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Aston Martin confirms its third mid-engine hypercar

Consider the rumors confirmed. Aston Martin will build a third mid-engine hypercar that's currently codenamed 003, following the Valkyrie (code 001) and track-specific Valkyrie AMR Pro (code 002). Aston Martin says 003 will borrow lots of technology from its forebears, including hybrid electric propulsion and carbon fiber-intensive construction. But there are some significant changes being baked into this third hypercar that will set it apart from the first two. First up, Aston Martin will use a turbocharged engine in 003. Both versions of the Valkyrie used naturally aspirated 6.5-liter V12 powerplants co-developed with Cosworth. We don't have any power specifications for the turbocharged hybrid drivetrain of 003 yet, but we know the Valkyrie's V12 puts out as much as 1,130 horsepower from its gasoline-burning engine and electric motors. We can't say for certain, but we wouldn't bet against Aston pushing that figure further into the stratosphere with the turbo-enhanced unit that will power 003. Aston Martin also promises "active aerodynamics" that provide "outstanding levels of downforce in a road-legal car" to go along with "active suspension systems." Sounds like there's a good chance double-oh-three could be more advanced than its older siblings. That said, Aston says its third mid-engine hypercar is being designed for use on the road in addition to the track, with "more practical concessions to road use, including space for luggage." And all of that has our interest piqued. Something conspicuously absent from Aston Martin's latest hypercar announcement are any mentions of partnerships. Both Valkyrie models were designed with plenty of input from Red Bull Racing and its famous technical director, Adrian Newey. There's also no mention of Mercedes-Benz or its AMG division, from which the British automaker sources its current lineup of V8 engines. How much input will Red Bull have in 003? Will its turbocharged V8 be sourced from Mercedes-AMG? We'll just have to wait and see. What we do know, though, is that the FIA's Hypercar Concept racing series is sounding more interesting by the minute. And, if the sketch above is at all indicative of 003's actual production design, this third hypercar will be quite a bit different from the first two. Project 003 is expected to hit the road late in 2021. Global production will be capped at 500 units. Pricing, naturally, is not yet known, but if you have to ask, well, you know the rest.

2020 Aston Martin DBS GT Zagato launches with 760 horsepower

The 2020 Aston Martin DBS GT Zagato has finally been revealed in real life, following renderings shown this summer. And with the reveal come additional details, such as the fact that it bears the most powerful version of Aston's twin-turbo 5.2-liter V12 at 760 horsepower. That's an increase of 45 horsepower over the DBS Superleggera. That engine is wrapped in some stunning Zagato-designed bodywork. The fluttering multi-piece grille and rear-windowless roof are the big attention getters, but the fine details impress, too. The front and rear Aston badges are made of 18-carat gold. The interior is unique to the Zagato, featuring a new dashboard and center console. The geometric parts shown in the console are 3D-printed and can be produced in carbon fiber, aluminum, or in the case of the Centenary Specification car above, stainless steel with a real gold coating. The seats also are finished in leather and dotted with Zagato Zs. If those special parts aren't special enough, Q by Aston Martin is willing to work with you to make further modifications. Only 19 DBS GT Zagatos will be built, and all of them have to be purchased as a pair with a DB4 Zagato continuation car. Each pair starts at $7.9 million. Everyone that orders up a pair will have the cars delivered by the end of the year.

Aston Martin posts deep quarterly loss as coronavirus pandemic dents sales

LONDON — Aston Martin posted a deep first-quarter loss after sales dropped by nearly a third due to the impact of the coronavirus crisis, though the luxury car maker said production of a crucial sport utility vehicle was on track. Aston Martin, popular for being James Bond's carmaker of choice, suffered a torrid time since it floated in October 2018, seeing its share price tumble from 19 pounds to around 40 pence. Dire conditions forced the company to bring in Canadian billionaire Lawrence Stroll to invest in the firm, while Aston said it will continue to review future funding and refinancing options to boost liquidity. The pandemic hit demand and forced factories around the world to suspend production. However, Aston resumed operations as its Welsh plant last week but not at its other site located in southern England as yet. "We were obviously fairly significantly hit by COVID-19, starting with China in January but more clearly in what we saw as it came across towards Europe and the United States," Chief Executive Andy Palmer told Reuters. The company posted a pre-tax loss of 119 million pounds ($145 million), compared with a loss of 17 million pounds ($21 million) last year, and said it could no longer provide an annual outlook. Its full-year loss in 2019 came in at 104 million pounds. Shares were down 5% at 36 pence, as of 07:35 GMT on Wednesday. The carmaker said production of its DBX SUV, which is key to boost volumes and appeal to new buyers including more women, was on track and had a strong order book. The luxury brand, which has seen core retail sales slump by an annual 31%, has furloughed staff, introduced additional safety measures and cut the pay of its senior management as part of measures to handle the crisis caused by the pandemic. Stroll, who hopes to pursue a turnaround partly by sharing Formula One technology with the firm's range of road cars, leads a consortium that took a 25% stake in the company earlier this year as part of a capital raise worth 536 million pounds. "Given the ongoing uncertainties, as is prudent, the company continues to review all future funding and refinancing options to increase liquidity," the company said on Wednesday.   (Reporting by Costas Pitas; Editing by James Davey and Sherry Jacob-Phillips)