Stunning Db9 Convertible Service History 19 Whls Htd Seats Nav 5k Miles Pristine on 2040-cars

Auto blog

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.  

Aston Martin testing modified Vantage at the 'Ring

Aston Martin is on the verge of a renaissance that stands to be the biggest shift for the British automaker since it went independent in 2007 – if not since Ford took it over in the early 1990s. It's got a new chief executive, a new engine deal in place with Mercedes-AMG, a new platform under development and – if the new Lagonda sedan is anything to go by – maybe a new design direction in the works. And what do we have here? A test mule that could foreshadow one of the first new models of this new era. Spied undergoing testing at the Nurburgring (where else), this prototype looks for the most part like the existing V12 Vantage S, but with what look to be even wider wheel arches. The question, then, is what those widened wells are there to accommodate, and the most likely conclusion would be that new Mercedes engine. Aside from the lack of grille slats inside that trademark opening in the nose and the competition-spec alloys inset in those arches, there's not much else to go on. But that Aston is testing such a prototype at all is evidence enough that work is under way on something exciting, so watch this space.

Aston Martin Vantage with a manual transmission due next year

In 2016, Aston Martin CEO Andy Palmer told Car and Driver that that Aston Martin would continue to offer manual transmissions and will always have at least one hand-shaker in the lineup. For the keepers of the dying manual light, it's been a long wait since the V12 Vantage S went out of production last year, but dawn will break over Gaydon in summer 2019. Aston Martin chief engineer Matt Becker told Road & Track at the Goodwood Festival of Speed that there'd be a stick shift in the V8 Vantage by "this time next year." That might seem like a long wait when there are already prototypes on the road, but the small company has a large engineering job. The Mercedes-AMG 4.0-liter twin-turbo V8 sitting in the Vantage's engine bay has never been paired with a manual gearbox, so Aston Martin has to create the software and the driveline hardware from scratch to make it work. On top of that, the company wants to make sure the package delivers the thrills the row-your-own crowd seeks. Becker said the car won't be a pushover, tuned so that "It reminds you that you have to know how to drive." Depending on uptake, one could hope that the DB11 using the same Mercedes-AMG engine would also undergo a manual transformation. Road & Track didn't get the details on what kind of transmission we could expect. We figure the options are a traditional six-speed, a Corvette-style seven-speed, a Porsche-style seven-speed, or the dogleg seven-speed used last in this year's V12 Vantage V600, of which there were only 14 units. Speculation on product plans puts the manual transmission first in the V8 Vantage pipeline, followed by a Vantage roadster and a V12 Vantage. Other models will certainly fill out the portfolio, Becker saying this first Vantage "is the starting point." Having applied the hardcore AMR moniker to the Valkyrie AMR Pro, DB11 AMR, and Rapide AMR, the Vantage seems a lock for the same extreme makeover. Related Video: