2009 Aston Martin Vantage Roadster on 2040-cars

Auto blog

2020 Aston Martin DBS GT Zagato revealed with 'fluttering' grille, no rear window

The 2020 Aston Martin DBS GT Zagato has finally been revealed in new renderings of the production vehicle from the British sports car builder. This is the car that's only being sold in pairs with the continuation DB4 GT Zagato, and only 19 pairs of the two models will be built. It also looks a whole lot like its predecessor, the Vanquish Zagato. It has the rocket booster taillights, exaggerated rear fenders, double-bubble roof and enormous front grille, but there are differences, some of which are particularly unique. Take the front grille, for example: Besides lacking the dual round fog lights of the Vanquish example, the DBS grille is active. According to Aston Martin, the grille is made up of 108 individual pieces of carbon fiber, and when the car is shut off, they all move to make the grille solid and flush with the body. Then when the car fires up, they all move to allow air through. The company describes it as the car appearing to "flutter" to life. Then there's the roof, which is one piece of carbon fiber that stretches from the windshield to the edge of the trunk lid. It's a gorgeous piece that adds a two-tone look and highlights the double-bubble design. It also lacks any molded-in louvers to allow rear visibility. To get around that, Aston Martin has added a rear-view camera that displays images in a screen where the mirror would go, just like GM's mirror screen. Those are the most unique design tweaks, but there are more subtle ones, too. The whole car looks lower and longer than the Vanquish, in part thanks to the DBS' leaner body. The side vents are longer. The rear taillights are smaller and incorporated into a black finish panel. There also aren't deep side skirts. Instead, the rocker panels are rounded and tucked in like on a '60s sports car. Final specifications for the DBS GT Zagato are still unclear, but the company has said that the car will be based on the DBS Superleggera. That means it will have a twin-turbo 5.2-liter V12 making at least 715 horsepower and 664 pound-feet of torque. That's significantly more than the Vanquish Zagato's 576 horsepower. Production begins in 2020, and pricing for this and its DB4 continuation partner is $7.9 million.

Aston Martin to raise funds for new models including CUV, hybrid

Aston Martin CEO Andy Palmer named three leads for new vehicle programs when he took the reins, now the company is looking for the money to give those leads something to do. Reuters reports that the Gaydon firm is considering debt or equity financing to raise 100 to 150 million pounds ($156M to $234M US) in funding for "an expansion from the current model range," according to an unnamed source. On top of that investment round, Aston Martin is overhauling its working capital streams to unlock more funds. As one of the industry's few remaining independent carmakers, the company has an intense five years ahead of it, working to revamp its current vehicles with a 500-million-pound investment, entering new segments to grow sales to roughly 10,000 units annually from 4,200 cars in 2013, and pay down hundreds of millions of pounds in current debt. The big high notes observers will be looking for over the next few years are the successor to the DB9, pegged for 2016, profitability predicted in 2017, a huge debt note due in 2018, and the formal end of the recovery period in 2020. Our own eyes will be locked on the DB10 in Spectre, naturally, and the Lagonda-honoring Taraf in other markets, hopefully. At least one of the new vehicles is expected to be a crossover, a segment Aston seemingly cannot ignore now that Bentley and Rolls-Royce are committed to making plays there. However, Reuters says an official announcement of what we can expect won't come until the 2015 Geneva Motor Show. Among the other models said to be up for funding? Sedans (perhaps including a Rapide replacement?) and an unspecified hybrid.

Bond, junk bond? Aston Martin financial ratings go south as it awaits DBX

Ratings agencies Standard & Poor's and Moody's have taken a dim view of Aston Martin Lagonda. S&P cut its credit rating on the storied carmaker deeper into junk territory this week, and Moody's revised its credit outlook to "negative" after the company raised $150 million in debt from a bond issue at 12% interest, with the option to raise another $100 million at 15%. The Standard & Poor's rating was trimmed by one notch to 'CCC+', which reflects substantial risks and takes it close to default territory after a faster-than-expected cash burn this year. The outlook is negative.  The negative outlook reflects ongoing pressure on profits, a high cash burn, and very high leverage in the face of heightened risks linked to a potential no-deal Brexit and new tariffs on car imports threatened by the United States. The potential salvation for the company is its new DBX luxury SUV, the success of which is critical to its ambitious growth strategy and ongoing creditworthiness, S&P said. But Moody's noted that it's burning cash at a high rate as it nears the launch of the DBX. The British carmaker, known as James Bond's favorite marque, has been hit by falling demand in Europe, the Middle East and Africa. It slumped to a first-half loss in July. Chief Executive Andy Palmer said concerns around Brexit and U.S.-China trade relations were skewing the outlook to the downside, so it was prudent to address investor concerns about its balance sheet. "Taking this debt on — short-term debt — is we think the correct tool to completely remove that thesis that we don't have sufficient liquidity," he told Reuters. "In every substantial and material way, this ensures that we can get through to DBX in spite of what all of those global uncertainties might throw at us." The main tranche comprises notes with an interest rate of 12% due in 2022, while the additional notes could be issued under the same terms if permitted, or could be issued as unsecured notes with an interest rate of 15%, Aston Martin said. Shares of stock in the company, which have had a precipitous fall since they listed in London in October 2018 at 19 pounds, were trading down 5% at 545 pence in early deals. Broker AJ Bell said Aston Martin was known for its high end prices and that situation now also applied to its debt. "These rates are very high and are a major red flag that investors consider the car company to be a high risk entity," it said.