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Aston Martin owners rev up for possible sale or stock IPO

LONDON — Aston Martin's owners have hired financial advisory firm Lazard to prepare for a stock market listing or sale of the British sports car maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters. Italian private equity fund Investindustrial and a group of Kuwaiti investors, who together own more than 90 percent of the marque, are hoping to cash in on a recovery in sales and are in the initial stages of a strategic review. They have hired investment bank Lazard to work on a preliminary plan and could either opt for an initial public offering (IPO) in the third or fourth quarter of 2018 or a trade sale, two of the sources said on Friday. A deal could value the maker of the sports car driven by Britain's Prince William on his wedding day at between 2 billion and 3 billion pounds ($4 billion), one of the sources said, adding a listing was the most likely option. However, no final decision had been taken and the investors could decide to retain control, the sources added. Investindustrial declined to comment while Aston Martin and Lazard did not return requests for comment. Adeem Investment, one of the Kuwaiti investors, was not immediately available. If successful, a float of Aston Martin would be a milestone deal for the 104-year-old car manufacturer and would follow the IPO of Italian sportscar maker Ferrari which made its Wall Street debut in 2015 amid strong investor demand. Investindustrial, led by founder Andrea Bonomi, bought 37.5 percent of Aston Martin in 2012 in what was the fund's best-known investment in Britain. The fund, which has clinched a number of Southern European investments since its launch in 1990, is Aston Martin's single biggest investor and is driving the plans, the sources said. Beside Lazard, other investment banks have approached the private equity fund in recent weeks offering advice ahead of a possible IPO, another source said. Yet no other mandates will be awarded this year for the Gaydon-based firm, which is in the midst of a turnaround plan that aims to restore the business to profitability following six years of losses. Aston Martin, which recently unveiled its new Vantage model, is on course to post its first annual pre-tax profit since 2010 as strong demand for the luxury automaker's DB11 sports car boosts its performance.

Aston Martin DB11 AMR gets more power and carbon fiber

Aston Martin has pulled the wraps off the DB11 AMR, and the fact that it's just what we expected it'd be shouldn't diminish the impact of this ultimate (for now) DB11. But, if you're not down with AMR, a quick backgrounder for you: Early last year, Aston launched the Vantage AMR Pro and the Rapide AMR, the first salvos in a full broadside of AMR models that will encompass the entire range. There are two AMR subdivisions — AMR is handled by Aston's main design and engineering teams, while the Pros are handled by the Advanced Operations department. History aside, the DB11 sports a 30 horsepower bump, up to 630 horsepower. Previous AMR models made power bumps with new exhaust systems, and given the DB11 AMR's exhaust revisions, we wouldn't be surprised if some of the power increase came from the exhaust side of things. More to the point, the twin-turbocharged 5.2-liter V12 now scoots the DB11 AMR to 60 mph in just 3.5 seconds, and top speed is increased to 208 MPH. Unspecified suspension and chassis changes are claimed to deliver "a greater sense of connection without harming the supple ride," Aston claims, and we've no reason to doubt it. A new transmission calibration rounds out the dynamic changes. On the visual side of things, there's much more exposed carbon fiber and a smattering of gloss black detailing, smoked tail lamps, and dark, monotone leather/Alcantara draped throughout the interior. It's darker, a bit harder-edged, and sportier, but very much in the vein of Aston's careful balancing act between conveying athleticism visually while maintaining a degree of traditional British comfort and decadence. The eye-popping, dayglo accents on some color combinations seem more Nike shoe than grand tourer, but that's AMR's thing. The U.S. MSRP will be $241,000, and the cars will be delivered to owners in summer 2018. The extremely limited edition Designer Specification cars, offered in Stirling Green with lime accents, will be limited to 100 units globally and are $29,000 more. If you want one of those, you should probably get on the horn with your Aston dealer right now. Related Video:

This guy bought a 1971 Aston Martin DBS instead of a house

The right classic car can make its dedicated owner do seemingly crazy things to non-enthusiasts, but Michael von Trzebiatowski goes to serious lengths for his 1971 Aston Martin DBS V8 in the latest episode of Petrolicious. Faced with a choice between a house or this classic coupe, von Trzebiatowski did the only rational thing. He bought the Aston Martin. It took von Trzebiatowski a decade to find his DBS, and even then affording it was a stretch. The coupe first attracted him as a kid after seeing Roger Moore driving one on TV, but the car's understated design lured him as an adult. "It's a bit portly, good-natured, and robust," he says to describe this British V8 grand tourer. Von Trzebiatowski once worried that his connection to the Aston Martin could have faded over time, and he might eventually have regretted the big purchase. That hasn't happened, thankfully. We'll let him explain why on Petrolicious. News Source: Petrolicious via YouTube Design/Style Aston Martin Coupe Performance Classics Videos petrolicious