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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.

1965 Aston Martin DB5 Shooting Brake: Rare, stylish, practical, and up for auction

Have you ever looked at a 1965 Aston Martin DB5 and thought, "I would totally buy one, but it's just not practical enough." If so, we're a little surprised, but at least you're not alone. According to RM Sotheby's, David Brown, the man who ran Aston Martin for several decades and started the line of DB models that continues today, felt similarly. Apparently he couldn't fit his polo gear into a regular Aston coupe, and he wanted somewhere for his dog to sit that would keep it from tearing up the seats. As such, the Aston Martin DB5 shooting brake was created for him and a few wealthy customers by coachbuilder Harold Radford. The grand total was 12. One of those 12 cars is going up for auction by RM Sotheby's. It's one of four built with left-hand drive and was sold to a Swiss buyer who optioned it with a power antenna, seat belts, passenger-side head rest, air horns and initials on the doors. The car has had two other owners and has gone through a couple restorations. The second owner picked it up in 2003 and had it restored by Aston Engineering, which bumped the displacement from 4.0 liters to 4.2 and replaced the factory automatic with a 5-speed manual. The second owner acquired it in 2009 and upped the displacement even further to 4.7 liters along with upgraded shocks and springs. The car will be auctioned at RM Sotheby's Monterey event during the week of the Pebble Beach Concours d'Elegance. The company expects it to sell for between $1,000,000 and $1,400,000. Considering the rarity of the car, that doesn't seem terrible, but according to the Hagerty price guide, it's rather high. It values the DB5 Shooting Brake at $790,000 for a concours-quality car. For reference, Hagerty values a concours-quality DB5 coupe at $1,450,000.

Aston Martin DB11 Volante loses its roof and four cylinders

Aston Martin hasn't exactly hid the fact that it had a convertible version of the DB11 in the works. In fact it plastered the official release date on the sides of the prototypes. And now, roughly half a year before the Spring 2018 release date, the company has shown the car and provided all the specs. Right off the bat, it's clear the DB11 Volante hasn't lost any of its beauty in the chop job. Overall, it looks just as scintillatingly curvy as the coupe, and it manages to avoid looking too heavy and thick, regardless of whether the top is up or down. The top itself is rather pretty, with a taut shape and thin pillars helping maintain the DB11's lithe look. It can also be had in red, black-silver, or gray-silver, and is made up of eight layers for sound reduction. Losing the top also provides a great look at the optional seat back veneers, available in carbon fiber or, as in the photos above, in wood. In addition to looking attractive, the DB11 Volante has a number of performance advantages over its DB9 predecessor. According to Aston, it weighs 57 pounds less than the DB9, and it's 5 percent stiffer. Its top also takes up less trunk space. Unfortunately, the DB11 Volante's 4,134 pound curb weight is significantly more than the DB11 V8 coupe, which weighs around 3,800 pounds. It also roughly matches the V12 DB11 coupe. The comparison to the V8 model is important because the DB11 Volante will only offer the V8 engine. It's the same AMG-based unit from the coupe, displacing 4.0-liters and breathing through a pair of turbochargers. It's also coupled to 8-speed automatic and features a torque-vectoring limited slip differential. Despite the added heft over the coupe, the 503-horsepower engine still gets the DB11 Volante to 62 mph in 4.1 seconds, which is only a tenth behind the V8 coupe. It also will reach a top speed of 187 mph. The DB11 Volante will start at $216,495. That's $17,500 more than the V8 coupe, and the same price as the V12 coupe. Aston Martin is currently taking orders for the DB11 Volante. The first examples will be delivered in spring of 2018. Related Video: