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Aston Martin may soon follow Ferrari with a London IPO

Aston Martin may soon be following Ferrari's lead, as Automotive News reports that people within the British automaker say it may soon consider an initial public offering. If it happens Aston Martin will likely list in London, not New York like Ferrari. While some in the industry were initially wary of Ferrari's move, the company is doing better than ever, with shares rising 62 percent since its IPO in 2015. An IPO could be a huge plus for Aston Martin. The company is looking to boost both sales and profit. Ferrari and Aston Martin sell similar vehicles at similar price points, but Ferrari has a much wider audience, even if most of those fans will never even sit inside one of its cars. That would likely be a big sticking point in estimating Aston Martin's value. It also moves half as many units as Ferrari per year. Aston Martin does have a new crossover on the horizon. Like Porsche, a crossover has the potential to more than double the automaker's sales. Even without it, fourth quarter profits in 2016 notably increased, fueled by solid sales of the new DB11. The IPO won't happen until sometime next year. The company wants to wait on a full 2017 earnings report. Related Video: News Source: Aston Martin Earnings/Financials Rumormill Aston Martin Ferrari stock

Cosworth briefly crows that Aston Valkyrie's 6.5L V12 has record horsepower

It's only natural that Cosworth would want the world to know that it's building the world's most powerful naturally-aspirated engine for the Aston Martin Valkyrie and Valkyrie AMR Pro. The timing of when the world should know about it, that's at issue. Yesterday the English engine maker's official Twitter account posted a picture of the barely-there coupe and the line, "We're famous for breaking records and our latest engine, the Aston Martin Valkyrie 6.5-litre V12, will be the world's most powerful naturally aspirated road engine with 1,130bhp." Two tags accompanied the post, #Cosworth and #AstonMartinValkyrie. About 90 minutes later, the tweet disappeared. The likely issue is that Cosworth got ahead of Aston Martin's official confirmation of Valkyrie outputs, something we're more used to from patent offices and Chinese model makers. The question is what output is Cosworth really talking about, and which car. All of last year, however, various reports had the street-legal Valkyrie making 1,130 hp. A Road & Track report attributed "nearly 1,000 hp" coming from the NA V12, the remaining 130 from a kinetic energy recovery system working the front axle. Hence, we're not sure if Cosworth's talking about its own engine alone at 1,130 hp, or its engine with the KERS. But then there's this: At the launch of the Valkyrie AMR Pro during the Geneva Motor Show this year, Aston Martin said the track-only Valkyrie AMR Pro would enjoy "a combined power output of more than 1100 bhp — more than the Valkyrie road car and a figure than comfortably exceeds the magic 1:1 power-to-weight ratio." The truth's a mystery for now, which is just as Aston Martin would want it. If Cosworth's engine really does make 1,130 hp on its own, that would be monstrous, and it would mean the automaker's been playing a serious game of English understatement. Even if Cosworth included the hybrid help, however, an NA V12 with 1,000 ponies would take the crown. The only competition is the 6.5-liter V12 in the Ferrari 812 Superfast, and that's 211 horses adrift. The quad-digit figures expected from Mercedes-AMG Project One and McLaren Speedtail require turbochargers, as does the just-teased V8 going into the Shelby Tuatara. With the first of 150 Valkyrie road car deliveries scheduled for next year, we probably don't have that much longer to wait to find out. Related Video:

Aston Martin stock price shaken and stirred by latest weak outlook

Aston Martin warned its 2019 profits would almost be cut in half due to weak European markets, sending its shares sharply lower as rivals Bentley and Rolls-Royce powered ahead. Tuesday's downgrade is the latest from the British luxury carmaker, whose shares have now plunged about three quarters in value since their 2018 listing. The 107-year-old firm, famed for being fictional agent James Bond's brand of choice, cut its forecast for wholesale volumes and profit margins in July, and reduced its volume forecast again in November. It has blamed weak UK and European markets and subdued demand for its Vantage model and said on Tuesday those conditions continued through December, leading to a 7% drop in wholesale volumes for 2019. "From a trading perspective, 2019 has been a very disappointing year," Chief Executive Officer Andy Palmer said, as the company's shares plunged as much as 16%. While Aston spent 2019 ploughing money into a new factory to build its first SUV, the highly lucrative market a number of carmakers have entered, rivals such as BMW-owned Rolls-Royce and Volkswagen-owned Bentley appear one step ahead. Bentley on Tuesday said its Bentayga SUV boosted the brand's performance in 2019 as it returned to profitability, while Rolls-Royce's Cullinan helped drive a 25% increase in sales to an all-time high of 5,152 vehicles. "Cullinan has proven to be an outstanding hot seller for the brand," Chief Executive Torsten Mueller-Oetvoes told Reuters. "We are sitting now on an order bank reaching even far into 2020." Aston hopes its first SUV, the DBX, will emulate this success and revive its fortunes next year. About 1,800 orders have been booked since its launch in November, the company said. "The order rate is materially better than any other car that we have ever launched before," Palmer told Reuters. For 2019, Aston expects adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of 130-140 million pounds ($171 million to $184 million). The company reported 247.3 million pounds in core profit a year earlier, while analysts' average forecast was 196 million pounds for 2019, according to a company-compiled consensus. Aston said it was also in talks with investors for a potential equity investment and would draw down $100 million in bond notes. Its shares, which have lost nearly 3 billion pounds in market value since their listing, were down 11.1% to 464.8 pence at 1136 GMT.