2009 Aston Martin Dbs 6 Speed Low Miles on 2040-cars

Auto blog

Aston Martin skids in stock market debut

LONDON — Shares in luxury automaker Aston Martin fell as much as 6.5 percent on their market debut in London on Wednesday as investors and analysts raised concerns over Aston's ability to deliver an ambitious rollout of new models. The company, which last year made its first profit since 2010 and has gone bankrupt seven times, had priced its shares at 19 pounds each, giving it a market capitalization of 4.33 billion pounds ($5.63 billion). The shares fell to as low as 17.75 pounds. Aston Martin has plans to launch a new model every year from 2016 to 2022. "(It) has very aggressive growth plans. The execution of that growth needs to be flawless — nothing eats cash more than a car company when the cycle turns. There is concern that it's more cyclical than the commentary has been," said James Congdon, managing director of cashflow returns specialist Quest. "The banks have done a good job for their client — but there's no bounce." Aston is going all-in Aston Martin — full name Aston Martin Lagonda Global Holdings Plc — expects to produce around 7,100 to 7,300 cars in 2019, and 9,600 to 9,800 cars in 2020. It aims to increase production to 14,000 cars in the medium term, helped by new models and improving its manufacturing process. The company is investing all of its cashflow to try to achieve this, leaving nothing for dividends or paying down debt. "In terms of execution risk — this is what I've done for all of my career. I'm an engineer: we mitigate risk," Chief Executive Andy Palmer, who has led a turnaround plan at the company since 2014, told Reuters. Palmer played down risks to the business from Britain leaving the European Union, even as other car manufacturers step up warnings over a disorderly Brexit. He said Aston Martin was "relatively well insulated" from the effects of Brexit because Europe is not its biggest market and it may actually benefit from exporting with a cheaper pound. However, 60 percent of its parts are imported from the EU and will be hit by tariffs if there is no trade deal. "Obviously we'd all prefer no tariffs to be frank, no doubt, but the industry has to learn to adapt, and it always has adapted to changes," Palmer said. Valuation In 2017, Aston Martin had adjusted earnings before tax interest, depreciation and amortization (EBITDA) of 206.5 million pounds, up from 100.9 million pounds in 2016.

'Top Gear' takes us inside the Aston Martin Project 003

"Top Gear" magazine's Jack Rix might be the ideal lad to lock in a room with a cool car and a camera. After taking us on tours of the Mercedes-AMG One and Honda Urban EV concept, he's wandered into another anteroom with the Aston Martin Project 003 and Vanquish. When we saw the mid-engined coupes at the Geneva Motor Show, it looked like Aston Martin programmed the Valkyrie family's design language to "softer" on the RMB-003 and "softest" for the Vanquish. We wanted more details. Cue Mr. Rix. The deputy editor fills us in on trivia like the combined weight of the Project 003 headlights and taillights being less than the weight of a single DB11 headlight. He also shows us how the NASA-aided FlexFoil wing works, and where the potential rear-view cameras would be mounted. Then he gets inside an interior that's "a bit more civilized" than that on the Valkyrie for not putting hip level beneath knee level. However, notice that here, too, the seat is built into the carbon fiber tub — the end of the seat bolster is flush with the footwell. And check out those vents that triple as speakers and ambient lighting. Rix can only walk around the Vanquish, since that car's not due until 2022, a year after the Project 003. Nevertheless, there are plenty of Easter eggs to share, like how design elements from front-engined Aston Martins have been integrated throughout the mid-engined bodywork. As a bonus feature, Aston Martin has taken a separate look at Valkyrie development through the eyes of high-performance test driver Chris Goodwin. The racer explains how he's using the Red Bull Formula 1 team's simulator to tune the Valkyrie road car's handling, active suspension, and aerodynamic systems. Goodwin was McLaren Automotive's test driver and worked on the Speedtail, so it could mean something when he says of the Valkyrie, "It's going to be a substantial gap between this car and what's currently available on the market."

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.