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Aston Martin close to IPO on the London Stock Exchange

According to a report from Sky News, Aston Martin is close to announcing plans to go public with an IPO on the London Stock Exchange. A listing on the New York Stock Exchange has also reportedly been considered. In December of last year, news broke that the company's owners had hired financial advisory firm Lazard to prepare for a potential offering. The report suggests that the British automaker is looking at an offering of $1.29 billion (GBP1 billion) in shares and an overall company valuation of around $6.44 billion (GBP5 billion). An Intention To Float statement could be filed as early as next week, says Sky. Last year was good for Aston Martin, with a total of 5,117 vehicles sold globally, a 58 percent jump from 2016. The company reported pre-tax profits of nearly $112 million (GBP87 million) in 2017. And it is working on a flurry of new products such as the Valkyrie supercar, an upcoming SUV, the new DBS Superleggera (shown above), and even an ultra-exclusive, real-life James Bond gadget-laden DB5. As of right now, Aston Martin's largest investors are I taly's Investindustrial and Kuwait's Investment Dar. Daimler also holds a sizable stake. Aston said it had filed a registration document with Britain's Financial Conduct Authority, a requirement for firms considering an IPO, at a time when the likes of Tesla boss Elon Musk have slammed the additional pressures of being listed. Pending a final decision from the FCA, a prospectus will be published on or around Sept. 20 as the maker of sports cars that can cost hundreds of thousands of pounds hopes to tap into global demand from wealthy buyers who want a slice of the high-end brand. The carmaker hopes to complete the flotation this year, the same target that British Prime Minister Theresa May is working towards to agree a deal for leaving the European Union. Aston sells roughly 25 percent of its cars to the EU and operates its only plant in Gaydon, central England, with a second one due to begin operations in Wales in 2019. "We can demonstrate that Brexit is not a major effect for us," Chief Executive Andy Palmer told Reuters. "If there is a tariff into Europe, it's countered by a tariff into the UK for our competitors so you might lose a little bit of market share in the EU but you pick it up in the UK," he said. Niche carmakers such as Aston and McLaren are more concerned about customs checks than tariffs as they believe many of their buyers can absorb a price hike.

Aston Martin and Lotus each issue recalls

A pair of head-turning high performance cars are catching some attention off a different kind, in the form of safety recalls. Aston Martin and Lotus have issued recalls for the V12 Vantage Coupe and Evora, respectively.
Aston Martin's affects 169 examples of the 2009-2012 V12 Vantage Coupe. It concerns the tire-pressure monitoring system, and is less a malfunction than it is a compliance issue. The TPMS does not alert the driver until the front tire is more than 25 percent below the recommended cold tire pressure. Federal Motor Vehicle Safety Standard No. 138 states that the alarm must sound when tire pressure is "equal to or less than either the pressure 25 percent below" the recommended cold inflation pressure. To address the issue, Aston Martin will notify owners and reprogram the software, free of charge.
As for Lotus, 80 supercharged Evoras have been recalled, all built between February and September, 2011. The problem involves an engine-mounted oil feed pipe, which could rupture, causing loss of engine oil or a possible fire if the oil sprays onto a hot engine.

Aston Martin Vanquish Vision concept coming for Ferrari F8 Tributo and company

Aston Martin will restore the Vanquish name on a mid-engined supercar due in 2022, previewed by the Vanquish Vision concept. To be powered by a less potent version of the hybrid twin-turbo V6 powertrain also going in the Project 003, the Vanquish will challenge super-coupes like the Ferrari F8 Tributo, as well as the next-generation hybrid successors to the McLaren 720S and Lamborghini Huracan. The Vanquish will be the fourth mid-engined offering from the Gaydon maker, after the Valkyrie, Valkyrie AMR-Pro, and Project 003, but the first to go into series production. In spite of the fact that it shares clear lineage with the Valkyrie and Project 003, the Vanquish will make some key departures. The chassis will be fashioned from bonded aluminum instead of carbon fiber. The concept is said to be 85 percent of the final form, with only minor changes to come as Aston Martin learns its way around a mid-engined production car for the first time. The forms are fuller, with less of the negative space employed on the hypercars for a "more seductive and less technical appearance." Aggressive touches remain, however, as in the fat rear tire leering through a hefty gap between the bodywork and a serious diffuser. And check out those exhaust tips poking McLaren-style out of the bodywork. Codenamed AM9, the coming coupe departed from Aston Martin's own expectations in that it got smaller than originally envisioned. Palmer told Autocar, "One of the real learnings with Adrian Newey is obsession with weight and mass, and package size. Our designers are now pushing our engineers; cars were getting bigger but now we're heading smaller, with cars packaged around the engine. It's the reversal of a trend." Related Video: