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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 says Alabama is 'obvious choice' for US plant

Aston Martin is gearing up to be the next foreign automaker to build an assembly plant in the United States – and it looks like it'll be in Alabama. Speaking with Automotive News Europe, company CEO Andy Palmer said that he and his team will make a decision on the prospect of building its second factory, and that the Yellowhammer State was the "obvious choice" for its location. The possibility first came up on our radar last month, after Aston reportedly held discussions with representatives of state governments in the South. The plant would be earmarked to handle production of the DBX. Slated to be the company's first crossover, it was previewed in concept form at the Geneva show in March. "Our principal customers will be in the United States and China," Palmer said to ANE. However, the US would apparently be preferable to building a plant in China, from which it would be more difficult to export vehicles to other markets and where Aston would need to form a joint venture with a local manufacturer. The prospect of building its plant in the same state where Mercedes builds its SUVs would offer certain advantages as well: Aston has inked a deal with the German automaker to supply some systems and components. The British automaker has also long-been rumored to be considering building a crossover based on the same platform as the GL-Class (soon to be redubbed GLS), although that may or may not take the form of the DBX. Aston Martin is working toward ramping up production from the 4,000 units it sold last year to as many as 15,000. "If we went to three shifts" at the current plant in Gaydon, said Palmer, "we would be at 15,000 a year, so theoretically we could do it but you'd have no room for stoppage for maintenance. Related Video:

Aston Martin previews 'world's most powerful luxury SUV'

Aston Martin is preparing to expand the DBX lineup with what it promises will stand proud as "the world's most powerful luxury SUV." Concrete details remain few and far between, but the British firm released a short video to preview the mysterious new model. Posted on Aston Martin's official social media channels, the 13-second flick shows a sporty-looking wheel design, a piece of carbon fiber interior trim, and the company's wing-shaped logo embroidered into a headrest. What's perhaps more telling is the engine revving in the background. While previous rumors claimed that the spicier DBX would get a V12 engine, this one sounds a lot like a V8 to our ears. If the DBX S — a name that hasn't been confirmed for production yet — indeed lands with a V8, the unit will certainly be an evolution of the Mercedes-AMG-sourced 4.0-liter, twin-turbocharged engine that powers the standard model. It develops 542 horsepower and 516 pound-feet of torque in its regular state of tune; how much power it will make in the S is still up in the air. AMG pushes it to 603 horsepower and 627 pound-feet of torque in the GLE63 S and the GLS63 S (which are sitting out the 2022 model year), but those figures wouldn't give the DBX access to the power crown; Porsche's Cayenne Turbo S E-Hybrid has 670 horsepower and it qualifies for the "luxury SUV" label. Expecting an output of 670-plus horsepower isn't unreasonable, though crossing your fingers for the 720-horsepower V8 from the GT Black Series is likely wishful thinking, plus the usual assortment of chassis, suspension, and braking system upgrades needed to keep the cavalry in check. Aston Martin's preview hints that visual modifications inside and out will be part of the performance-oriented package as well. Intrigued? So are well. We won't have to wait long to find out: the next DBX variant will make its debut on February 1, 2022. Related Video: