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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.

2019 Aston Martin DBS Superleggera Volante breaks cover

With less than a month to go before the official unveiling, it appears that the 2019 Aston Martin DBS Superleggera has been spied in Volante convertible form. The car is very clearly related to the DB11 GT sports car currently available, but with a number of updates. It should also be lighter (hence the Superleggera name) and more powerful. The most notable exterior change is in the front fascia, particularly the main grille. The traditional Aston grille shape has been stretched downward in the style of the Rapide and the Vantage AMR Pro. It also ditches the classic slats for an aggressive black mesh. Flanking the grille are two large air inlets that surely provide more cooling to the engine. Their positioning would be ideal for brake cooling, too. On the hood, the new DBS Superleggera gets two large vents right in the middle. Based on a teaser image, there will be Superleggera badging in a classical script next to the vents. The hood also has a bit of a raised dome down the middle. Moving around to the side, the car is basically unchanged save for deeper side skirts. The rear also lacks much in the way of changes. It has sprouted an additional pair of exhaust tips. Interestingly, each side has a small tip and a large one. We're not sure if this is a stop-gap measure for the prototype, or if the different-sized tips will be a production feature. When the car is revealed in June, it will come with a version of the twin-turbocharged 5.2-liter V12 found in the DB11. It will almost certainly have more power than existing DB11 models, meaning it will have more than the 630 horsepower of the DB11 AMR. Rumors have even indicated as much as 700 horsepower. With the Superleggera name, it will likely be lighter than existing DB11s, too. And of course, expect a price above other DB11s. Related Video: Featured Gallery 2019 Aston Martin DBS Superleggera spy shots View 24 Photos Image Credit: SpiedBilde Spy Photos Aston Martin Convertible Luxury Performance Supercars aston martin db11 aston martin dbs superleggera

Aston Martin considering US plant for DBX production

Aston Martin could be the next foreign automaker to begin production in the United States, according to the latest report from the Financial Times. The British automaker is reportedly considering a number of possibilities to handle assembly of the production version of the DBX crossover concept presented in March. Among them is the prospect of building a new plant in a Southern state like South Carolina or Tennessee, which could bring with it significant tax breaks and other incentives that would ease the process and make it financially attractive. Aston's main plant at Gaydon, UK, is reportedly nearing capacity as the company ramps up production, with a series of new models on the way. It moved production of the Rapide, its only model produced overseas, back to Gaydon in 2012 after it was initially handled off-site by Magna Steyr in Austria. That doesn't mean that the US proposal will necessary get the nod, though. Another possibility Aston is considering is taking over the former Jaguar facility at Browns Lane in nearby Coventry. The DBX concept was unveiled as an electric crossover coupe at the Geneva Motor Show last month, showing the way forward for the brand. The production version is expected to adopt a more conventional setup with four proper doors and an internal-combustion engine.