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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.

Aston Martin teases V12 Vantage twice more ahead of debut

If you can handle another tease of the coming Aston Martin V12 Vantage, here are two. The first is a photo of what will certainly be a riotous super coupe under a partially opaque Union Jack. We can't spot anything on the obscured car that we don't know about from prototypes (or suspect from reports); the headlights, side mirrors, fender vents, and wheels are all there. Phew!. Out back, the drapery hangs high, pulled over a high wing that will be part of the V12 Vantage's numerous aerodynamic accoutrements. The test vehicles we've seen have been wingless, fitting nothing more than a Gurney flap to the Vantage's tidy ducktail, so we'll have to find out if the wing is standard fit or an option.  Behind the extra large grille, everyone is expecting the brand's 5.2-liter V12. In the limited edition Speedster, which married the Vantage's chassis to the Superleggera's front end, that 12-cylinder made 690 horsepower and 555 pound-feet of torque. Predictions for V12 Vantage out range from about 600, roughly in line with the DB11, to about 670, which would be a massive hoot while leaving room enough not to fluster Speedster owners. Arriving 16.03.22#AstonMartin #V12Vantage #NeverLeaveQuietly — Aston Martin (@astonmartin) March 11, 2022 The second teaser is a brief Twitter video mood board with the admonition to "Never leave quietly." We'll hear the supercar's noise and find out about its backside on March 16, when the reveal happens. We should also find out then how many Aston Martin plans to make. A previous rumor put that production number at 299. The vehicle itself is expected to arrive for the 2023 model year as part of the standard Vantage's model update, sources saying there will only be 299 made. The standard 2023 Vantage will be part of an overhaul of the front-engined Aston Martins that result in more power, better dynamics, and better interiors. Related Video

This Aston Martin DB9 with 104,000 miles on it makes us happy

The typical Aston Martin DB9 for sale has something like 14,000 miles on it, but 4,000 is pretty typical and a "high-mileage" example would be less than 40,000. And remember, the DB9 went on sale 16 years ago, lasted until 2016, and there isn't as much correlation between age and mileage as there are with other cars. Also remember, Aston Martins usually sit in garages collecting far more dust than, quite obviously, miles. Which is why we're oddly proud of this 2005 Aston Martin DB9 for sale that has 104,854 miles on it ... and the original owner who had the audacity and awesomeness to drive it that much. Good job, buddy. The second owner, prior to selling it to selling dealer, put only 4,000 miles on it since 2015. This plucky Aston-that-could is painted in what seems to be California Sage green with a Cream Truffle interior. With all those miles, such a light-colored leather is definitely showing its age and there's plenty of wear on the driver seat (especially the side bolster), but it's actually not that bad. The leather seats of cars with far fewer miles can look much worse. In fact, the interior in general looks great for such a high-mileage car, a testament to its owner's maintenance and Aston's materials and build quality. As mentioned earlier, it's rare that the latter gets tested so rigorously.  Now, would buying an Aston Martin DB9 with 104,845 miles on it be a good idea? Sure doesn't seem like it. Then again, buying a used Aston Martin always seems like it would be an expensive proposition, and maybe actually being driven has kept it in better working order? Maybe? The CarFax does show consistent service over the years. Of course, that could mean it was breaking all the time, but would you really keep something around that was breaking all the time?  Ultimately, the problem here is the price: Motor Car Classics in New York is asking $39,900 for it. A quick scan of Autotrader reveals DB9s with exponentially fewer miles for around the same money or even less. That includes Volante convertibles. This 2005 is only $4,000 more and has 36,000 miles. This one is also $4,000 more, but has 14,000 miles. However, pricing cars like this is very difficult and certainly none of those other DB9s were as well loved and enjoyed as this audacious green trooper.