2007 Aston Martin V8 Vantage Base Hatchback 2-door 4.3l on 2040-cars

Auto blog

Aston Martin shares plunge to new low following half-year loss

LONDON — Shares in Aston Martin plunged 17% to a post-flotation low on Wednesday after the luxury British carmaker slumped to a half-year loss, the latest automotive firm to be hit by falling demand in Europe. Aston Martin, best known as James Bond's favorite marque, has been undergoing a turnaround plan since Chief Executive Andy Palmer took over in 2014, designed to renew and boost its model line-up and move into new segments. The plan led to an autumn 2018 stock market flotation. But its shares have since fallen by around three quarters from their 19 pounds float price to below 5 pounds, hit most recently by the group's weak performance in Europe, the Middle East and Africa, where half-year demand fell by nearly a fifth. The group posted a pretax loss of 78.8 million pounds in the six months through June from a 20.8 million pound profit in the first half of 2018. Its shares were down 17% at 4.71 pounds by 0748 GMT. "We are disappointed that our projections for wholesales have fallen short or our original targets, impacted by weakness in two of our key markets as well as continued macro-economic uncertainty," Palmer said. Overall wholesale demand grew by 6% in the first six months as the group posted strong increases in the Americas and Asia, but a decline in Britain and the rest of the continent prompted the carmaker to cut its full-year forecast. Aston has also been hit by expansion costs as it builds a new factory in Wales to make its first sport utility vehicle, and a lower average selling price. The company said that if it requires some additional financing it would pursue the funds from sources such as the debt markets. The global car industry has been hit by weakening demand in China and a drop in demand for diesel vehicles in Europe, as well as the cost of electrification. Nissan reported plunging profits last week and said it would undertake its biggest restructuring plan in a decade, axing nearly a tenth of its workforce. But 106-year old Aston also faces the risk of a disorderly Brexit disrupting its wholly British production, as delays at ports due to new bureaucracy could slow down the movement of vehicles and components. "We do not want a no-deal Brexit because of the disruption that causes to issues at the border," said Palmer.

Bonham's will auction Paul McCartney's old Aston Martin DB5

At the company's Bond Street, London auction, Bonham's will offer a 1964 Aston Martin DB5 that is possibly one the most British cars around. Not only is it an example of a classic British sports car known for being driven by James Bond, this exact car was purchased new by Sir Paul McCartney. And as an added bonus, it was also previously owned by former Top Gear host Chris Evans. According to Bonham's, McCartney ordered the car after The Beatles appeared on the Ed Sullivan Show and after finishing the Hard Day's Night movie. It was originally finished in blue with a black leather interior, which you can see here. It came with a couple of nice touches for a musician, as well. It had a Philips Auto-Mignon automotive record player installed, one of which remains with the car. The auction company also mentions a rumor that the leather had stitched-in musical notes. McCartney kept the car for about six years after buying it in 1964, and he seemed to have driven it a fair bit. When the clutch was replaced in 1970, the odometer read a bit over 40,000 miles, which is impressive considering how much traveling McCartney was surely doing with The Beatles. The car changed hands a number of times in subsequent years. In 2002, it was restored and once again finished in blue with a black interior. It wasn't until its second restoration that started around 2012 and 2013 that the color scheme changed to silver with a dark red interior. That restoration wrapped up this year and included updates to the engine that increased displacement from 4.0 liters to 4.2 liters and upped compression. The results are an engine that jumped from 282 horsepower to 315 horsepower and from 280 pound-feet of torque to 305. The car will be auctioned on December 2 at the Bond Street auction in London. Bonham's predicts the car will go for between $1.6 million and $2 million. Interestingly, that's only a little above Hagerty Insurance's estimate of $1.4 million for a concours-quality DB5. It's also substantially more than the roughly $500,000 this exact car sold for back in 2012. Related Video: Featured Gallery 1964 Aston Martin DB5 owned by Paul McCartney View 13 Photos Image Credit: Bonhams Aston Martin Auctions Coupe Classics bonhams chris evans aston martin db5

Aston Martin working on an inline-six to replace Mercedes-sourced V8?

There's no straight line to figuring out whether Aston Martin plans a straight-six motor for future products. In March, comments by the automaker's chief engineer for vehicle attributes, Matt Becker, led many to believe the British firm could use the Mercedes-AMG 3.0-liter hybridized inline-six from the new CLS53. A week later, Becker said his comments had been misconstrued, that he "was speaking in more general terms that we might have to one day look at downsizing engines." Autocar just threw a new curve, citing "a source close to the firm" to report that Aston Martin's working on its own straight-six. The English outlet says the deal Aston Martin signed with Mercedes-AMG was a stopgap deal while Aston Martin worked on proprietary engines. The report says the inline-six developed in Gaydon would eventually replace the 4.0-liter twin-turbo V8 currently powering the DB11 and Vantage. If this purported inline-six were augmented with electrification, perhaps developed with help from the electric Rapid E program, it could make more sense of Becker's first, misconstrued comments. At the time, Becker said the Mercedes hybridized engine "could fit with the brand in the future." Taken generally, he could have meant an Aston Martin version of the German engine. The certainty is that there's a six-cylinder coming for larger-volume series production models, yet the reports and denials put competing rumors and powerplants in play. Aston Martin installs a 5.2-liter V12 in the DBS Superleggera, and Autocar suspects an inline-six could be derived from that engine. The automaker already has a six-cylinder in development, though, that being the turbocharged hybrid V6 said to be headed to the Ferrari- and McLaren-fighting Valhalla. Creating two new six-cylinder engines in different formats seems an odd choice for a tiny manufacturer. What about the rumors that say the DBX crossover could get a six-cylinder? In July, when Motoring asked chief creative officer Marek Reichman about it, he said the DBX "could [use a Mercedes-sourced six-cylinder], because that would be a pretty good engine and combination. Potentially." Autocar suggests, however, that the DBX will be first in line for the in-house inline engine. Aston Martin has a storied history with the inline-six, all of them with links to other automakers. The legendary inline-six in the original DB cars of the mid-20th century were originally drawn up by Walter Owen Bentley - yes, that W.O.