2006 Aston Martin Db9 Volante V12 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.

The Aston Martin Vanquish Zagato Volante is a beautiful mouthful

Aston Martin makes some of the most beautiful sportscars in the world. There are few bad looking Astons and most attempts to modify or change the cars' characters usually ends terribly. Zagato, the Milan-based coachbuilder, is one of the few companies that seems to get it right. Last year, the company debuted its Aston Martin Vanquish Zagato coupe and Vanquish Zagato Volante convertible. These new spy shots show the production car in action. As the name suggests, the Vanquish Zagato Volante is simply a Aston Martin Vanquish Volante restyled by Zagato. That means a 5.9-liter V12 sending 592 horsepower to the rear wheels. Expect a 0-60 mph time of 3.7 seconds. That's nearly as quick as the new Aston Martin DB11. The Vanquish Zagato Volante keeps the standard car's long-hood short-deck proportions, but most of the bodywork has been redone. The grille keeps the standard Aston Martin outline, but it grows in size and bubbles out just slightly. Round LED lights sit at the corners of the Z-emblazoned grille. Around the side, we can see the gold-accented wheels and fender. There is a deep cut for airflow just behind the rear wheel. The shape mimics that of the standard car, but changes it just enough to make it special. A carbon-fiber lip runs around the bottom of the entire car. Out back, the wing-shaped taillights have been replaced with round units that use bladelike LEDs. The quad exhaust tips remain in place, but they appear to sit slightly higher than on the standard car. The small rear wing raises and lowers at speed for increased downforce. Just 99 of these Vanquish Zagato Volantes will be built. Most are likely spoken for, going to owners of the coupe version of the car. After all, if you have one, you might as well have the set. Related Video: Featured Gallery Aston Martin Vanquish Zagato Volante View 12 Photos Image Credit: CarPix Design/Style Spy Photos Aston Martin Convertible Luxury Performance aston martin vanquish aston martin vanquish volante aston martin vanquish zagato

Aston wants to build DBX on its new platform, not Mercedes'

Aston Martin is proceeding with plans to launch the DBX as its first production crossover. It just can't say at this point what it will be based on. Speaking with Automotive News Europe, Aston's new CEO Andy Palmer indicated that basing the DBX on a Mercedes SUV platform would not be its first choice because they "clearly sit in a very different space to the one we want to go" with the DBX. Instead, the company's first choice would be to build the crossover atop the new platform it's developing for its sports cars. "It just depends how high off the ground it could go," said Palmer. "I don't exclude the possibility of using some [Mercedes] parts, but I would say very much the primary route is our platform." The prospect of building an Aston SUV on Mercedes architecture – namely that of the GL-Class – has been on the table for some time now. The Lagonda SUV concept it showcased at the Geneva show in 2009 was based on the GL, and the two automakers have been forging a tightening alliance in the years since. The British automaker's next-generation engine is to be built by Mercedes-AMG, and it is expected to source other components from the German automaker as well. For its part, Mercedes has been taking a sportier approach with its latest crossovers, as demonstrated by the GLE Coupe that debuted before the more conventional version and the Concept GLC Coupe that previewed the GLK's replacement in Shanghai last month. Aston Martin, on the other hand, is building a new sports car platform that will underpin its next generation of luxury GTs, replacing the long-serving VH architecture that has served for decades as the basis for its entire model line. Perhaps the most surprising of ANE's report, though, is that Aston seems to be proceeding with plans to build the DBX apparently without even knowing what platform it will use.