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Aston Martin to raise funds for new models including CUV, hybrid

Aston Martin CEO Andy Palmer named three leads for new vehicle programs when he took the reins, now the company is looking for the money to give those leads something to do. Reuters reports that the Gaydon firm is considering debt or equity financing to raise 100 to 150 million pounds ($156M to $234M US) in funding for "an expansion from the current model range," according to an unnamed source. On top of that investment round, Aston Martin is overhauling its working capital streams to unlock more funds. As one of the industry's few remaining independent carmakers, the company has an intense five years ahead of it, working to revamp its current vehicles with a 500-million-pound investment, entering new segments to grow sales to roughly 10,000 units annually from 4,200 cars in 2013, and pay down hundreds of millions of pounds in current debt. The big high notes observers will be looking for over the next few years are the successor to the DB9, pegged for 2016, profitability predicted in 2017, a huge debt note due in 2018, and the formal end of the recovery period in 2020. Our own eyes will be locked on the DB10 in Spectre, naturally, and the Lagonda-honoring Taraf in other markets, hopefully. At least one of the new vehicles is expected to be a crossover, a segment Aston seemingly cannot ignore now that Bentley and Rolls-Royce are committed to making plays there. However, Reuters says an official announcement of what we can expect won't come until the 2015 Geneva Motor Show. Among the other models said to be up for funding? Sedans (perhaps including a Rapide replacement?) and an unspecified hybrid.

More V12 power, no turbos | 2017 Aston Martin Vanquish S First Drive

Like the last days of the dinosaurs, Aston Martin's $294,950 Vanquish S is one of a handful of extant Tyrannosaurus Rex – few big-capacity naturally aspirated engines still bellow rage at the world in general. So, six liters, twelve cylinders, 48 valves, and no turbos; hurrah. Well, as long as you're not buying the gas. As the delivery driver who brought this car to me observed: "Whatever I seem to do with this car, it never gives more than 14.5 mpg, where as long as you barely touch the throttle, the new DB11 gives you about 18." Aston's DB11, which debuted this year with a fresh chassis/powertrain architecture that will eventually underpin a new car with the Vanquish nameplate, is twin-turbocharged. The Vanquish S, with its extra power, is decidedly not. It's the off-duty moments that stymie gas mileage for naturally aspirated mills like the one in this car. Dragging that huge crank, con rods, pistons, and cams around plays havoc on economy when you aren't on it like jam on toast. At full throttle, there's not a lot in it, turbo or no turbo. The Vanquish is the most unlikely car ever to have almost not made it into production. The name was first used in 2001 attached to Ian Callum's toothsome aluminum/carbon composite coupe body, but then chief executive Uli Bez held it back for six months, officially because he didn't like the Ford Ka air vents. Unofficially, as he later admitted: "What no one wanted to hear at the time is that Vanquish was crap. I changed 200 things, and even then, it burned through gearboxes." At the heart of the Vanquish then and now is a V12 engine, effectively built out of two Ford Mondeo Cleveland V6 units. It's easy to scoff at such humble beginnings, but the rumor machine elicits Porsche and Cosworth involvement in its gestation. First introduced in the 1999 DB7 V12 Vantage, the engine was then tuned to 460 horsepower for the 2001 Vanquish, which also debuted Aston's bonded-and-riveted VH platform chassis. Over 2,500 of these amazing cars were sold in standard and (from 2004) S forms, though its robotized manual transmission was problematic.

Aston teases a topless DB11 before official Spring launch

Aston Martin has a lot riding on the new DB11. Aston Martin's CEO Andy Palmer called the vehicle the most important car the automaker launched in recent history, and on our first drive we said the new coupe is a great first step into the automaker's second century. So it shouldn't come as a surprise to hear that the automaker is working on a Volante variant of the DB11. The automaker teased the upcoming 2018 Aston Martin DB11 Volante with three images on its Facebook page. The lightly-disguised DB11 Volante reveals the upcoming roadster will feature a folding soft-top roof, with the writing on the door indicating that the vehicle will come out in the Spring of 2018. The three images only show the upcoming Volante's rear end, which is just as good looking as the coupe's. The front end should also mimic the regular DB11's, but the fact that Aston Martin didn't release any images of the Volante's front fascia has us thinking that it could be slightly different than the coupe's. Power for the DB11 Volante is expected to come from the automaker's all-new 5.2-liter twin-turbo V12 that generates 600 horsepower and 516 pound-feet of torque. While the coupe is able to hit a top speed of 200 mph and can get to 62 mph in 3.9 seconds, the Volante will be a little slower to 62 mph and will have a lower top speed, as well. Having a roofless DB11 will also cost more than the coupe's base price of roughly $212,000. With the DB11 Volante set to be revealed in the early months of 2018, we expect to see a lot more of the roadster in the upcoming months. Related Video: