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Aston Martin to open test center at Silverstone, British racing's Mecca
Thu, Jun 21 2018LONDON — Aston Martin will open a test and development center at Silverstone, the home of British Formula One racing, as the luxury carmaker continues to expand ahead of a possible stock market offering. James Bond's car brand of choice is undergoing a turnaround plan designed to boost its model lineup, quadruple volumes and produce its first sport utility vehicle at a new plant in Wales. The firm, which sponsors the Red Bull Formula One team, said its Silverstone site would open in October and employ 60 people. Many Formula One teams have been based close to Silverstone in central England, leading the area to become known as motorsport valley. Silverstone hosted the first Formula One championship race in 1950. "The company is now investing for growth across the Aston Martin and Lagonda brands," said Chief Executive Andy Palmer in a statement, also announcing the opening of a central London office. Aston said the new locations would help increase the firm's total workforce by over half to 5,000 by the end of 2022. After six years of losses, Aston Martin swung to a pretax profit in 2017, and the company has said it is considering a stock market IPO, which sources have told Reuters could come as soon as this year. Reporting by Costas PitasRelated Video:
The Rolls-Royce Dawn leads this month's list of discounts
Wed, Jul 8 2020If you're one of the few readers of this site who is in the market for a $350,000 Rolls-Royce Dawn, well, first of all, good for you. And you should be prepared to keep some extra money in your pocket, too, as the drop-top Roller leads this month's list of the largest monetary discounts with an average of $14,733 taken off the machine's $359,250 sticker price. That means buyers are paying an average transaction price of $344,517 for the 2020 Rolls-Royce Dawn this month, according to data provided to Autoblog by TrueCar, which equals about 4.1% off the price on the sticker. An intriguing pair of supercars land in second and third positions this month. The 2019 Acura NSX is selling for an average of $145,174 this month, which represents a 9% discount, or $14,373. With an eerily similar 9% discount of $14,079 comes the 2020 Aston Martin Vantage, which has an average transaction price of $142,002 this month. The Maserati Quattroporte is up next with an average discount of $13,634. Another Rolls-Royce model lands in the fifth spot, but instead of the aging Dawn it's the brand-new Cullinan SUV. Although the luxury 'ute boasts a large discount of $12,427, its staggeringly high retail price of $332,750 means buyers are getting a little less than 4% off the sticker. More interesting to most buyers will be the 2019 Lincoln Navigator, which is one of our favorite full-size SUVs in America. Buyers of Lincoln's range-topping vehicle are getting average discounts of $11,761. That represents a 13.4% savings for a final price of $75,940. For a look at the best new car deals in America based on the percentage discount off their suggested asking prices, check out our monthly recap here. And when you're ready to buy, click here for the Autoblog Smart Buy program, which brings you a hassle-free buying experience with over 9,000 Certified Dealers nationwide. Related Video:
Aston Martin reportedly picks out a name for DBX SUV: Varekai
Sat, Mar 17 2018It seems a distinct possibility that the name of Aston Martin's upcoming SUV will not remain "DBX," as it has been known. The British Autocar reports that the manufacturer has earmarked the name Varekai for it, which would certainly tie in nicely with the company's earlier V-named products. The word Varekai comes from the Romani language, meaning "Wherever," and for a go-anywhere SUV it would be more than suitable to have a nomad name. However, while Aston has applied to trademark the name, it would not comment on the name's authenticity when asked by Autocar. The SUV, no matter what it will be called, will be manufactured in a new facility in St Athan, Wales. The factory is based on an old air force base, and it will bring up to 750 new jobs to the area when it is brought online. Last month, Aston Martin said the first phase of the facility's construction is now complete, and the SUV will start production in 2019. The powerplants for it will be V8 and V12 engines, as well as a hybrid and an all-electric drivetrain in development. Related Video: News Source: AutocarImage Credit: Aston Martin Rumormill Aston Martin Crossover SUV Electric Future Vehicles Hybrid Luxury Performance
