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Aston Martin announces $306M in funding to build DBX, 'other new luxury vehicles'

Aston Martin has just gotten one step closer to building a crossover, as the British outfit has secured a 200-million-pound (about $306 million at today's rates) infusion of capital from its leading shareholders. The money will allow Aston Martin to develop "a new vehicle based on the DBX concept," although just how closely the production model will adhere to the concept's styling is unclear. Andy Palmer, the company's CEO, also hinted at other models being added, thanks to the funds. "This additional long-term funding, will enable us to add extra model lines and broaden our presence in the luxury market segment by the end of the decade. The DBX concept has generated interest far beyond our expectations," Palmer said in the attached statement. "The additional investment announced today will allow us to realize the DBX and other new luxury vehicles that will form the strongest and most diverse portfolio in our history." It's unclear what these "other new luxury vehicles" will include. Previous reports have indicated a Lagonda-badged replacement for the aging Rapide will be added to the range, although considering the age of the rest of Aston Martin's lineup, it's a safe bet that at least some of this money will also be put towards vehicles beyond the new CUV and sedan. Scroll down for the full press release from Aston Martin. Related Video: ASTON MARTIN LAGONDA ISSUES GBP200 MILLION FUNDING FOR PRODUCT EXPANSION • Investindustrial and Tejara Capital led a further GBP200 million in investment capital in the form of preference shares • Enables production of DBX luxury crossover, building on range of iconic luxury sports cars • FY 2014 revenues of GBP468 million and adjusted EBITDA of GBP66 million announced 30 April 2015, Gaydon: Aston Martin Lagonda today announced that with the leadership of its major shareholders, it has arranged additional committed funding of GBP200 million, enabling the 102-year old luxury sports car manufacturer to develop significant new luxury models that will drive the future of the company under its strategic business plan. The additional capital investment comes in the form of GBP200 million of preference shares; GBP100 million of which were issued on 29 April 2015 with the remaining GBP100 million – already subscribed for - to be issued in the next twelve months, and will further expand the previously announced investment plan. This major investment in new luxury models is at the core of Aston Martin's strategic vision.

Aston Martin V12 Vantage teased again

The newest Aston Martin V12 Vantage cometh. Although we don't know when it comes and we don't know how many, we know what its front kind-of looks like, we know what it sounds like, and thanks to another Twitter tease, we've got a glimpse of the rear end. Starting with that front aspect in the clouded image above, there will be an oversized grille like that on the Vantage F1 Edition with flanking intakes and a front lip spoiler. That lip will be aerodynamically entangled with some downforce-generating devices in back. The shaky-cam video tweet reveals a high wing with what look like serious endplates, and a double diffuser that would create additional ground-hugging suction over the standard car's diffuser. If the prototypes spotted at the Nurburgring can be trusted, a central exhaust will replace the tips normally existing under the diffuser wings. Do not go gentle into that good night.#AstonMartin #V12Vantage #NeverLeaveQuietly — Aston Martin (@astonmartin) December 21, 2021 The two previous V12 Vantages, parked behind the coming model in the photo above, have all been hardcore. This one, clearly, will go several leaps deeper into brutal territory. Considering CEO Tobias Moers' time heading AMG, this feels like the company skipping a predictable V12 Vantage and going straight to a V12 Vantage Black Series. This being the third teaser this month for what will become the flagship Vantage in the range, we get the feeling a reveal won't be more than a few weeks away. Rumors and whispers say we can expect the 5.5-liter twin-turbo V12 to produce somewhere around 670 horsepower, which would be 20 ponies down on the same engine in the Vantage-based Aston Martin Speedster unveiled last year, 40 ponies above the DB11 with the V12. The Supercar Blog heard that all the body panels will be carbon fiber, and that there will be just 299 examples built, all using an eight-speed automatic transmission. Moers has said he plans 10 derivatives of existing models by 2023, the V12 Vantage's tagline "Never Leave Quietly" leading us to believe this car will start the crescendo that announces the V12's exit. The next Vantage and DB11 will go all-electric, the automaker pledging all its road cars will be battery-electric by 2030, with ICE builds reserved for track purposes.

Lotus and Aston Martin to hook up?

This has been a tumultuous year for Lotus - to say the least - from the company being sold off back in January to its CEO Dany Bahar being fired in June to its questionable financial status and rumors of the British automaker being sold off to another automaker. First, we heard that Volkswagen was interested in acquiring Lotus and parent company Proton, a rumor that was later dismissed. Now Automobile is reporting that fellow Brit Aston Martin could be in the market to work with or possibly even merge with Lotus.
While this is pure speculation at this point, such a venture could prove to be beneficial for both independent companies. That's because with Lotus focused on lightweight, relatively affordable sports cars and Aston Martin producing high-end performance cars, there is virtually no product overlap between the companies. The article suggests that a person or company wanting to merge these two automakers would have to raise between $1.1 billion and $1.6 billion in order to make a go of it, however.
We're not sure what to think of this latest rumor, but anything that can help get the struggling brand back to health at least has our interest.