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Aston Martin confirms DB11 name for sports car coming in 2016

A new Aston Martin is on the way in 2016, but for right now we only officially know its name. The British sports car maker is finally confirming that it's next model goes by the moniker DB11. That seriously suggests the upcoming vehicle to be a replacement for the DB9. While Aston Martin isn't divulging any technical details, the DB11 is meant to be the first big step in the brand's "Second Century Plan" that aims to overhaul its product lineup. "Not only is it a sign of our intention to continue the long line of iconic sports cars that bear the 'DB' moniker – the very bloodline of our brand – but it also shows the world our ambitious plan in action," company CEO Andy Palmer said in a statement. A vehicle believed to the DB11 has been spotted testing several times this year, but it has largely remained a mystery thanks to heavy camouflage. Spy shots showed the interior with pieces from Mercedes-Benz, and some rumors have also suggested that it might be offered both with a V12 and Mercedes' 4.0-liter twin-turbo V8. The styling might take some of the swoopy look from James Bond's DB10 from the upcoming film Spectre, but we'll just have to wait and see. Related Video: ASTON MARTIN ANNOUNCES DB11 NAMEPLATE 15 September 2015, Gaydon, England: Aston Martin is today confirming DB11 as the name of its forthcoming sports car. The new model – to be unveiled during 2016 – will sit at the heart of the luxury British brand's range and represents the first major product of the company's bold Second Century Plan. While all technical and design details will be announced in due course, the confirmation of the name – which follows in the footsteps of other iconic Aston Martin sports cars such as the DB5 and DB9 – signals the start of an exciting period of dynamic product development by the company. Announcing the DB11, Aston Martin CEO Dr Andy Palmer said: "Today I am proud and pleased to confirm that the DB11 nameplate will sit on our next new car. "Not only is it a sign of our intention to continue the long line of iconic sports cars that bear the 'DB' moniker – the very bloodline of our brand – but it also shows the world our ambitious plan in action. "The coming years will see Aston Martin transform not only its entire range of models but also its scale and global presence, and the new DB11 will be central to that success." - ENDS -

Aston Martin to cut up to 500 jobs to reduce costs

LONDON — British luxury carmaker Aston Martin plans to shed up to 500 jobs as it seeks to bring its cost base into line with reduced sports car production levels, it said on Thursday. The job cuts come just days after Aston Martin's second-largest investor reduced its stake in the company, and a week after it confirmed that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer. The 107-year old firm said the job losses reflected lower than originally planned production volumes and improved productivity across the business. An employee and trade union consultation process will be launched in the coming days. Aston Martin, famed for being fictional secret agent James Bond's car of choice, has seen its share price plummet since floating in October 2018. Last month it posted a deep first-quarter loss after sales dropped by almost a third due to the impact of the novel coronavirus outbreak. "The measures announced today will right-size the organizational structure and bring the cost base into line with reduced sports car production levels, consistent with restoring profitability," it said. It said its first sports utility vehicle (SUV), the DBX, which is key to boost volumes and appeal to new buyers including more women, remains on track for deliveries in the summer and has a strong order book. Aston Martin is also reducing costs and removing non-critical expenditure in other areas, including contractor numbers, site footprint, marketing and travel. It said the restructuring is expected to deliver total annual savings of about 38 million pounds ($47.6 million). Restructuring costs are expected to be about 12 million pounds. Shares in Aston Martin, down 78% over the last year, closed Wednesday at 68.9 pence, valuing the business at 1.05 billion pounds.  

2022 Aston Martin Vanquish to offer a manual transmission

The retail versions of the Aston Martin Valkyrie and Valhalla remain a ways off, but carmaker CEO Andy Palmer but has given us something to look forward to beyond the flagship hypercar and its baby brother. Palmer told Australian outlet Car Sales that the Vanquish would be offered with a manual transmission. The pledge fulfills Palmer's previous statement "that I want to be the last manufacturer in the world to offer manual sports cars, and I want to honor that commitment." There's at least one potential caveat with this: The seven-speed dogleg manual transmission recently released for the Vantage AMR forced a reduction in power numbers. The gearbox, developed with transmission maker Graziano to work with the Mercedes-AMG-sourced 4.0-liter twin-turbo V8, cut torque to 461 pound-feet compared to 505 lb-ft in the automatic-equipped coupe. The detune added 0.3 seconds to the 0-60 mph time, but we're confident buyers were happy with the compromise and tech bits that allowed full-throttle upshifts and rev-matching downshifts. The Vanquish will use an electrified, twin-turbocharged, 3.0-liter six-cylinder developed in-house at Aston Martin. Even so, with a lot more power and torque expected in order for the Vanquish to stand above the Vantage and battle the Ferrari F8 Tributo, McLaren 720 S, and Lamborghini Huracan, buyers could again face abridged output. Aston Martin hasn't said a word about figures, but the F8 and 720 S already crest 700 hp and bring 568 lb-ft. The Valhalla, which will use the same engine as the Vanquish but is predicted to pack around 1,000 hp, will forgo the manual. Palmer told Car Sales, "that car will only come with a paddleshift transmission." As with the Ferrari, but unlike the McLaren and the Lamborghini, the Vanquish gets a bonded aluminum tub instead of carbon. Aston Martin designed carbon tubs for the Valkyrie and Valhalla for "owners happy to sacrifice comfort for ultimate speed." Palmer explained the Vanquish's intended daily-driver usability drove the choice for aluminum, which permits a lower, narrower sill for easier ingress and egress. Having two architectures is more expensive for the small company, but Palmer explained, "Unlike McLaren we're not trying to stretch the same assets over and over again. Our approach is ... hopefully ...