2002 Aston Martin Db7 Vantage Coupe V-12, 6 Sp-manual, Only 16k Miles One Owner on 2040-cars
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Aston Martin owners rev up for possible sale or stock IPO
Sat, Dec 16 2017LONDON — 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.
Movie Review: Spectre
Sun, Nov 8 2015I had only been sitting for two minutes in the screening of the twenty-fourth installment of the James Bond franchise, Spectre, before I met a fanatic. Sporting a James Bond 40th Anniversary Omega Seamaster ("number 007 of only 1007 made", he told me, beaming with pride), he boasted of his travels to the Furka Pass in Switzerland, to visit the location of the Goldfinger car chase, and of his Silver Birch Aston Martin DB5, the same car Sean Connery piloted around those treacherous roads just over fifty years ago. He bought it a while back for $125,000, and foolishly sold it a few years later for $160,000 (a mint 1965 DB5 will easily fetch over $1 million at auction today). The discussion of his Aston Martins continued, including his current Vantage and DB9, until the theatre started to fill up and the lights went down. This kind of automobile and movie culture is unique to Bond. 007 may have his signature drink, "shaken, not stirred," but just as famous are his cars, which, for a great number of films, are Aston Martins. This started fifty years ago, in the aforementioned Connery flick, Goldfinger, and the tradition has continued in Spectre, with a bespoke two-door coupe fittingly tagged the DB10. This latest Bond car is more concept than production. Built around the current V8 Vantage VH platform, the DB10's handsome styling is a look into the future for the British manufacturer. Perhaps outshining Bond's chariot are the cars of the villainous organization after which the movie is named, a highlight being the beautiful the Jaguar C-X75, driven by the eye-gouging villain, Hinx (Dave Bautista). The Jag is introduced when Bond infiltrates a Spectre meeting. His attendance doesn't go unnoticed, leading to a C-X75 vs DB10 race around Rome's midnight streets. Those who are going to see Spectre for the great car cinematography, prepare to be disappointed. The scene ends early on when – spoiler alert – 007 dumps the DB10 in the bottom of a river. Spectre is the longest of the 24-film canon, and due to an overstuffed second act, it feels like it. The first hour is fantastic, revealing enough of Bond's backstory to get the audience hooked, but somewhere in the second act we lose our way, torn between two predictable story lines.
Aston Martin recalling 6,076 for locking doors
Mon, Jul 18 2016The Basics: Aston Martin is recalling 6,076 cars because of an issue with the vehicles' door locks. The vehicles include: the 2010-2015 Aston Martin DB9, 2010-2012 DBS, 2010-2016 Rapide, 2010-2016 V8 Vantage, 2012 Virage, 2014-2016 Vanquish, 2011-2016 V12 Vantage, and 2012-2013 V12 Zagato. The Problem: The affected cars, according to the National Highway Traffic Safety Administration (NHTSA), come with interior door unlocking components that may not function properly when the car is locked from the outside. This may result in an occupant being trapped inside the vehicle. Injuries/Deaths: None reported. The Fix: Aston Martin dealers will disable the vehicles' double locking feature by reprogramming the mechanism's software at no charge. If you own one: Aston Martin will notify owners with the recall expected to begin in August. Related Video: Description of the Noncompliance: The subject vehicles contain a full locking system software, which according to an interpretation letter issued by NHTSA, does not meet certain door lock requirements of the Federal Motor Vehicle Safety Standard (FMVSS) No. 206, Door locks and door retention components (49 C.F.R §571.206). In the subject vehicles, each door is equipped with a locking mechanism with an operating means from the interior of the vehicle. However, when the full locking system is mobilised (by double locking the vehicle), this disengages the interior operating means for unlocking the door locking mechanism. As such, the full locking system is an effective anti-theft measure. FMVSS 1 : 206 - Door locks and door retention components FMVSS 2 : NR Description of the Safety Risk: In an affected vehicle, where the full locking system has been activated from the exterior, there is a risk that occupants are unable to unlock the doors from the inside of the vehicle. In relation to our 4-door sports cars (Rapide and Rapide S), this risk is the same as if a person were in a vehicle in which the child locks were engaged. However, all our vehicles have an acoustic warning device (i.e. horn), which can still be activated from the interior of the vehicle when the ignition is switched off and the full locking system is activated. Furthermore, some vehicles are fitted with an alarm system with interior detection, which is able to detect an occupant's movement and will activate the vehicle's alarm if the full locking mechanism is activated and occupants are detected inside the vehicle.