2003 Aston Martin Db7 Vantage Convertible 6800 Miles Like New on 2040-cars

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Aston Martin's lifeline buys carmaker time as SUV hits road

Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. Stroll agreed to buy up to 20% of the 107-year-old company and will become executive chairman of James Bond's automaker of choice, which has gone bankrupt seven times in its checkered history. A consortium led by Stroll will invest 182 million pounds($239 million), whilst major existing shareholders - primarily Italian and Kuwaiti private equity groups - will be part of a rights issue to raise 318 million pounds. "It likely gives them enough liquidity to tide them over for a couple of years," said Charles Coldicott, Redburn equity research analyst. Outgoing chairwoman Penny Hughes, who will be replaced by Stroll, spelt out the degree of trouble the firm has been in after core sales fell last year. "The difficult trading performance in 2019 resulted in severe pressure on liquidity which has left the company with no alternative but to seek substantial additional equity financing," she said. "Without this the balance sheet is not robust enough to support the operations of the group." Now Aston will need to turn the financial lifeline into part of a sustainable plan as it delays investment in electric vehicles and cuts its operating costs. A key future milestone includes around 1 billion pounds worth of debt due to mature in 2022. The company also suffers from lower gross margins than rival Ferrari, according to analysts at Jefferies, who have said scaling up is just as important as extra capital. Key to the company's success is its first foray into the lucrative SUV market, a late entrant compared to many rivals such as Volkswagen-owned Bentley and BMW's Rolls-Royce. Aston has built a new factory in Wales to make the model, known as the DBX, which it hopes will attract more women to the brand and some buyers to purchase both it and a vehicle from its traditional line-up. With the DBX model not due to roll off the production line until the second quarter of this year, the firm has taken the cost with only some of the benefit so far. Based in central England, Aston said earlier this month that it already had around 1,800 orders for the car which will retail for 158,000 pounds in Britain, a "materially better" rate than for any previous models.

Aston Martin Project 003 is a road-going evolution of Valkyrie

The Aston Martin Project 003 will effectively be the most road-going example of Aston's mid-engined hypercars. It quite obviously draws heavily from the Valkyrie (aka Project 001), which is as much the result of aerodynamic requirements as it is maintaining a family resemblance. It may not appear to be as extreme in certain respects, and it isn't, but it does feature a number of advances. The 003 utilizes the next-generation of "aircraft morphing technology, to create a variable airfoil across the entirety of the rear wing. The technology named FlexFoil ... has been validated by NASA through extensive performance and acoustic flight testing, with Aston Martin the first to implement this cutting-edge aerospace technology in the automotive industry. The system allows for the car's downforce to be changed without changing the physical angle of the entire element." So yeah, fancy stuff, and in fact, the production version will feature an even further evolution of the technology. Aston hasn't released full details, but did indicate the 003 will be powered by a hybrid powertrain consisting of a new turbocharged V6 developed in-house. This is in contrast to the Mercedes-sourced engines in recent Aston Martins. It will feature a sealed oil system previously utilized in the Aston Martin Vulcan and in multiple 24-hour endurance races that allows for oil changes in 90 seconds and the refinement and reuse of the engine oil itself. The production 003 will be the first road-going car to receive this technology. There is plenty shared with Valkyrie, however, including the active suspension and various electronic systems. Aston says the chassis will be "blessed with next-level precision, control and driver connection for class-leading dynamics on road and truck." Also like the Valkyrie, Project 003 utilizes a lightweight carbon fiber structure with carbon fiber bodywork. It was shaped for maximum aerodynamic effect, which results in the two mid-engine hypercars sharing a common shape and general look. One noteworthy visual difference are the front and rear lighting units. Their lightweight technology are shared, however. Aston Martin says the 003's four lighting units weigh less than one DB11 headlamp. Inside is where the 003 most ventures away from the Valkyrie, and where it demonstrates its more road-going nature. Greater concessions have been made for usability and comfort, although that is certainly relative.

Aston Martin and Mercedes will share F1 safety car duties

LONDON — Aston Martin is set to join Mercedes next season as a provider of Formula One's official safety cars, according to media reports on Tuesday. Racefans.net reported that Aston Martin would supply safety and medical cars at 12 of the 23 scheduled races in key markets, with the existing Mercedes cars used at the rest. It said Aston Martin's new DBX SUV, which uses a Mercedes-AMG V8 engine, would be used as a medical car. There was no official confirmation from Aston Martin or Mercedes. Sources indicated to Reuters that the report was accurate, however. Mercedes has been the official provider of the cars, which are deployed in the event of an incident or bad weather to keep the field lapping safely, since 1996 but that deal runs out at the end of this year. A shared supply would make sense for both carmakers, who already have close ties. Aston Martin's executive chairman Lawrence Stroll also owns the Racing Point team, who will race as Aston Martin from next season with four times world champion Sebastian Vettel arriving from Ferrari. Mercedes, a part of Daimler, is set to raise its stake in Aston Martin to up to 20% by 2023. Toto Wolff, principal of the Mercedes factory team, also has a private stake in Aston Martin. Related Video: Motorsports Aston Martin Mercedes-Benz F1