2006 Aston Martin Vantage 2dr Cpe V8 Manual on 2040-cars

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Bond, junk bond? Aston Martin financial ratings go south as it awaits DBX

Ratings agencies Standard & Poor's and Moody's have taken a dim view of Aston Martin Lagonda. S&P cut its credit rating on the storied carmaker deeper into junk territory this week, and Moody's revised its credit outlook to "negative" after the company raised $150 million in debt from a bond issue at 12% interest, with the option to raise another $100 million at 15%. The Standard & Poor's rating was trimmed by one notch to 'CCC+', which reflects substantial risks and takes it close to default territory after a faster-than-expected cash burn this year. The outlook is negative.  The negative outlook reflects ongoing pressure on profits, a high cash burn, and very high leverage in the face of heightened risks linked to a potential no-deal Brexit and new tariffs on car imports threatened by the United States. The potential salvation for the company is its new DBX luxury SUV, the success of which is critical to its ambitious growth strategy and ongoing creditworthiness, S&P said. But Moody's noted that it's burning cash at a high rate as it nears the launch of the DBX. The British carmaker, known as James Bond's favorite marque, has been hit by falling demand in Europe, the Middle East and Africa. It slumped to a first-half loss in July. Chief Executive Andy Palmer said concerns around Brexit and U.S.-China trade relations were skewing the outlook to the downside, so it was prudent to address investor concerns about its balance sheet. "Taking this debt on — short-term debt — is we think the correct tool to completely remove that thesis that we don't have sufficient liquidity," he told Reuters. "In every substantial and material way, this ensures that we can get through to DBX in spite of what all of those global uncertainties might throw at us." The main tranche comprises notes with an interest rate of 12% due in 2022, while the additional notes could be issued under the same terms if permitted, or could be issued as unsecured notes with an interest rate of 15%, Aston Martin said. Shares of stock in the company, which have had a precipitous fall since they listed in London in October 2018 at 19 pounds, were trading down 5% at 545 pence in early deals. Broker AJ Bell said Aston Martin was known for its high end prices and that situation now also applied to its debt. "These rates are very high and are a major red flag that investors consider the car company to be a high risk entity," it said.

Aston Martin reveals new AMB 001 motorcycle, its first

Aston Martin has taken the wraps off a limited-edition lightweight racing bike called the AMB 001, its first-ever motorcycle, at EICMA in Milan, revealing a sculpted, vaguely retrofuturistic melding of form and function that is the first offering from a new partnership with English bike maker Brough Superior Motorcycles. Featuring a double wishbone front fork, the track-only bike represents a marriage of Aston’s design and Brough SuperiorÂ’s engineering. ItÂ’s inspired by AstonÂ’s current crop of mid-engine sports cars, presented in the brandÂ’s racing colors of Stirling green and lime essence with matte black wheels, forks and brake assemblies mixed in with unadorned carbon fiber. The latter material features on the signature fin, which derives its design from the side strake on Aston cars and which runs atop the bike along the length of the gas tank, under the saddle and out back. Another carryover is the same stainless-steel ultra-light wings that feature on the Valkyrie sitting under the lacquer of the bodywork on the nose and tank. There are also aerodynamic wings attached to the cowl on the front of the bike that harken to the S-curve on the front of an Aston Martin to apply downforce. Carbon fiber figures in the body structure, and titanium and billet aluminum feature elsewhere. The hand-stritched saddle is made of Oxford tan leather. The bike is powered by a V-twin turbocharged engine that makes its first appearance on a Brough Superior bike. It makes 180 horsepower, although thereÂ’s no information offered on top speed. The bikeÂ’s dry weight is just under 397 pounds. Just 100 examples will be built at the Brough Superior plant in Toulouse, France. Starting price is 108,000 euros (about $119,809 at current exchange rates), including a 20% VAT, with first deliveries expected in the fourth quarter of 2020.

2020 Aston Martin DBX Prototype Drive | Sliding into your mentions

OMAN, Persian Gulf — The last time I got an Aston Martin this filthy was 5 years ago in dusty Anza-Borrego, California, where I ripped several illicit burnouts in a low-slung V12 Vantage S. This time around is dramatically different: Chief Engineer Matt Becker, seated alongside me, is actually egging me on to powerslide an Aston Martin DBX across an off-road trail in Oman — the first time IÂ’ve ever been encouraged by Aston brass to hoon one of their vehicles, let alone a priceless prototype, in the dirt. You wouldnÂ’t expect Becker, who spent 26 years at Lotus, to be an SUV guy. But the hardcore chassis and handling guru says the DBX project gave him a new respect for the genre because sport utes need to do far more than just go around a track quickly: TheyÂ’re required to tow, support weight on their roofs, and manage all manner of terrain, all while creating a comfortable living space for their passengers. “Once you push them and understand what they can do off-road, on-road, on-track,” he tells me while IÂ’m tackling a rock-strewn trail at highway speeds, “you really start to respect what theyÂ’re capable of.” Building the DBX will also show us what Aston Martin is capable of — capable of surviving, that is. The new decade is shaping up to be the most challenging yet for the storied carmaker, so bringing a viable sport utility vehicle to market is essential. And though weathering severe business headwinds seems to be an ongoing pastime for Aston Martin, the brandÂ’s first-ever crossover gets a rather ambitious hardware package. The DBXÂ’s bonded aluminum chassis is entirely unique to the model, as is the brandÂ’s first-ever air suspension system. While thereÂ’s no V12 available in the DBX — that honor remains reserved for Rolls-Royce's almighty $325,000 Cullinan — the AMG-sourced, 4.0-liter twin turbo V8, while similar to the mill found in the DB11 and Vantage, has also been coaxed to produce more power: 542 horsepower and 516 pound-feet of torque, capable of launching it to 60 miles per hour in 4.3 seconds and a top speed of 181 mph. But building AstonÂ’s first-ever SUV from the ground up enabled unique packaging opportunities in addition to the specific hardware. For instance, market research revealed female drivers were often frustrated because most cars donÂ’t have a place to stash their purse.