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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:

Aston Martin working on mid-engine Valkyrie ‘brother’ to rival McLaren P1

We know about the Aston Martin Valkyrie and the Valkyrie AMR Pro (pictured). And we know Aston Martin is planning a mid-engine rival for the Ferrari 488 and McLaren 720S. Now Autocar reports that the English luxury maker is working on yet another mid-engine model, a hypercar to outdo the McLaren P1 and Ferrari LaFerrari and stand up to the coming McLaren BP23. The newest addition to the small carmaker's grand plans is said to be known internally as "brother of the Valkyrie," and came about because of the sellout success of both the Valkyrie and Valkyrie AMR Pro. Both "brother of Valkyrie" and the 488 competitor are expected to use a carbon monococque with aluminum subframes. Both will use lessons from Aston Martin's tie-up with the Red Bull Formula 1 team, especially in packaging. Both are due to hit the market around 2021. And both will be products of the carmaker's Performance Design and Engineering Centre, a base of 130 engineers set up at Red Bull F1's Milton Keyes headquarters. However, the former car will fight in the GBP1M-plus price bracket ($1.4M-plus) where various manufacturers have made amazing hay with warp-speed daily drivers, and will be a limited edition "in order to add to its desirability." We remain in the dark on powertrains for both cars, but outsiders expect both to use a V8. When it comes to the "brother" car, Aston Martin's working relationship with Mercedes-AMG means it could tap the 4.0-liter V8 used by the DB11 and the Vantage. Apparently that engine can be wrung out to 800 horsepower with help from an ultimate EQ Boost setup. That still wouldn't be enough to compete in the segment, though, so the "brother" could become a demonstrator for Aston Martin's electric know-how — a rolling showcase that could turn its halo light on a potential electric sports car. Or perhaps there's another option that turns to Cosworth, the company helping develop the 1,000-hp 6.5-liter V12 in the Valkyrie. Aston Martin boss Andy Palmer wouldn't say much more about the junior supercar powertrain than, "In our portfolio today, we don't have an engine capable of giving us the output we require.

Aston Martin shows its other half with new Lagonda Taraf sedan

It's been a long time since we've seen a new Lagonda, but here it is: the Taraf. Introduced a few months ago in Dubai, the new Aston Martin Lagonda Taraf has since been confirmed for wider availability outside of the Middle East – including Europe, though sadly not North America – and is making its major show debut here in Geneva. The Lagonda Taraf is based on familiar technology – built on Aston Martin's familiar VH platform and powered by the company's ubiquitous 6.0-liter V12 engine – but stretches longer than the more compact Rapide and with completely different styling than we've grown accustomed to seeing on modern Astons. Only 200 examples will be made, priced at what is sure to be a substantial premium befitting its scarcity and the revival of a long-dormant nameplate. All of which means that this represents a rare opportunity to see the new Lagonda up close... at least until Aston cooks up the next model to wear the badge. Related Video: