2011 Aston Martin Rapide on 2040-cars

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Aston Martin skids in stock market debut

LONDON — Shares in luxury automaker Aston Martin fell as much as 6.5 percent on their market debut in London on Wednesday as investors and analysts raised concerns over Aston's ability to deliver an ambitious rollout of new models. The company, which last year made its first profit since 2010 and has gone bankrupt seven times, had priced its shares at 19 pounds each, giving it a market capitalization of 4.33 billion pounds ($5.63 billion). The shares fell to as low as 17.75 pounds. Aston Martin has plans to launch a new model every year from 2016 to 2022. "(It) has very aggressive growth plans. The execution of that growth needs to be flawless — nothing eats cash more than a car company when the cycle turns. There is concern that it's more cyclical than the commentary has been," said James Congdon, managing director of cashflow returns specialist Quest. "The banks have done a good job for their client — but there's no bounce." Aston is going all-in Aston Martin — full name Aston Martin Lagonda Global Holdings Plc — expects to produce around 7,100 to 7,300 cars in 2019, and 9,600 to 9,800 cars in 2020. It aims to increase production to 14,000 cars in the medium term, helped by new models and improving its manufacturing process. The company is investing all of its cashflow to try to achieve this, leaving nothing for dividends or paying down debt. "In terms of execution risk — this is what I've done for all of my career. I'm an engineer: we mitigate risk," Chief Executive Andy Palmer, who has led a turnaround plan at the company since 2014, told Reuters. Palmer played down risks to the business from Britain leaving the European Union, even as other car manufacturers step up warnings over a disorderly Brexit. He said Aston Martin was "relatively well insulated" from the effects of Brexit because Europe is not its biggest market and it may actually benefit from exporting with a cheaper pound. However, 60 percent of its parts are imported from the EU and will be hit by tariffs if there is no trade deal. "Obviously we'd all prefer no tariffs to be frank, no doubt, but the industry has to learn to adapt, and it always has adapted to changes," Palmer said. Valuation In 2017, Aston Martin had adjusted earnings before tax interest, depreciation and amortization (EBITDA) of 206.5 million pounds, up from 100.9 million pounds in 2016.

Aston Martin Vulcan revealed with 7.0L V12, more than 800 hp

Herewith, Aston Martin would like you to turn your attentions to its Vulcan – in case the sound it makes or the flames it shoots weren't still on your mind. Those two sensory incitements come from Aston Martin's V12, but one that has been bored out from the usual 5.9 liters to 7.0 liters. We haven't been granted a precise horsepower figure yet, but it's quoted as being more than 800. That heart lies just in front of a carbon fiber monocoque and is wrapped in a carbon fiber body, those bits assembled by company motorsports partner Multimatic – the same Canada-based Multimatic that will be fashioning the body for the coming Ford GT. This is an FIA-approved treat for the track only, so it's got a pushrod suspension with adjustable dampers and anti-roll bars, a six-speed sequential transmission, carbon ceramic discs and adjustable anti-lock brakes with Brembo calipers, and adjustable traction control. The 19-inch wheels in back rest on 345-section Michelin tires. The bad news: there will only be 24 of them, so if you want one you should get on the phone this instant. If you can get your name added to the list, you might also wish to sign up for the racing development program offered with it. Factory pilot Darren Turner, he with two GT1 class win for Aston Martin Racing in 2007 and 2008, will "support owners on their learning journey" as they are coached at tracks around the world. Vulcan owners will get classroom lessons on top of practical instruction in wares including the V12 Vantage S and One-77 as they work their way up to getting the most out of their Vulcan. On top of that, they can book time in Turner's Base Performance Simulators for virtual driving time. Or for the money all of this is sure to cost, they could just have a simulator installed in one of their Mediterranean lake homes. For the rest of us, the Vulcan contains design cues we'll see in future Aston Martins. We could know more about that, and its specs, when it's unveiled next week at the Geneva Motor Show. There's a press release below for now. ON TRACK FOR GLORY: ASTON MARTIN VULCAN PREPARES FOR TAKE-OFF - Geneva global reveal for limited edition, track-only, 7.0-litre V12 supercar - Motorsport-developed technology for extreme on-track performance - Expert tuition, technical support and experience programme for owners 25 February 2015, Gaydon: Introducing the Aston Martin Vulcan – a track-only supercar and the British luxury brand's most intense and exhilarating creation to date.

Aston Martin says its fleet will go all-hybrid

British luxury carmaker Aston Martin says it plans to convert its entire six-car lineup to hybrid powertrains, with CEO Dr. Andy Palmer telling the Financial Times (subscription required), "We will be 100 per cent hybrid by the middle of the 2020s" and that 25 percent of all Aston Martins will be fully electric "by the end of the next decade." In June, the company announced it will produce the RapidE, its first all-electric car, in 2019, with a limited production run of 155 cars. The Rapide S, the model it's ostensibly based on, starts around $204,000. "RapidE represents a sustainable future in which Aston Martin's values of seductive style and supreme performance don't merely co-exist alongside a new zero-emission powertrain, but are enhanced by it," Palmer said in the statement. "The internal combustion engine has been at the heart of Aston Martin for more than a century, and will continue to be for years to come. RapidE will showcase Aston Martin's vision, desire and capability to successfully embrace radical change, delivering a new breed of car that stays true to our ethos and delights our customers." Palmer also told FT that while the company plans to source battery cells from overseas, it will develop its electric systems in-house. It is working with Williams Advanced Engineering in England on EV systems integrations for the RapidE. Aston is just the latest of a long line of automakers to announce electrification plans. Notably, Volvo recently announced that it would add some form of electrification to its entire fleet by 2019. Related Video: