2019 Aston Martin Db11 on 2040-cars

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Aston Martin sues dealer over $3.5 million Valkyrie supercar

Aston Martin Lagonda Global Holdings said it’s suing a company affiliated with one of its dealers in Switzerland, alleging that it withheld customer deposits collected for the $3.5 million Valkyrie supercar. The automaker accused Nebula Project AG of failing to pass some deposits taken from customers along to Aston Martin and said it has terminated an unconventional commercial arrangement its previous management team entered in 2016. Under the now-dissolved deal, Nebula had agreed to fund development of the Valkyrie and other mid-engine cars in exchange for royalty payments. As a result of terminating the agreement with Nebula, Aston Martin is no longer liable for any potential royalty payments, which could have been “significant” over time, the carmaker said in a statement Tuesday. The company also cut off its dealer arrangements with AF Cars AG, the company that operates Aston Martin St. Gallen in Switzerland, whose board members manage Nebula. A spokeswoman for the cantonal prosecutorÂ’s office in St. Gallen said they are expecting a lawsuit to be filed but hadnÂ’t received it as of noon Tuesday. A spokesman for Aston Martin St. Gallen was not immediately available to comment, according to a receptionist. The canton of St. Gallen in eastern Switzerland is home to just 510,000 people but generates gross domestic product of almost 39 billion Swiss francs ($42 billion), making it a natural fit for wealthy fans of supercars. The Valkyrie, which Aston Martin expects to start shipping in the second half of the year, is intended to compete with mid-engine models made by the likes of Ferrari and McLaren. While Aston Martin believes the net impact of its actions against Nebula will be positive over time, itÂ’s expected to reduce cash flow and earnings before interest, taxes, depreciation and amortization by as much as 15 million pounds this year. The automakerÂ’s shares traded down 1.9% as of 11:50 a.m. in London, paring an earlier decline of as much as 4.9%. Valkyrie customers will still receive their cars as scheduled, Aston Martin said, despite the company not having received all the deposited funds. The company said it will take deposits for special vehicles directly from customers going forward instead of through dealers. Aston Martin racked up significant losses after going public in 2018 and has spent the last year restructuring itself after a rescue by Canadian billionaire Lawrence Stroll, who took over as chairman.

Aston Martin reveals new V12 Vantage S Roadster as its fastest droptop to date

You have to hand it to Aston Martin. Its entry-level V8 Vantage may be nearly a decade old, but the British automaker never tires of rolling out ever more powerful versions. Where the original packed a 4.3-liter V8 derived from a Jaguar design and producing 380 horsepower, this latest version packs 565 hp to become the company's quickest and fastest roadster to date, not to mention its most powerful. Following the debut of the V12 Vantage S coupe, the new V12 Vantage S Roadster packs the most powerful iteration of Aston's ubiquitous 6.0-liter V12 engine to date. Equipped with CNC-machined combustion chambers and hollow camshafts, unburdened of 44 pounds of excess weight and mated to Gaydon's latest Graziano-developed Sportshift III seven-speed sequential gearbox, that engine is capable of propelling the open-top rocket to 60 in 3.9 seconds en route to a top speed of 201 miles per hour. That's considerably quicker than the flagship Vanquish Volante, which runs to 60 in 4.1 seconds and tops out at 183 mph, painting the V12 Vantage S Roadster as Aston's most performance-focused droptop to date. It's also got a flatter and fatter torque curve than the previous V12 Vantage Roadster, three-stage adaptive damping, three-stage stability control and two-stage ABS, carbon-ceramic disc brakes and a lightweight exhaust derived from the pipes on the One-77. Like what you see? There are more details to digest in the press release below, including a full range of customization options from the Q by Aston Martin catalog. ASTON MARTIN V12 VANTAGE S ROADSTER – AN OPEN INVITATION TO EXCITEMENT - Debut of the luxury brand's most potent and exhilarating roadster yet - 6.0-litre V12 engine: 565 bhp and 620 Nm delivers 201 mph top speed - Supreme agility and intense excitement characterise new model Aston Martin is opening up a new world of exhilarating driving excitement with the announcement of the hotly anticipated V12 Vantage S Roadster. When it arrives in markets around the world later this year the new sports car will become the luxury British marque's most potent, fastest and fastest-accelerating series production roadster to date and follows in the broad tyre tracks of the V12 Vantage S Coupe that was launched to worldwide acclaim in 2013.

Aston Martin speeds ahead with October IPO worth perhaps $6.7 billion

LONDON — Luxury British carmaker Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its stock market flotation and has taken steps to prepare for any eventuality over Brexit, it said on Thursday. The company, famed for making the sports car driven by fictional secret agent James Bond, said last month it was pursuing an initial public offering (IPO), the first British carmaker to do so for decades. The automaker will publish a prospectus later on Thursday and hopes to announce its final pricing on or around Oct. 3. It expects its shares to be admitted to the London Stock Exchange on or around Oct. 8. Carmakers have warned about the impact of any customs checks introduced as a result of a no deal or hard Brexit which could slow down production and add costs when Britain leaves the bloc in March 2019. The boss of Aston, which builds all its cars in Britain, said the company had boosted its stock of engines and components in case free and unfettered trade with the European Union ends in a few months' time. "We're up to five days of engine stock for example and we've got a very large warehouse in Wellesbourne (in central England) where we have at least five days of car stock," Chief Executive Andy Palmer told Reuters, an increase from the previous three days' worth of components held by the firm. "If there are tariffs ... for every car we lose because of a 10 percent tariff into Europe, we presumably pick up from Ferrari and Lamborghini in the other direction because obviously their cars become more expensive in the UK," he said. London and Brussels hope to conclude a Brexit agreement by the end of the year, but fellow carmakers such as BMW and Jaguar Land Rover (JLR) are worried that failure to agree could lead to snarl-ups at motorways and ports, disrupting production. JLR boss Ralf Speth warned last week that the wrong Brexit deal could cost tens of thousands of car jobs and risk production at the firm, Britain's biggest carmaker. Aston, which has set a price range of 17.50 pounds to 22.50 pounds per share for the 25 percent of stock it is floating, is targeting a market capitalization of between 4.02 and 5.07 billion pounds. The carmaker, which has long said it could pursue a listing, has undergone a turnaround plan since Palmer took over in 2014 as it boosts its volumes and expands into new segments with a new factory due to open in 2019.