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2011 Aston Martin S on 2040-cars

US $104,888.00
Year:2011 Mileage:7590
Location:

San Diego, California, United States

San Diego, California, United States
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Saudi wealth fund to become Aston Martin's second-largest shareholder

Fri, Jul 15 2022

Aston Martin's shares jumped 20% on Friday after the British luxury carmaker announced an capital raising that will see Saudi Arabia's Public Investment Fund (PIF) become its second-largest shareholder with an almost 17% stake. PIF's 78 million pound investment, together with a 575 million pound rights issue, will allow the 109-year-old company lower its debt and invest in new models. PIF will own a 16.7% stake in Aston Martin and will be entitled to two board seats, behind the 18.3% holding Chairman Lawrence Stroll's Yew Tree will have after the rights issue. The sovereign wealth fund, which owns stakes in electric carmaker Lucid Motors and British supercar group McLaren has been diversifying its oil-rich investment portfolio. For Aston Martin, the preferred ride of fictional secret agent James Bond which has gone bankrupt seven times in its history, the investment means it can secure its long-term future. Its current second-largest shareholder, German carmaker Mercedes-Benz AG will own about 9.7% after the capital raising. Debt-Ridden Inheritance "In 2020, I inherited a business in deep trouble that needed to be reset," Stroll told reporters. COVID-19 lockdowns and the disruption to global supply chains has slowed the company's recovery, he added. Half of the new capital will be used to repay debt that stood at 957 million pounds at the end of March. The company also pushed back the date at which it will start producing cash from 2023 to 2024. The carmaker said former owner Italian investment group Investindustrial and China's Geely had proposed up to 1.3 billion pounds in funds last week, which the board rejected. The pair would have injected 203 million pounds for a stake, making them the largest shareholder. Stroll said the proposal would have been highly dilutive to shareholders and believed it was a takeover offer in disguise. ($1 = 0.8446 pounds) (Reporting by Eva Mathews in Bengaluru; Editing by Arun Koyyur, Tomasz Janowski and Louise Heavens) Earnings/Financials Aston Martin

Aston Martin 'likes the idea of Adrian Newey doing a road car'

Sat, Aug 15 2015

The whispers, suggestion, and innuendo touting a supercar project that involves some combination of Adrian Newey, Red Bull, and Aston Martin will not cease. Auto Express got comment from Aston Martin CEO Andy Palmer regarding the gossip, Palmer saying, "There is rarely smoke without fire." He added that while he is on board with the idea of Newey penning something for the English carmaker, the Warwick firm is not the source of the rumors tying the two. But of course, what else would he say to the question of having perhaps the finest Formula One aerodynamicist of this generation design a coupe to wear the wings? The admission is a bit like Palmer saying he likes the idea of someone giving Aston Martin a billion dollars. He classified the situation as saying "there is no authentic program" with Newey, which sounds like official language for 'we've talked about it but there's no paper trail yet.' The project to build "an ultimate sports car" is under consideration, with designs in the works. A decision on whether to go further might come before the year is out. Or it might not. In the meantime, while we wait for the first, we'll have to do our best with the smoke and the DP-100 virtual race car that Aston Martin created for Gran Turismo 6. Related Video:

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

Tue, Jul 9 2019

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.