2007 Aston Martin Vantage 6spd Manual on 2040-cars

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Aston Martin posts deep quarterly loss as coronavirus pandemic dents sales

LONDON — Aston Martin posted a deep first-quarter loss after sales dropped by nearly a third due to the impact of the coronavirus crisis, though the luxury car maker said production of a crucial sport utility vehicle was on track. Aston Martin, popular for being James Bond's carmaker of choice, suffered a torrid time since it floated in October 2018, seeing its share price tumble from 19 pounds to around 40 pence. Dire conditions forced the company to bring in Canadian billionaire Lawrence Stroll to invest in the firm, while Aston said it will continue to review future funding and refinancing options to boost liquidity. The pandemic hit demand and forced factories around the world to suspend production. However, Aston resumed operations as its Welsh plant last week but not at its other site located in southern England as yet. "We were obviously fairly significantly hit by COVID-19, starting with China in January but more clearly in what we saw as it came across towards Europe and the United States," Chief Executive Andy Palmer told Reuters. The company posted a pre-tax loss of 119 million pounds ($145 million), compared with a loss of 17 million pounds ($21 million) last year, and said it could no longer provide an annual outlook. Its full-year loss in 2019 came in at 104 million pounds. Shares were down 5% at 36 pence, as of 07:35 GMT on Wednesday. The carmaker said production of its DBX SUV, which is key to boost volumes and appeal to new buyers including more women, was on track and had a strong order book. The luxury brand, which has seen core retail sales slump by an annual 31%, has furloughed staff, introduced additional safety measures and cut the pay of its senior management as part of measures to handle the crisis caused by the pandemic. Stroll, who hopes to pursue a turnaround partly by sharing Formula One technology with the firm's range of road cars, leads a consortium that took a 25% stake in the company earlier this year as part of a capital raise worth 536 million pounds. "Given the ongoing uncertainties, as is prudent, the company continues to review all future funding and refinancing options to increase liquidity," the company said on Wednesday.   (Reporting by Costas Pitas; Editing by James Davey and Sherry Jacob-Phillips)

Aston Martin DBS GT Zagato previewed in renderings

Last fall, Aston Martin and Zagato announced that they would be building special continuation versions of the DB4 GT Zagato to celebrate the Italian design house's 100th anniversary. But the two companies wouldn't stop there, as each DB4 would come with an yet-to-be-revealed DBS variant. Now the companies have released detailed renderings and information about what is officially called the Aston Martin DBS GT Zagato. The car will be based on the hottest DB11 model, the DBS Superleggera. That means it should have a twin-turbo V12 making at least 715 horsepower and 664 pound-feet of torque with all of that going to the rear wheels through an eight-speed automatic. Outside of the bones, the DBS GT Zagato will have a thoroughly revised exterior. As shown in the photos, the front grille is one piece and is more reminiscent of what's found on the smaller Aston Martin Vantage. An exaggerated double-bubble roof is a highlight, and it stretches out to the pointy tip of the tail. The hood echoes the double bubble in its center. The taillights have an afterburner shape that Zagato has favored lately. Neither Aston nor Zagato has said when we'll see the actual car, but we expect it will be shown sometime this year. Buyers will start getting their DBS GT Zagatos at the end of 2020, a year after their DB4 GT Zagato continuation cars are delivered. As a reminder, the price for each of the 19 pairs of cars is 6 million pounds, or $7.93 million at current exchange rates and before taxes.

Aston Martin Valkyrie begins production in dashing green dress

A new era of hypercars is officially born today, as the first production Aston Martin Valkyrie rolls off the line. That’s right, the Valkyrie is officially starting its extremely limited production. The Valkyrie entering production now also means that Aston Martin has beaten Mercedes and its competing hypercar, the AMG One, to production — both cars saw their "debuts" in 2017. Last we heard from Mercedes on that front, the AMG One was still undergoing testing. Updated timing on the carÂ’s production release was not detailed in this announcement that took place over a year ago. Perhaps those who ordered the AMG One have more insight on when their specific cars will be built, but for now, the production car is still floating out there in the ether. Meanwhile, Aston Martin says the first Valkyrie, pictured in green here, is awaiting delivery. Aston does not say who the first owner is or detail the spec of the car, but we applaud the dark green paint chosen. “It is an immensely proud moment for us to complete our first ever hypercar,” Aston Martin CEO, Tobias Moers said. “The Aston Martin Valkyrie program has tested everyone who has worked on it to the limit but the commitment to the dream has produced a truly incredible car, an F1 car for the road.” Production for the Valkyrie is taking place in a special Valkyrie-only area of AstonÂ’s Gaydon headquarters. A small team of technicians spend over 2,000 hours total to build each car, and there will be 150 total Valkyries produced. If you want to know all the nitty gritty details of AstonÂ’s hypercar, make sure to check it out in our previous Valkyrie coverage. And enjoy the sound of its Cosworth V12, too. ItÂ’s downright magical to hear. Related video: