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Aston Martin DB11 Volante loses its roof and four cylinders

Aston Martin hasn't exactly hid the fact that it had a convertible version of the DB11 in the works. In fact it plastered the official release date on the sides of the prototypes. And now, roughly half a year before the Spring 2018 release date, the company has shown the car and provided all the specs. Right off the bat, it's clear the DB11 Volante hasn't lost any of its beauty in the chop job. Overall, it looks just as scintillatingly curvy as the coupe, and it manages to avoid looking too heavy and thick, regardless of whether the top is up or down. The top itself is rather pretty, with a taut shape and thin pillars helping maintain the DB11's lithe look. It can also be had in red, black-silver, or gray-silver, and is made up of eight layers for sound reduction. Losing the top also provides a great look at the optional seat back veneers, available in carbon fiber or, as in the photos above, in wood. In addition to looking attractive, the DB11 Volante has a number of performance advantages over its DB9 predecessor. According to Aston, it weighs 57 pounds less than the DB9, and it's 5 percent stiffer. Its top also takes up less trunk space. Unfortunately, the DB11 Volante's 4,134 pound curb weight is significantly more than the DB11 V8 coupe, which weighs around 3,800 pounds. It also roughly matches the V12 DB11 coupe. The comparison to the V8 model is important because the DB11 Volante will only offer the V8 engine. It's the same AMG-based unit from the coupe, displacing 4.0-liters and breathing through a pair of turbochargers. It's also coupled to 8-speed automatic and features a torque-vectoring limited slip differential. Despite the added heft over the coupe, the 503-horsepower engine still gets the DB11 Volante to 62 mph in 4.1 seconds, which is only a tenth behind the V8 coupe. It also will reach a top speed of 187 mph. The DB11 Volante will start at $216,495. That's $17,500 more than the V8 coupe, and the same price as the V12 coupe. Aston Martin is currently taking orders for the DB11 Volante. The first examples will be delivered in spring of 2018. Related Video:

Aston Martin CFO departs as stock hits a record low, losses deepen

LONDON — Aston Martin shares slumped to a record low on Thursday after the British luxury carmaker said its losses ballooned last year and its chief financial officer would leave by the end of April. The firm, famed for being fictional agent James Bond's car of choice, posted a pretax loss of 104 million pounds ($135 million) last year compared with 68 million pounds in 2018 following a 9% decline in sales to dealers. Aston Martin is in the midst of restructuring after announcing last month that a consortium led by Canadian billionaire Lawrence Stroll would buy up to 20% of the company and existing shareholders would inject more cash. Its shares, which were listed in October 2018, have been on a steady downward trajectory ever since and hit a record low of 328 pence following the announcements on Thursday, more than 80% lower than their flotation price. "The big difference between last year and this year is the strength of the balance sheet," Chief Executive Andy Palmer told Reuters. "We're in a very different place and have therefore an ability to properly ... destock and that means get the balance right between supply and demand." Chief Finance Officer Mark Wilson will step down from his role no later than April 30 but had not been fired, said Palmer. Coronavirus impact China, Aston's fastest growing market, was a rare bright spot last year with sales rising 28% but the company, like the rest of the industry, has seen demand drop due to the coronavirus outbreak. The virus has infected more than 80,000 people and killed about 2,800, the majority in China, confining millions to their homes, disrupting businesses and delaying the reopening of factories after the extended Lunar New Year holiday break. Aston has seen disruption to the arrival of certain parts but said it had not had to stop production at its factories, with components secured until at least the end of March because it has no direct suppliers in China. "Since almost the first weeks of the New Year we've had issues with those Tier 2 and Tier 3 (suppliers) which have meant that our supply chain guys have had to be on it constantly," said Palmer. "We're ironically benefitting from the fact that we built up a Brexit stock," he said, in a reference to extra components the firm held in case Britain's departure from the European Union led to additional delays in the movement of goods.

Aston Martin sold its old Vanquish tooling, but to whom?

Where do car models go when they become old? In some cases, they go to developing markets to be reborn again: Nissan built the Sentra in Mexico for ages, and old Peugeot saloons have been made in Iran for decades. Sometimes a separate company buys the tooling, which has been the case for Saab, for instance: the 9-3 and 9-5 sedans found a new life in China, albeit with new sheetmetal. These scenarios usually play out with passenger cars and trucks, and more rarely with sports cars. But for the Aston Martin Vanquish, there might be plans afoot. Aston Martin was revealed to have sold the second-generation Vanquish tooling and design drawings in June, for around $26 million. Aston didn't disclose the name of the buyer, so speculation quickly rose. Who wants to start building the V12 range-topper originally launched in 2012? Automotive News suggests the buyer could be a boutique European tuner such as Mansory, who would expand from converting cars into having bespoke products of its own. Jalopnik mentions Zagato, who has already partnered with Aston Martin and helped create the exclusive Zagato Vanquish. Whoever the buyer turns out to be, they will get 18 months of assistance from Aston Martin Consulting, as dictated in the deal. An interesting development would be if the Vanquish would be recreated as an electric supercar, if the anonymous buyer chooses not to fit their creations with Aston's V12 engines. Still, Aston won't be the first British sportscar maker to sell its tooling to another company: surely everybody remembers the time the front-wheel-drive Lotus Elan reappeared in Korea, as the Kia Elan/Vigato? Related Video: