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Aston Martin losses shrink, still amount to nearly $10k per car

Aston Martin's current lineup may be the best it's ever been, but that doesn't mean the automaker is making money off its Vantage, DB9, Vanquish and Rapide dream machines. In fact, the company lost $41 million in 2013, but that pretax figure is actually a third lower than in 2012. Revenue was up a promising 12.6 percent, according to Reuters. The Kuwaiti-owned British manufacturer blames its losses on the still troubled global economy, acknowledging that it's seen a small recovery in the ultra-high-end segment of the market. Global sales were up from 3,800 to 4,200 in 2013. To put it all in perspective, $41 million in losses on 4,200 units works out to around $9,700 lost per vehicle sold. That's no way to run a railroad. While the company's CFO, Hanno Kirner, told Reuters the company is hoping for a big bounceback by 2016, Aston's fortunes in the United States remain uncertain due to a new federal side-impact standards. The company has filed for exemption, although the jury is still out on the success of that petition.

Aston Martin names new CFO

Aston Martin is on the verge of a resurgence, instituting (among a great many other things) new top leadership, and that includes a new chief financial officer. Mark Wilson comes to Gaydon with a wealth of experience at British sports car manufacturers, having previously worked for Lotus and McLaren. His most recent posting, however, was as CFO and COO at renewable energy insurer G-Cube Underwriting. He'll take up his new job as Chief Financial Officer (and his place on the executive board) at Aston Martin on June 8, reporting directly to Andy Palmer, who in turn took up his job as CEO just this past September. Considering Aston was recently injected with an influx of cash, hiring a new money man was probably prudent. But hiring new top personnel, of course, isn't the only change Aston is making. It's got a new platform in the works, a new engine under development with Mercedes-AMG and a raft of new projects in the pipeline. That includes the replacement of every one of its models by the end of the decade and the addition of as many as three new model lines – particularly the DBX crossover that could be the first new Aston built in America. ASTON MARTIN NAMES MARK WILSON AS NEW CHIEF FINANCIAL OFFICER 14 May 2015, Gaydon: Aston Martin today announces the appointment of Mark Wilson as Chief Financial Officer. Joining the business on Monday 8 June, Wilson, will report directly to Aston Martin CEO Dr Andy Palmer and take a place on the Executive Board at the company's global HQ in Gaydon, Warwickshire. With a strong track record of senior automotive experience already accrued with McLaren Automotive and Lotus Cars Ltd, Wilson joins the luxury British sports car maker from renewable energy insurer G-Cube Underwriting where he held the post of Chief Financial and Operating Officer. Welcoming Wilson to the team, Dr Palmer said: "Mark joins us at what is, undeniably, an extremely exciting time for Aston Martin. We are currently implementing the largest investment plan in our history which will see a total remake of our product portfolio. By the end of the decade, not only will our current line-up have been replaced entirely, we will have added up to three extra model lines and entered new market segments.

2015 Aston Martin V12 Vantage S Roadster

Aston Martin previewed its most powerful, quickest-accelerating and fastest production roadster ever at this year's Pebble Beach Concours. The 2015 V12 Vantage S Roadster is essentially a convertible version of the V12 Vantage S Coupe, which we reviewed last year, a model that drops the automaker's most potent powertrain into its smallest chassis. Unlike the outgoing V12 Vantage Roadster, this new S model boasts a more powerful engine, a new transmission, new adaptive suspension and more luxurious appointments along with freshened styling. While last year's beloved six-speed manual gearbox is gone – a thought that continues to bring tears to our eyes – everything else about the updated roadster piques our interest. We recently spent a full day in the mountains and deserts surrounding Palm Springs with a China Grey (with red carbon fiber accents) version of the British automaker's latest. Driving Notes Mirroring its coupe sibling, the Vantage S Roadster features an all-aluminum monocoque platform with lightweight aluminum body panels. To replace stiffness lost when the roof was removed, a rigid cross member has been added to the open platform. The Roadster's power-operated soft top is fully automatic in operation, opening and closing in about 20 seconds at speeds upwards of 30 miles per hour with the touch of a switch. When tucked away, the entire assembly is hidden cleanly beneath an integrated hard tonneau cover. So as not to be mistaken for its predecessor, Aston Martin has upgraded the model's signature grille from aluminum to carbon fiber with black or titanium silver mesh, with or without body-color accents. The lightweight, forged aluminum, 10-spoke alloys are also new, as is the obvious scripted red "S" on the trunklid. Inside, occupants will find additional grippy Alcantara on the seats and new patterns in the stitching. There are also a slew of upscale options and access to Aston Martin's bespoke Q treatment available. Aston's famed, naturally aspirated, 6.0-liter V12 has been upgraded with a larger throttle body, dual variable valve timing, a revised intake manifold, an improved fuel pump and fully machined combustion chambers. Combined, the improvements are enough to warrant a new AM28 engine designation. On a dyno, the engine cranks out 565 horsepower and 457 pound-feet of torque.