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Aston Martin will make a profit for the first time since 2010

LONDON — Aston Martin is on course to post its first annual pre-tax profit since 2010 as strong demand for the luxury automaker's DB11 sports car boosts its performance. Pre-tax profit reached 22 million pounds ($29 million) in the first nine months of 2017, reversing a loss of 124 million pounds in the same period in 2016, Aston said on Wednesday. "Our strong financial performance and continued profitability reflect the growing appeal of our high-performance sports cars, with the new DB11 Volante and a new Vantage expected to stimulate further demand in the coming year," Chief Executive Andy Palmer said. Asked on Monday whether the firm would be in the black this year, Palmer told Reuters: "It's our intention to be." Aston Martin, which is mainly owned by Kuwaiti and Italian private equity firms, last posted a profit in 2010. Its losses then grew, partly due to lack of new models, a high-profile recall and an extended period without a chief executive. Since Palmer's appointment in 2014, the firm has pursued a turnaround plan designed to boost its model lineup, quadruple volumes and produce its first SUV at a new plant in Wales, setting up a possible stock market flotation. Volumes rose 65 percent to 3,330 cars in the first nine months of the year, prompting the firm to raise its full-year guidance to expect core earnings of at least 180 million pounds on revenue of over 840 million pounds. Third-quarter profit stood at 0.8 million pounds, reflecting a quieter period across the car sector when demand falls as people take holidays and some customers prefer to wait until after the vacation period to have their cars delivered. On Tuesday, the firm launched its new Vantage model, which will take its output to 7,000 sports cars in 2019, its highest level in a decade. Related Video:

Bond stunt driver Jessica Hawkins joins Aston Martin as 'driver ambassador'

LONDON — James Bond movie stunt driver and W Series racer Jessica Hawkins has joined the Aston Martin Formula One team as 'driver ambassador'. The team of four-times world champion Sebastian Vettel and Lance Stroll said in a statement on Wednesday that she will work with partners and "across a variety of disciplines". If somewhat vague on detail, the new job could involve the 26-year-old Briton showing off some of the skills featured in the yet-to-be-released Bond movie 'No Time to Die'. "I enjoy sending cars sideways almost as much as I do racing," she told Reuters. Aston Martin, the fictional British secret agent's car of choice, has played up the Bond connection since returning to Formula One this season in a rebranding of Silverstone-based Racing Point. Their F1 car launch in March was presented online by "Quantum of Solace" actress Gemma Arterton, with Bond actor Daniel Craig delivering a message of support. Hawkins, a former British karting champion, also has racing credentials although far from the level required to obtain a Formula One super-license. The all-female W Series is supporting Formula One and Hawkins follows defending champion Jamie Chadwick, who has a development role with Williams, in forging a connection to an F1 team. Daughter of an air-conditioning fitter, her racing career stalled for lack of cash until the Formula Three-level W Series came along in 2019 with all costs paid. "When I was 10 or 11 I was named the female most likely to make it to Formula One and it never materialized," said Hawkins, who recalled once beating future Red Bull F1 driver Alexander Albon. "I may not have made it... but I'm certainly proud of where I am and the journey I've been on to get to where I am." Related video: F1 training, Ken Block and Pikes Peak | The Autoblog Show Ep 04

Aston Martin to keep the faith with V12, manual transmission

Downsized engines and dual-clutch transmissions may be the way the industry is heading, but Aston Martin is more deeply rooted in the past than most. Which could explain – at least in part – why the British automaker is planning on sticking with V12 engines and manual transmissions for the foreseeable future. After speaking with Aston's new chief executive Andy Palmer at the Geneva Motor Show last week, Car and Driver reports that Gaydon is in no rush to get rid of the building blocks that have made it what it is today. And that means continuing to evolve its VH architecture, twelve-cylinder engine and six-speed manual gearbox. The company is working to develop a new platform and is collaborating on a new twin-turbo V8 with Mercedes-AMG. But those are still several years out, and Aston doesn't plan to wait that long before rolling out new models. Before the new AMG-powered Vantage is ready, C/D reports that Aston will introduce the replacement for the DB9 that will still be based on the VH platform and pack an evolution of the company's ubiquitous and long-serving 6.0-liter V12. "That platform was definitely far ahead of its time," Palmer told C/D. "It should have been described as a modular architecture, like [VW's] MQB or one of the other systems big manufacturers have adopted. We're always making excuses about it being an old platform, but if you were to compare the original VH platform to today's there's an enormous transformation. And it's a great way to build cars in the volumes that we do." The platform and the engine aren't the only old-school technologies Palmer is intent to keep. While Ferrari and Lamborghini do away with the manual altogether, and even Porsche goes PDK-only on the 911 GT3 and GT3 RS, Aston isn't giving up its clutch pedal any time soon. "I would love to be the last car manufacturer providing stick shifts in the U.S.," said Palmer. "That's my hope, we will keep the faith." Of course part of that could come down to Aston not having a dual-clutch transmission to offer, while its antiquated sequential gearbox lags behind the times. But it will likely gain access to Mercedes transmissions along with the engine deal.