2014 Aston Martin Vantage Coupe Centenary Edition #23 Of 100 on 2040-cars

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Aston Martin working on mid-engine Valkyrie ‘brother’ to rival McLaren P1

We know about the Aston Martin Valkyrie and the Valkyrie AMR Pro (pictured). And we know Aston Martin is planning a mid-engine rival for the Ferrari 488 and McLaren 720S. Now Autocar reports that the English luxury maker is working on yet another mid-engine model, a hypercar to outdo the McLaren P1 and Ferrari LaFerrari and stand up to the coming McLaren BP23. The newest addition to the small carmaker's grand plans is said to be known internally as "brother of the Valkyrie," and came about because of the sellout success of both the Valkyrie and Valkyrie AMR Pro. Both "brother of Valkyrie" and the 488 competitor are expected to use a carbon monococque with aluminum subframes. Both will use lessons from Aston Martin's tie-up with the Red Bull Formula 1 team, especially in packaging. Both are due to hit the market around 2021. And both will be products of the carmaker's Performance Design and Engineering Centre, a base of 130 engineers set up at Red Bull F1's Milton Keyes headquarters. However, the former car will fight in the GBP1M-plus price bracket ($1.4M-plus) where various manufacturers have made amazing hay with warp-speed daily drivers, and will be a limited edition "in order to add to its desirability." We remain in the dark on powertrains for both cars, but outsiders expect both to use a V8. When it comes to the "brother" car, Aston Martin's working relationship with Mercedes-AMG means it could tap the 4.0-liter V8 used by the DB11 and the Vantage. Apparently that engine can be wrung out to 800 horsepower with help from an ultimate EQ Boost setup. That still wouldn't be enough to compete in the segment, though, so the "brother" could become a demonstrator for Aston Martin's electric know-how — a rolling showcase that could turn its halo light on a potential electric sports car. Or perhaps there's another option that turns to Cosworth, the company helping develop the 1,000-hp 6.5-liter V12 in the Valkyrie. Aston Martin boss Andy Palmer wouldn't say much more about the junior supercar powertrain than, "In our portfolio today, we don't have an engine capable of giving us the output we require.

Prince Charles visits Aston Martin with his Aston, helps build a DBX, draws tabloid ire

A very British thing happened this week: Prince Charles visited Aston Martin's new factory in St. Athen, driving there in his own Aston Martin. He took his DB6 that over a decade ago was converted to run on waste wine (yes, really) and was used in William and Kate's wedding. His visit included touring the new factory that will build the 2020 Aston Martin DBX, as well as talking with Aston's apprentices. A plaque was placed to commemorate the visit. Aston also let him put the finishing touch on a DBX, placing the front badge. The bad news is, no one will be able to say their DBX was partly made by royalty, as the car Prince Charles finished was a pre-production model. The good news is that customer DBXs will have their badges applied professionally, and while Prince Charles' badge placement skills may be fine, we trust the pros to ensure secure and aligned fitment. Maybe we shouldn't pile on, after all, Prince Charles attracted the ire of a British publication called Express. The tabloid secured footage of Charles pulling up to the factory in the DB6, and proceeded to deride a lack of turn signal and clipping the center line while making the turn. Of course if you watch the video yourself, you'll see that, yes, he did fail to signal, but otherwise his turn seemed entirely boring and inoffensive. We at Autoblog see vastly worse driving on a daily basis, so we think the tabloids ought to cut Charles a break on that turn.

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.