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Aston Martin signs Letter of Intent for technical partnership with AMG

A little over two months ago came reports that Daimler and Aston Martin were in talks, again, about "supply and technical-cooperation agreements." The next step has been taken with Aston Martin announcing that it has signed a Letter of Intent that looks "towards a technical partnership" with Mercedes-AMG GmbH, and the two companies aiming to have definitive agreements done by year's end.
While it will get to use certain electric and electronic components from AMG, the true golden egg for the maker of the Vanquish will be the ability to develop a new line of "bespoke V8 powertrains" that will be fitted to "a new generation of models." In return for opening up the larder, Daimler will get a non-voting stake of up to five percent of Aston Martin.
Nothing else is being said about the tie-up for the moment, but there's a press release below with a few more details.

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 V12 Vantage V600 sends old model out with 600-horsepower bang

Time is nearly up for the outgoing Aston Martin Vantage coupe and convertible now that the new model has been released, but thanks to one fan of the car, it's going out in style. The company has created a special version of the Aston Martin V12 Vantage called the V600 at the request of a customer, and it will build just 14 of them, seven in each body style. It's apparently a tribute to the 1998 V8 Vantage V600, which had a supercharged V8 making 600 horsepower. Under the hood of this new iteration is a 600 horsepower naturally aspirated V12, which is even more potent than the V12 Vantage AMR. It's also exclusively paired to a seven-speed manual transmission. But the powertrain isn't the only unique aspect of the car. The hood is given a menacing bulge, and the louvered vents of the regular V12 Vantage have been replaced by more subtle circular holes arranged in a shape similar to the standard vents. The vents in the fenders have been changed as well, this time to something similar to those of the new Vantage. Up front, a grille shaped like that of the Rapide AMR replaces the normal one, and it has a unique mesh insert. In the back, the V600 gets a custom diffuser and quad exhaust tips. The interior features loads of carbon fiber, dark anodized aluminum trim and leather. Aston Martin didn't announce pricing for the V600, so it's fair to assume it's a lot. These special-edition cars are still available to purchase, though, unlike many special supercars that sell out before they're revealed. The company expects to deliver the cars in the third quarter of this year. Related Video: