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Aston Martin stock price shaken and stirred by latest weak outlook

Aston Martin warned its 2019 profits would almost be cut in half due to weak European markets, sending its shares sharply lower as rivals Bentley and Rolls-Royce powered ahead. Tuesday's downgrade is the latest from the British luxury carmaker, whose shares have now plunged about three quarters in value since their 2018 listing. The 107-year-old firm, famed for being fictional agent James Bond's brand of choice, cut its forecast for wholesale volumes and profit margins in July, and reduced its volume forecast again in November. It has blamed weak UK and European markets and subdued demand for its Vantage model and said on Tuesday those conditions continued through December, leading to a 7% drop in wholesale volumes for 2019. "From a trading perspective, 2019 has been a very disappointing year," Chief Executive Officer Andy Palmer said, as the company's shares plunged as much as 16%. While Aston spent 2019 ploughing money into a new factory to build its first SUV, the highly lucrative market a number of carmakers have entered, rivals such as BMW-owned Rolls-Royce and Volkswagen-owned Bentley appear one step ahead. Bentley on Tuesday said its Bentayga SUV boosted the brand's performance in 2019 as it returned to profitability, while Rolls-Royce's Cullinan helped drive a 25% increase in sales to an all-time high of 5,152 vehicles. "Cullinan has proven to be an outstanding hot seller for the brand," Chief Executive Torsten Mueller-Oetvoes told Reuters. "We are sitting now on an order bank reaching even far into 2020." Aston hopes its first SUV, the DBX, will emulate this success and revive its fortunes next year. About 1,800 orders have been booked since its launch in November, the company said. "The order rate is materially better than any other car that we have ever launched before," Palmer told Reuters. For 2019, Aston expects adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of 130-140 million pounds ($171 million to $184 million). The company reported 247.3 million pounds in core profit a year earlier, while analysts' average forecast was 196 million pounds for 2019, according to a company-compiled consensus. Aston said it was also in talks with investors for a potential equity investment and would draw down $100 million in bond notes. Its shares, which have lost nearly 3 billion pounds in market value since their listing, were down 11.1% to 464.8 pence at 1136 GMT.  

The Aston Martin Vantage Red Bull Racing Edition doesn't have an F1 engine but still looks sweet

The Aston Martin Vantage could rival the Jeep Wrangler when it comes to the number of variants and special editions it has spawned. The latest version of Aston's smaller sports car is the Red Bull Racing Edition, inspired by Aston Martin's partnership with the Formula 1 team of the same name. The appearance package is fitted by Aston Martin's Q division and is available on both the V8 Vantage and V12 Vantage S models starting this spring, just after the 2017 F1 season gets underway. Aside from the cylinder count, a customer's only option is deciding which one of three colors (gloss or matte Mariana Blue or gloss Tungsten Silver) with either red or yellow lipstick, brake calipers, and side strake accents. In addition, the unpainted portions of the grille, splitter, diffuser, and side strakes are all bare carbon fiber. Inside, the black seats come with contrasting red stitching and the Red Bull Racing logo embroidered on the headrests. The door sill and inspection plaques can be signed by either Red Bull Racing driver Daniel Ricciardo or Max Verstappen. Tough choice. While there are no mechanical upgrades like a hybrid turbocharged V6 or a movable rear wing to really tie the car in with its F1 counterpart, it is one of the better special editions available. The car will be powered by either a 430-horsepower 4.7-liter V8 or a 565-horsepower 5.9-liter V12. Aston hasn't announced pricing or US availability, but based on the popularity of Formula 1 in the States, don't expect to see too many of these on the road. Related Video: Featured Gallery Aston Martin V8 and V12 Vantage S Red Bull Racing View 21 Photos News Source: Aston Martin Design/Style Marketing/Advertising Aston Martin Coupe Racing Vehicles Performance Red Bull Racing aston martin v8 vantage aston martin v12 vantage aston martin vantage aston martin v12 vantage s

Aston Martin rules out going downmarket

When Aston Martin sat alongside Jaguar under the Ford umbrella, the two had to be careful not to step on each other's toes. That kept the top end of Jaguar's sports and GT lineup at bay, and in the years since they parted company, Jaguar has steadily moved up-market with new versions of the XK and now with the new F-Type. But does that mean Aston Martin will in turn start offering cheaper models? "No, not at this stage," Aston's US chief Julian Jenkins told AutoGuide.com. "If there is an opportunity that we can sit comfortably within we will go after it." But for the time being, the V8 Vantage will remain the brand's entry-level model, coming in just under the $100K mark in base Vantage GT trim. Enthusiasts will remember the Cygnet, a version of the Toyota/Scion iQ which Aston reskinned and sold to customers looking for a more compact, economical mode of transportation without skimping on luxury. But that model never made it to North America, and lasted only a few years before being discontinued in 2013. More recently, Aston branched into the four-door market, first with the Rapide and now with the Lagonda Taraf. The Lagonda Taraf is a four-door luxury sedan initially launched in the Persian Gulf, but under consideration for additional markets. The company has been on and off the fence regarding launching a crossover SUV like the Lagonda concept it showcased at the 2009 Geneva auto show to lukewarm reception. If Aston were to proceed with such plans, it would be up against the likes of the upcoming Jaguar F-Pace, Bentley Bentayga and Maserati Levante.