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Aston Martin owners rev up for possible sale or stock IPO

LONDON — Aston Martin's owners have hired financial advisory firm Lazard to prepare for a stock market listing or sale of the British sports car maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters. Italian private equity fund Investindustrial and a group of Kuwaiti investors, who together own more than 90 percent of the marque, are hoping to cash in on a recovery in sales and are in the initial stages of a strategic review. They have hired investment bank Lazard to work on a preliminary plan and could either opt for an initial public offering (IPO) in the third or fourth quarter of 2018 or a trade sale, two of the sources said on Friday. A deal could value the maker of the sports car driven by Britain's Prince William on his wedding day at between 2 billion and 3 billion pounds ($4 billion), one of the sources said, adding a listing was the most likely option. However, no final decision had been taken and the investors could decide to retain control, the sources added. Investindustrial declined to comment while Aston Martin and Lazard did not return requests for comment. Adeem Investment, one of the Kuwaiti investors, was not immediately available. If successful, a float of Aston Martin would be a milestone deal for the 104-year-old car manufacturer and would follow the IPO of Italian sportscar maker Ferrari which made its Wall Street debut in 2015 amid strong investor demand. Investindustrial, led by founder Andrea Bonomi, bought 37.5 percent of Aston Martin in 2012 in what was the fund's best-known investment in Britain. The fund, which has clinched a number of Southern European investments since its launch in 1990, is Aston Martin's single biggest investor and is driving the plans, the sources said. Beside Lazard, other investment banks have approached the private equity fund in recent weeks offering advice ahead of a possible IPO, another source said. Yet no other mandates will be awarded this year for the Gaydon-based firm, which is in the midst of a turnaround plan that aims to restore the business to profitability following six years of losses. Aston Martin, which recently unveiled its new Vantage model, is on course to post its first annual pre-tax profit since 2010 as strong demand for the luxury automaker's DB11 sports car boosts its performance.

Aston Martin confirms 3.0-liter turbocharged V6 for Valhalla

When the Aston Martin Valhalla hits the scene in 2022 (hopefully), it will be powered by an all-new 3.0-liter turbocharged V6 engine that will be fortified and electrified in a hybrid configuration that we don't yet know much about. Interestingly, Aston Martin says the V6's hybrid element will be tuned and sized for each specific vehicle in which it's installed. In the Valhalla, the dry-sump engine will be mounted directly behind the passenger compartment, and its so-called 'hot V' design will allow for relatively compact dimensions. And compact also means lightweight — the automaker says the complete engine weighs less than 440 pounds. Just the fact that the British automaker is investing the engineering effort to produce a new engine is significant. The company hasn't engineered its own in-house powertrain since 1969, when Tadek Marek's 5.3-liter V8 engine found its way under the hood of Aston Martin's aptly named DBS V8. The new 3.0-liter V6 is codenamed TM01 in Marek's honor. With that in mind, we expect this powerplant to serve in various Aston Martin models for a number of years. We look forward to further details in the future, especially the all-important horsepower and torque figures. In the meantime, feel free to peruse the high-resolution image gallery above, where you'll see intricately milled castings along with the engine undergoing dyno testing and running red hot with the lights down low.   Related Video:

Aston Martin Brough Superior AMB 001 starts testing, shows off new color

Aston Martin announced last fall it would be dipping a toe into the motorcycle world with the help of bike builder Brough Superior. The first bike is the AMB 001, and it's finally undergoing track testing and development. The turbocharged 180-horsepower motorcycle is shown on video powering around a race track. It offers a good look at the bike's double-wishbone girder-style front end in action, a signature of Brough Superior bikes. Aston Martin Brough Superior AMB 001 View 5 Photos Besides a look at the bike on track, the two companies showed a version of the bike with dark red tinted carbon fiber panels. It also has some spiffy red brake disc spokes. We also get a close look at the instrument display, which actually appears to be on a smartphone that fits in a slot on the tank. Not many other details have been revealed. The companies announced they would only build 100 examples of the AMB 001. Each one will cost 108,000 Euros — or just shy of $120,000 — and they'll be delivered at the end of the year. Related Video: