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Aston Martin speeds ahead with October IPO worth perhaps $6.7 billion

Thu, Sep 20 2018

LONDON — Luxury British carmaker Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its stock market flotation and has taken steps to prepare for any eventuality over Brexit, it said on Thursday. The company, famed for making the sports car driven by fictional secret agent James Bond, said last month it was pursuing an initial public offering (IPO), the first British carmaker to do so for decades. The automaker will publish a prospectus later on Thursday and hopes to announce its final pricing on or around Oct. 3. It expects its shares to be admitted to the London Stock Exchange on or around Oct. 8. Carmakers have warned about the impact of any customs checks introduced as a result of a no deal or hard Brexit which could slow down production and add costs when Britain leaves the bloc in March 2019. The boss of Aston, which builds all its cars in Britain, said the company had boosted its stock of engines and components in case free and unfettered trade with the European Union ends in a few months' time. "We're up to five days of engine stock for example and we've got a very large warehouse in Wellesbourne (in central England) where we have at least five days of car stock," Chief Executive Andy Palmer told Reuters, an increase from the previous three days' worth of components held by the firm. "If there are tariffs ... for every car we lose because of a 10 percent tariff into Europe, we presumably pick up from Ferrari and Lamborghini in the other direction because obviously their cars become more expensive in the UK," he said. London and Brussels hope to conclude a Brexit agreement by the end of the year, but fellow carmakers such as BMW and Jaguar Land Rover (JLR) are worried that failure to agree could lead to snarl-ups at motorways and ports, disrupting production. JLR boss Ralf Speth warned last week that the wrong Brexit deal could cost tens of thousands of car jobs and risk production at the firm, Britain's biggest carmaker. Aston, which has set a price range of 17.50 pounds to 22.50 pounds per share for the 25 percent of stock it is floating, is targeting a market capitalization of between 4.02 and 5.07 billion pounds. The carmaker, which has long said it could pursue a listing, has undergone a turnaround plan since Palmer took over in 2014 as it boosts its volumes and expands into new segments with a new factory due to open in 2019.

Aston Martin confirms its third mid-engine hypercar

Thu, Sep 20 2018

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.

Aston Martin and Zagato will offer $7.9M limited edition sold only in pairs

Wed, Sep 19 2018

Aston Martin and Zagato are planning to collaborate for a limited production run of a couple of incredible cars it's calling the DBZ Centenary Collection. There will be 19 DB4 GT Zagato Continuation cars and 19 DBS GT Zagatos made. These cars are only to be sold as pairs, meaning you get one DB4 and one DBS (based on the 2019 DBS Superleggera) when you buy. So why are Aston and Zagato doing this? Well, Zagato reaches its 100th anniversary in 2019, so a celebration is clearly in order. Aston Martin and Zagato have quite the storied recent and not-so-recent past. You might remember that Aston unleashed 25 DB4 GT Continuation cars sans Zagato earlier this year. The idea is the same here, but Zagato gets included on this project. Back in 1960, Aston Martin and Zagato had planned to make a 25-car run of Zagato-bodied DB4s. When demand wasn't high enough, it was cut off at 19, which explains why it's making 19 cars today as well. Aston and Zagato created those DB4s to race against others like Ferrari in the '60s, and the Continuation DB4 Zagato will be sold as a race car as well. Set to be built at Aston Martin Works in Newport Pagnell, England, the goal is to make the new car resemble the old as accurately as possible. At the same time, Aston is benefiting from modern engineering to make the car even better looking. So while it still uses a tubular frame and thin-gauge aluminum body panels, Aston also uses digital scanning technology to ensure the bodywork is absolutely perfect in fitment and consistency. Looking at the mechanical side of things, we've got an inline-six engine that makes 380 horsepower hooked up to a four-speed manual transmission and a limited-slip differential. That's significantly more power than the 331 hp DB4 Continuation that Aston made before. The commitment to looking and feeling the part is there, but we really wonder how the driving experience differs from that of a Zagato from the '60s. That's only the first half of the pair. Wealthy owners will also receive a DBS GT Zagato. It's unclear exactly what that car will look like just yet, because Aston has only provided us with what looks like a rough design sketch. It says we'll see a fresh take on the "double-bubble" roof, new grille and a truncated tail to differentiate it from the run-of-the-mill DBS Superleggera. As a reminder, the DBS Superleggera has a 5.2-liter turbocharged V12 that makes 715 horsepower and 664 pound-feet of torque.

Lotus Esprit S1 gets wet and wild in 'Forza Horizon 4' James Bond trailer

Tue, Sep 18 2018

It only makes sense. When the official trailer for Forza Horizon 4 ( FH4) first debuted at E3, details showed the game is set in Britain. Those who were ahead of the curve might have recognized this as a foreshadowing of sorts. Celebrating the launch of FH4's XBOX One and Windows 10 demo on Sept. 12, Playground Games announced that the next version of the beloved racing simulator will launch with an available Best of Bond pack that includes many of James Bond's storied rides. As expected, the list is heavy on the Aston Martin, but there are plenty of other goodies, too. Included in the 10-car pack are the 1964 Aston Martin DB5, a 1969 Aston Martin DBS, a 1986 Aston Martin V8, a 2008 Aston Martin DBS, a 2015 Aston Martin DB10, a 1974 AMC Hornet X Hatchback, a 1977 Lotus Esprit S1, a 1981 Citroen 2CV6, a 1999 BMW Z8, and a 2010 Jaguar C-X75. If you can name every movie that all of these vehicles are from, pat yourself on the back and grab a martini. View 15 Photos Microsoft is rewarding those who are all-in on FH4. The Best of Bond pack will come with the Ultimate Edition of the game that is allowed an early play date, starting Sept. 28. For those who haven't fully committed, the Best of Bond pack will be available as an add-on for purchase when the game launches globally on Oct. 2. The action-packed trailer shows many of the vehicles transforming or busting out tricks they're known for from the films, including the Lotus emerging from the sea. Although players will not be able to drive any vehicles under water (that we know of), several of the gadgets will make it into the game and will be viewable during Forzavista mode. The '64 DB5 has many of its features, such as the bumper rams and revolving license plate, while the Lotus will have an available body kit, fins and all. The Bond pack also comes with a few features irrelevant to the cars, including two Bond outfits and six "quick chat" phrases that can be used during multiplayer. The pack adds to an already impressive catalogue of vehicles that includes more than 450 different rides. Available now to pre-order, the FH4 Ultimate Edition is priced at $99.99, the Deluxe Edition is $79.99, while the base game is $59.99. For those who love Bond but don't own a gaming system, don't forget about the recently announced DB5 Lego kit.

Aston Martin announces Rapide E as its first all-electric model

Wed, Sep 12 2018

Aston Martin has announced official specifications for its first battery-electric model, which will be the Rapide E. Developed together with Williams Advanced Engineering, the 2019 Rapide E will have two electric motors good for a total of 610 horsepower and 700 pound-feet of torque. The Rapide E four-door, which will be produced in a limited run of 155 units, will be good for 155 mph. Its WLTP range target is said to be over 200 miles, and an hour of charging is good for 185 miles, using a regular 400-volt 50kW charger. Aston says the car's 800V battery system can also be charged with a 100kW+ charger at a rate of over 5 miles per minute. The electric powertrain is where the Rapide S's six-liter V12, gearbox and fuel tank would normally reside, to keep weight distribution in check; using composite materials and lightweight alloys, Aston has been able to meet the Rapide E's weight targets. To beat the aerodynamics of the Rapide S and to make it as silent as possible, both the car's exterior and underbody have been given a makeover from an EV development viewpoint and the low-rolling-resistance Pirelli P-Zero tires even feature noise-canceling foam inside them. As Aston is still in the business of making sports cars, the Rapide E's performance must be up to par: It reaches 60 mph in less than 4 seconds, and the 50-70 mph overtaking time is just 1.5 seconds. Aston says these figures can also be reached with a battery that is less than fully charged – the target is for "maximum performance on-demand throughout majority of the battery state of charge window," to put it succinctly. Aston's benchmark is that the Rapide E is capable of a full Nurburgring lap without any derating of the battery, with the electric version able to give a hassle-free performance expected of an internal combustion car. Perhaps that is a veiled reference to Teslas that have experienced overheating problems in track use. Aston Martin also states that it has strived to keep the Rapide E feeling like an Aston Martin, especially compared to the V12-engined Rapide S sibling. For Aston, this has meant chassis and electric powertrain tuning to retain the Rapide S's handling characteristics and "feel," including using a limited-slip differential through which the twin electric motors deliver their power — and keeping an eye on the springs, dampers and software integration to keep the car from feeling ponderous or clunky.

Aston Martin close to IPO on the London Stock Exchange

Wed, Aug 29 2018

According to a report from Sky News, Aston Martin is close to announcing plans to go public with an IPO on the London Stock Exchange. A listing on the New York Stock Exchange has also reportedly been considered. In December of last year, news broke that the company's owners had hired financial advisory firm Lazard to prepare for a potential offering. The report suggests that the British automaker is looking at an offering of $1.29 billion (GBP1 billion) in shares and an overall company valuation of around $6.44 billion (GBP5 billion). An Intention To Float statement could be filed as early as next week, says Sky. Last year was good for Aston Martin, with a total of 5,117 vehicles sold globally, a 58 percent jump from 2016. The company reported pre-tax profits of nearly $112 million (GBP87 million) in 2017. And it is working on a flurry of new products such as the Valkyrie supercar, an upcoming SUV, the new DBS Superleggera (shown above), and even an ultra-exclusive, real-life James Bond gadget-laden DB5. As of right now, Aston Martin's largest investors are I taly's Investindustrial and Kuwait's Investment Dar. Daimler also holds a sizable stake. Aston said it had filed a registration document with Britain's Financial Conduct Authority, a requirement for firms considering an IPO, at a time when the likes of Tesla boss Elon Musk have slammed the additional pressures of being listed. Pending a final decision from the FCA, a prospectus will be published on or around Sept. 20 as the maker of sports cars that can cost hundreds of thousands of pounds hopes to tap into global demand from wealthy buyers who want a slice of the high-end brand. The carmaker hopes to complete the flotation this year, the same target that British Prime Minister Theresa May is working towards to agree a deal for leaving the European Union. Aston sells roughly 25 percent of its cars to the EU and operates its only plant in Gaydon, central England, with a second one due to begin operations in Wales in 2019. "We can demonstrate that Brexit is not a major effect for us," Chief Executive Andy Palmer told Reuters. "If there is a tariff into Europe, it's countered by a tariff into the UK for our competitors so you might lose a little bit of market share in the EU but you pick it up in the UK," he said. Niche carmakers such as Aston and McLaren are more concerned about customs checks than tariffs as they believe many of their buyers can absorb a price hike.

Cosworth briefly crows that Aston Valkyrie's 6.5L V12 has record horsepower

Wed, Aug 22 2018

It's only natural that Cosworth would want the world to know that it's building the world's most powerful naturally-aspirated engine for the Aston Martin Valkyrie and Valkyrie AMR Pro. The timing of when the world should know about it, that's at issue. Yesterday the English engine maker's official Twitter account posted a picture of the barely-there coupe and the line, "We're famous for breaking records and our latest engine, the Aston Martin Valkyrie 6.5-litre V12, will be the world's most powerful naturally aspirated road engine with 1,130bhp." Two tags accompanied the post, #Cosworth and #AstonMartinValkyrie. About 90 minutes later, the tweet disappeared. The likely issue is that Cosworth got ahead of Aston Martin's official confirmation of Valkyrie outputs, something we're more used to from patent offices and Chinese model makers. The question is what output is Cosworth really talking about, and which car. All of last year, however, various reports had the street-legal Valkyrie making 1,130 hp. A Road & Track report attributed "nearly 1,000 hp" coming from the NA V12, the remaining 130 from a kinetic energy recovery system working the front axle. Hence, we're not sure if Cosworth's talking about its own engine alone at 1,130 hp, or its engine with the KERS. But then there's this: At the launch of the Valkyrie AMR Pro during the Geneva Motor Show this year, Aston Martin said the track-only Valkyrie AMR Pro would enjoy "a combined power output of more than 1100 bhp — more than the Valkyrie road car and a figure than comfortably exceeds the magic 1:1 power-to-weight ratio." The truth's a mystery for now, which is just as Aston Martin would want it. If Cosworth's engine really does make 1,130 hp on its own, that would be monstrous, and it would mean the automaker's been playing a serious game of English understatement. Even if Cosworth included the hybrid help, however, an NA V12 with 1,000 ponies would take the crown. The only competition is the 6.5-liter V12 in the Ferrari 812 Superfast, and that's 211 horses adrift. The quad-digit figures expected from Mercedes-AMG Project One and McLaren Speedtail require turbochargers, as does the just-teased V8 going into the Shelby Tuatara. With the first of 150 Valkyrie road car deliveries scheduled for next year, we probably don't have that much longer to wait to find out. Related Video:

Why yes, my $3.6 million would go to a new 007 Aston Martin DB5

Tue, Aug 21 2018

Funniest damn thing happened today. Turns out my grandfather invested in what he thought was a fruit company in the early 1980s, and 35 years later, we just discovered the Riswicks are all now multi-millionaires. That farmer Jobs guy really knew his orchard. So, what to do with my $3.6 million share. What's that you say? Aston Martin has announced it will be producing 28 new "continuation" 1964 DB5's, all in Silver Birch, and all packing vintage Q Brand gadgets from Goldfinger? Oh, well all of the money will be going to that, then. Now, Mr. Okulski over at the Road & Track would argue that the continuation James Bond DB5 has "killed nostalgia." He says that "it feels wrong," that Aston Martin is doing too much good stuff at the moment to resort to such nostalgia plays. Especially when you cannot drive the continuation DB5 on the road. That's right, every one of them is not road legal. In this country, or any other that you'd realistically want to drive a DB5. I reached out to Aston Martin to confirm why this is, and indeed, governments the world over frown upon any vehicle that possesses spinning tire shredders that extend out from the wheel hubs. Not to mention oil slicks, rotating number plates and the rest of the gadgets to be installed over the course of the estimated 3,000-hour build by the team headed by current Bond special effect guru Chris Corbould. Hmm, no kidding. Even without the guns and ejector seat, trying to make it road legal would be completely and unrealistically complex. In other words, if a DB5 with all the gadgets is to exist, it can't drive on public roads. And if you want a "new" 1964 DB5, don't you automatically want it in Silver Birch and packed with James Bond gadgets? Yes, you damn well do. I know this, because if I could outfit my BMW Z3 in Atlanta Blue with stinger missiles, a parachute and "all-points radar," I damn well would. I absolutely, 100 percent own my car because of nostalgia for GoldenEye, and I won't apologize for it. The Tina Turner theme song is cued up on the iPod. And yeah, I'd buy one of these, too. Now, I must admit that the DB5's road illegality is lame. But let's dig deeper. First, let's face the fact that most multimillion-dollar collector cars are driven less than the potted plants in my living room. They could all be road illegal and it wouldn't matter. If they're lucky, they're trailered to a golf course somewhere and driven slowly around the 18th fairway by a man in a jaunty hat.

Aston Martin Vantage vs. Mercedes-AMG GT C Review | Translating German into English

Mon, Aug 20 2018

GROssBRITANNIEN — No car matches the new Aston Martin Vantage as closely as the Mercedes-AMG GT, the two sharing both their 4.0-liter twin-turbocharged V8 and electrical architecture while competing for the same market niche. So, of the many challenges Aston Martin faced when developing it, ensuring that the Vantage had a unique identity must have weighed more heavily than any other. The added spice to this confrontation is the GT's status as halo model for AMG. Meanwhile, Aston Martin's brand identity, built on the sharp-suited machismo embodied by a certain big-screen spy, is a make-or-break issue for the company. The identity problem has fascinated me since the AMG deal was first announce in 2013. So exploring the Vantage on British roads with the GT literally filling the mirrors is a big deal. Now, finally, we have directly competing products with which to explore the theory. And there's much to like in both, not least of which is that common powerhouse of an engine. While they don't share a platform, both use the classic front-engine, rear-drive, transaxle layout, with traditional driving manners to match. Some quick number-crunching as an appetizer: The AMG GT C you see here has the dry-sumped M178 derivative of the V8, with 550 horsepower and 501 pound-feet of torque, driving the rear wheels through a transaxle-mounted, seven-speed dual-clutch transmission and fully active electronic locking differential. It's 179 inches long, weighs 3,748 pounds and will clear 0-60 mph in 3.6 seconds en route to 197 mph. The Vantage has the wet-sumped M177 version of the same engine, as featured in countless AMGs and shared with the DB11 V8. It makes 503 hp, 505 lb-ft and drives the rear wheels through a transaxle-mounted, eight-speed automatic gearbox and fully active electronic locking differential. Sounding familiar? It's comparable in overall length but a couple of inches longer in wheelbase, and weighs pretty much the same as the GT C, give or take a few pounds. It hits 60 in 3.5 seconds and tops out at 195 mph. Both have adaptive dampers and a variety of driver modes, both are built from aluminum and both are at the sportier end of the GT spectrum. The two U.K.-market cars you see here cost just more than $180,000 with options. Pretty darned close, then. Numbers are one thing.

Aston Martin building 28 Goldfinger DB5 reproductions — complete with gadgets

Mon, Aug 20 2018

The Lego iteration of the 1964 Aston Martin DB5 featured in the James Bond movie "Goldfinger" is a pretty cool toy for any Bond fan, what with its full suite of movie gadgetry. But for the well-heeled 007 fan, Aston Martin has something even more special in store. The car company announced that it will build a grand total of 28 full-size reproductions of the famous movie sports car. It won't simply be a DB5 in the correct color, either. The company is teaming up with the special effects supervisor from the most recent James Bond films, a man who, according to IMDb, has been working on Bond movies at some level since " The Spy Who Loved Me" and was the special-effects supervisor on the the Christopher Nolan Batman trilogy and the two latest numbered installments of the " Star Wars" series, to build the cars with "functioning gadgets such as revolving number plates and more." The "and more" part has us particularly intrigued. We imagine the tracking computer and bulletproof shield are simple enough. But the hideaway machine guns and ejector seat might be tricky. Regardless, you won't be able to deploy any of the gadgets on public roads, as Aston Martin explicitly states the cars won't be street legal. We're sure that won't keep Aston from finding buyers for these dream DB5s. The price tag probably won't deter serious buyers, either. The company says each car will sell for 2,750,000 pounds, which comes to $3,510,000 at current exchange rates. Of the 28 cars, 25 will be sold directly to customers. The remaining three will include one for Aston Martin, one for EON Productions, the company that produces Bond movies, and one that will auctioned for charity. Aston estimates the first cars will be delivered in 2020. Related Video: Featured Gallery James Bond's 1964 Aston Martin DB5 View 61 Photos News Source: Aston Martin, IMDbImage Credit: RM Auctions / RM Sotheby's TV/Movies Aston Martin Coupe Special and Limited Editions Classics aston martin db5