2005 Aston Martin Db9 Base 2dr Coupe on 2040-cars

Auto blog

Aston Martin Valkyrie gets a track package, moves closer to production-ready

Aston Martin continues to trickle out news for the upcoming Valkyrie hypercar, and today it's telling us about an AMR Performance Track Pack that will be on offer. We've previously told you about the Valkyrie AMR Pro, which is a track-only version of the car Aston intends to build. This new package will be on offer to the 150 lucky folks who will be buying the road-going version of the Valkyrie. The Track Pack consists of a new front clam producing greater downforce, a second set of exterior body panels, a track-focused suspension lowered by 2 inches, titanium braking components and magnesium wheels with carbon fiber discs covering them. All this results in lap times that are supposed to be 8 percent quicker than the standard car — an impressive improvement over a car with bonkers performance to begin with. The only catch you might ask? With the Track Pack accessories fitted, the Valkyrie loses its road-legal status like the AMR Pro. You'll need to hand the car over to Aston for them to put it back to street-spec after your track day is done. Aston Martin also announced some customization options that will be available for the car. The only limit here is your pocketbook, folks, as Aston's personalization program, Q by Aston Martin, will be helping buyers make the cars exactly the way they'd like. Four designer spec themes will be offered to those not interested in total custom work. Wherever you see paint or trim, carbon fiber is most likely possible. Colors and material choices on the interior will be up to your imagination, as well. The wildest option available appears to be the Gold Pack, wherein 24-carat gold livery is laid under the paint. Check out all the pictures of custom examples Aston has come up with on its simulator up above — this is going to be one sweet car, not to mention the 1,000 horsepower 6.5-liter Cosworth V12 that revs to 11,100 rpm. Related video:

Bond, junk bond? Aston Martin financial ratings go south as it awaits DBX

Ratings agencies Standard & Poor's and Moody's have taken a dim view of Aston Martin Lagonda. S&P cut its credit rating on the storied carmaker deeper into junk territory this week, and Moody's revised its credit outlook to "negative" after the company raised $150 million in debt from a bond issue at 12% interest, with the option to raise another $100 million at 15%. The Standard & Poor's rating was trimmed by one notch to 'CCC+', which reflects substantial risks and takes it close to default territory after a faster-than-expected cash burn this year. The outlook is negative.  The negative outlook reflects ongoing pressure on profits, a high cash burn, and very high leverage in the face of heightened risks linked to a potential no-deal Brexit and new tariffs on car imports threatened by the United States. The potential salvation for the company is its new DBX luxury SUV, the success of which is critical to its ambitious growth strategy and ongoing creditworthiness, S&P said. But Moody's noted that it's burning cash at a high rate as it nears the launch of the DBX. The British carmaker, known as James Bond's favorite marque, has been hit by falling demand in Europe, the Middle East and Africa. It slumped to a first-half loss in July. Chief Executive Andy Palmer said concerns around Brexit and U.S.-China trade relations were skewing the outlook to the downside, so it was prudent to address investor concerns about its balance sheet. "Taking this debt on — short-term debt — is we think the correct tool to completely remove that thesis that we don't have sufficient liquidity," he told Reuters. "In every substantial and material way, this ensures that we can get through to DBX in spite of what all of those global uncertainties might throw at us." The main tranche comprises notes with an interest rate of 12% due in 2022, while the additional notes could be issued under the same terms if permitted, or could be issued as unsecured notes with an interest rate of 15%, Aston Martin said. Shares of stock in the company, which have had a precipitous fall since they listed in London in October 2018 at 19 pounds, were trading down 5% at 545 pence in early deals. Broker AJ Bell said Aston Martin was known for its high end prices and that situation now also applied to its debt. "These rates are very high and are a major red flag that investors consider the car company to be a high risk entity," it said.

Aston Martin lead designer doesn't fear the future

Marek Reichman is the chief creative officer of Aston Martin, so he oversees the creation of some of the world's most desirable vehicles. This includes not only the production cars from the venerable British brand, like the DB11 coupe and convertible, or the all-new Vantage, but also "Specials." These limited-edition, extremely expensive, outrageous and drool-worthy custom vehicles are developed by Aston's special advanced engineering skunkworks, like the Vulcan and Valkyrie. And, now, with the revival and reimagining of Lagonda as an electric and autonomous ultra-luxury sub-brand, he's also responsible for creating a full line of vehicles to fill out its offerings — a limousine, a coupe and an SUV. Speaking at the global launch of the brand's new Vantage — long its best-selling vehicle and the entry-level gateway into the Aston universe — Reichman is cautiously optimistic about the future of the traditional sports car. In part, because he believes that some humans will always crave speed and feel. "Washing clothes became automated, building refrigerators became automated. Everything becomes automated, because we see it as advanced," Reichman says. "But there will always be a segment of the population that wants that experience. That engagement." Of course, as technology advances toward the alleged inevitability of our electric and autonomous future, and rules regarding who can own or drive what kind of car lead or follow, this segment may become increasingly restricted. Reichman lives in Oxford, England, which will become the first city in Europe to completely ban carbon-emitting vehicles in the start of the next decade, so he is well aware of these impending changes. "At the high performance end it might become the province of the rich, who will need private spaces to use these vehicles," he says. "But what will happen with the Morgans or the Lotuses of the world — the more accessible brands? There may still be a place for them." View 17 Photos This sense of possibility stems from Reichman's belief that the next generation can hold simultaneously divergent ideas. "I think there is always going to be a space for the personal need and desire for performance driving. I see it even in kids today," he says. "They believe in the world of electrification. That that is their inevitable future.