: Audi A3 TDI road trip Luxury features we're sort of ashamed we love In The Autoblog Garage: 2014 Land Rover LR4 2015 Aston Martin Vanquish 2015 Dodge Challenger R/T Scat Pack Hosts: Dan Roth, Steven Ewing, Brandon Turkus Runtime: 01:17:40 Rundown: Intro & Garage - 00:00 Audi A3 TDI Challenge - 42:51 Luxury Features We Love - 01:00:05 Q&A - 01:09:17 Get the podcast: [UStream] Listen live on Mondays at 10 PM Eastern at UStream [iTunes] Subscribe to the Autoblog Podcast in iTunes [RSS] Add the Autoblog Podcast feed to your RSS aggregator [MP3] Download the MP3 directly Feedback: Email: Podcast at Autoblog dot com Review the show in iTunes Podcasts Aston Martin Audi Dodge Land Rover Diesel Vehicles Luxury Performance aston martin vanquish

The only road-legal Aston Martin Vulcan dressed up in bomber camo for Gumball

The Gumball 3000 is to cars what the Met Gala is to fashion. Whereas Gala guests are flexing their money with outrageous outfits and costly designer customs, Gumball participants show off with expensive and rare vehicles covered in eye-popping temporary skins. One of the biggest stars at the 2019 Gumball 3000 will be the only road-legal Aston Martin Vulcan in the world. This year, the Gumball 3000's path takes drivers from Mykonos, Greece, to Athens, Greece, to Thessaloniki, Greece, to Tirana, Albania, to Porto Montenegro, Montenegro, to Split, Croatia, to Venice, Italy, to Monaco, to Barcelona, Spain, to Ibiza Town, Spain. Approximately 114 teams will be participating in the ostentatious party rally, and few will have a car more special than the Vulcan. YouTube personality Mr. JWW will be behind the wheel of the Team 106 car, which is wearing a slick camo look that is inspired by the Avro Vulcan bomber used by the Royal Air Force (and featured in the James Bond movie Thunderball as another point of reference). JWW will also be joined by G. Stepanovs and S. Tompkins. Of the 24 Vulcans made, the one you see here is the only road-legal version of the bunch. In the video above, JWW shows exactly what makes it capable of driving on public roads. The mods include Michelin Pilot Sport Cup 2 tires, an increased ride height, a different front splitter, a revised radiator, removed steering lock stops, revised steering rack, and an altered rear wing. The biggest adjustment is the addition of proper headlights, which give the Vulcan an entirely new front-end style. Aston Martin changed a few minor things inside, as well. Check out all of the features in the full video above, and watch the JWW and Gumball 3000 social channels this weekend and next week for ongoing rally coverage. View this post on Instagram A post shared by Gumball 3000 (@gumball3000) on Jun 7, 2019 at 6:43am PDT