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Aston Martin to raise funds for new models including CUV, hybrid

Aston Martin CEO Andy Palmer named three leads for new vehicle programs when he took the reins, now the company is looking for the money to give those leads something to do. Reuters reports that the Gaydon firm is considering debt or equity financing to raise 100 to 150 million pounds ($156M to $234M US) in funding for "an expansion from the current model range," according to an unnamed source. On top of that investment round, Aston Martin is overhauling its working capital streams to unlock more funds. As one of the industry's few remaining independent carmakers, the company has an intense five years ahead of it, working to revamp its current vehicles with a 500-million-pound investment, entering new segments to grow sales to roughly 10,000 units annually from 4,200 cars in 2013, and pay down hundreds of millions of pounds in current debt. The big high notes observers will be looking for over the next few years are the successor to the DB9, pegged for 2016, profitability predicted in 2017, a huge debt note due in 2018, and the formal end of the recovery period in 2020. Our own eyes will be locked on the DB10 in Spectre, naturally, and the Lagonda-honoring Taraf in other markets, hopefully. At least one of the new vehicles is expected to be a crossover, a segment Aston seemingly cannot ignore now that Bentley and Rolls-Royce are committed to making plays there. However, Reuters says an official announcement of what we can expect won't come until the 2015 Geneva Motor Show. Among the other models said to be up for funding? Sedans (perhaps including a Rapide replacement?) and an unspecified hybrid.

Aston Martin documentary tells development story of Vantage GTE racer

Aston Martin doesn't merely go racing, the carmaker's name enshrines racing: Company co-founder Lionel Martin conquered the Aston Hill Climb in 1914 with a tuned Singer automobile; when Lionel needed a name for the car he built with funding from Robert Bamford, Lionel's wife suggested "Aston-Martin." That makes the Vantage GTE racer that will enter the 2018 FIA World Endurance Championship not only an obvious descendant, but a necessary one. To show us what went into the new standard-bearer, Aston Martin produced a nine-minute documentary on the Vantage GTE's development. The endurance challenger replaces the six-year-old V8 Vantage GTE race car that — even at the end of its development path — took WEC team honors in 2016 and class victory at Le Mans this year. The short doc visits Aston Martin Racing over the course of 18 months spent creating the new Vantage GTE, finding out how the road car got upgraded to race spec, what new partners like Ohlins and Alcon provided, and revealing that electrical wiring can't be mapped out entirely in CAD beforehand, the wiring has to be laid into the chassis by hand in order to find the shortest paths. The Vantage GTE rings in at 2,745 pounds dry, roughly 500 pounds lighter than the Vantage road car. The AMG-sourced twin-turbo V8 gets around 536 horsepower and 516 pound-feet of torque depending on circuit regulations, and shifts through an Xtrac six-speed sequential transmission with a carbon fiber driveshaft. Ohlins created a five-way suspension, Alcon supplies the brakes, clutch, and limited-slip differential, the Akrapovic inconel exhaust exits just behind the front wheels, and 18-inch forged magnesium TMS wheels wear Michelin tires. Unanimous feedback from the drivers says the new racer is already more durable, more torque-y, and more reliable than the one it replaces. The Vantage GTE debuts on track at the 6 Hours of Spa on May 5, 2018. You can watch it now in the video above. View 16 Photos Related Video: News Source: Aston Martin via YouTube Motorsports Aston Martin Coupe Racing Vehicles Videos fia wec world endurance championship aston martin vantage aston martin vantage gte

The legendary Aston Martin DB4 GT is reborn

The trend of resurrecting ghostly automobile legends continues with Aston Martin, which announced Friday it's building a limited run of 25 more DB4 GTs. Originally built from 1959 to 1963, the DB4 GT was among the most powerful British cars of its era and a precursor to the modern supercar. Just 75 DB4 GTs were built during the first run. The GT model was lighter and more powerful than the stock DB4, giving it excellent racing chops. Stirling Moss drove the GT to victory at Silverstone in its competition debut in '59. It's a rare breed with a deep lineage. Within that first batch, just eight even lighter-weight models were built, and Aston is using those as the basis for its continuation series. The company says it will build them in Newport Pagnell in England, its headquarters for decades and now home to the Aston Martin Works heritage division. The DB4 GT continuation brings assembly work back to Newport Pagnell for the first time since production of the Vanquish S left in 2007. The original DB4 GT was produced on this site. The new cars will wear VIN numbers that pick up from the end of the first run in '63. They will use a version of the Tardek Marek-designed straight six-cylinder engine making an SAE-rated 331 horsepower with three twin-choke Weber carburetors. Though it's a straight six like the original, Aston started "from scratch" with the new one, a spokesman said, drawing on the DB11's supplier for the castings. Modern elements, like an FIA-spec roll cage, fire extinguisher, and seat belts will also be added. It will weigh 2,706 pounds. The DB4 GT employs a four-speed David Brown manual gearbox. The car rides on a tubular frame with an independent front suspension; the rear is a Watts linkage setup and both use coil springs. The fuel tank holds 36 gallons, which should prove useful for racing. In that vein, these 25 will be track-only models, and buyers will be able to participate in an international driving program that spans two years and visits circuits like Yas Marina. Owners can receive training from Aston experts like Darren Turner, who counts several class victories at Le Mans. The cost? About $1.9 million at the prevailing exchange rates as of this writing. Aston will begin delivering the DB4 GTs in summer 2017. It joins the growing field of nostalgic continuations, like the Jaguar XKSS, that pick up where the original lineage left off.