03 Aston Martin Vanquish 2+2 One Owner-low Miles! on 2040-cars

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Aston Martin doubles sales in third quarter

LONDON — Aston Martin said on Thursday it had sold 1,349 cars to dealers in its third quarter, up 104%, driven by demand for the luxury automaker's first sport utility vehicle, the DBX. The brand, which posted a 97.9 million pound ($134 million) pre-tax loss between July and September, said it expected to deliver its first steps towards improved profitability this year as it undergoes a transformation plan. Fictional agent James Bond's carmaker of choice had a tough time after floating in 2018, as it burnt through cash, prompting it to bring in fresh investment and a new strategy from billionaire Executive Chairman Lawrence Stroll. It maintained on Thursday its guidance of full-year sales of around 6,000 cars as it scales up production of its Valkyrie model with deliveries beginning this quarter. "Through the first nine months of this year we have successfully built on the foundations we put in place for the company's success in 2020," said Stroll. "Not only do we have low dealer inventory, but it is also healthy and fresh — a testament to our shift to ultra-luxury positioning." Related video:

Aston Martin DB9 successor makes one sexy mule

It's been a dozen years since Aston Martin first introduced the DB9 to the world, and while it has undergone numerous revisions and updates over the course of its lifetime, twelve years is a long time. Fortunately the British automaker is preparing to launch a new version, and that's just what our shooters in Eiffel have spotted running around the Nurburgring. Now it's hard to tell much from these spy shots, because the prototype they depict is mostly wearing the bodywork of the existing DB9. So all the interesting stuff is happening beneath the skin. But it does appear that the front end is wider, giving the next-generation model – whatever it will ultimately be called – a wider front track and more room in the engine bay. Those who've been following the news will know that Aston has signed a deal with Mercedes-AMG that will see the German automaker's performance division supply it with a new powerplant, but that's not expected to be ready for the DB9 successor's arrival. Look for it to pop up in production guise sometime next year, then, with an evolution of Gaydon's long-serving and ubiquitous 6.0-liter V12 engine that's already developing 592 horsepower in the Vantage GT3... excuse us, Porsche: "GT12." Related Video:

Weekly Recap: Marchionne's Manifesto again calls for industry consolidation

Sergio Marchionne isn't taking no for an answer. Despite public rebuffs from General Motors and Ford, the leader of Fiat Chrysler Automobiles continues to push for consolidation within the auto industry. His latest assertion came Wednesday when he said a combination of FCA with another automaker could net savings of $5 billion or more annually. No, this isn't about selling his company, he claimed, it's about cutting costs. Put simply, the auto industry wastes money, Marchionne said during FCA's earnings conference call. Companies invest billions to develop basic components that all cars use, but many consumers don't care how they work or recognize the differences. "About half of this is really relevant in terms of positioning the car in the marketplace," he said. "The other half, in our view, is stuff which is neither visible to the consumer nor is it relevant to the consumer." In 2014, top automakers spent more than $100 million on product development, FCA estimated. Marchionne said consolidation could save up to $1 billion on powertrains alone, noting that almost every automaker offers four- and six-cylinder engines. Not everyone has to make their own, he contended. "The consumer could not give a flying leap whose engines we are using because they are irrelevant to the buying decision." That's pretty provocative for enthusiasts, but less so for average consumers. Still, there are major differences in power and efficiency ratings, even among similar engines. Skeptics could argue consolidation would also weaken competition and reduce choices for car buyers. Marchionne stressed his presentation, curiously entitled Confessions of a Capital Junkie, wouldn't require closing factories or dealerships. It's not his final "big deal" as CEO, intent to sell FCA, or a way to elevate his company up the automotive food chain. He claims he wants to fundamentally change the industry and its habit for burning cash. "The horrible part about this, and the thing that I find most offensive, is that the capital consumption rate is duplicative," he said. "It doesn't deliver real value to the consumer and it is in its purest form, economic waste." Other News & Notes Ford Profits dip in first quarter Ford profits fell $65 million to $924 million in the first quarter, hampered by slight dips in revenue and sales.