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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.  

Aston Martin trademarks DB10 through DB14

What comes after DB9? That's the big question currently surrounding Aston Martin as the British purveyor of luxury GTs prepares to replace its long-serving core model. And now we may have a clue at what the answer will be. Reports coming in from the UK indicate that Aston Martin Lagonda Ltd. has applied for trademarks on a succession of model names, starting with DB10 and extending all the way up to DB14. That doesn't mean that the DB9's successor will necessarily adopt one of those, however, as word has it that some elements within the company would rather stick with the name DB9 rather than move forward, as the company has traditionally done over the years. Whatever it's ultimately called, the DB9's replacement is expected to be built on Aston's upcoming new platform that will replace the aging VH architecture. We're anticipating that it will also pack the new AMG-sourced turbo V8, and if it does, it could end up replacing both the DB9 and the V8 Vantage. The old DB7 that put the brand back on the map in 1994 and lasted until 2004 was offered with both a 3.2-liter inline-six and the brand's ubiquitous 6.0-liter V12.

First Aston Martin DB4 GT Zagato continuation body completed

Last fall, we reported how Aston Martin was bringing back the DB4 GT Zagato model as a continuation series of 19 cars to celebrate Zagato's 100 years. Building the new classics has begun at Aston's Heritage Division at its Newport Pagnell facility, and the first body has now been completed. Aston Martin says the cars, which are only sold paired with new DBS GT Zagatos, are built using "a blend" of David Brown-era old-world craftsmanship and modern applications. As an example, a digital body buck now exists to help craft the panels, which are hand-formed from 1.2-millimeter-thick aluminum sheets in 1950s style. The adjacent gallery shows the unhurried style in which these very limited-edition, new/old Astons are built, and how a ball-peen hammer is still the tool of choice there. Underneath the aluminum, in a lightweight tubular frame, sits a Tadek Marek-designed 380-horsepower "twin spark" straight-six engine, paired to a four-speed manual gearbox and a limited-slip differential. Power is up about 50hp in comparison to an earlier DB4 continuation model. We only need to take a look at classic Astons to see what the DB4 GT Zagato continuation cars will look like, but the design of the modern DBS GT Zagato counterparts is still to be officially revealed. The DBS Superleggera-based twin-turbo V12 cars were previewed in a set of renderings late last month, and they are expected to come with at least 715 horsepower and 664 lb-ft of torque. The continuation DB4 GT Zagatos will reach owners in the third quarter of 2019, and the DBS GT Zagatos will follow in 2020. The car combos are priced at almost $8 million. Featured Gallery Aston Martin DB4 GT Continuation Build Image Credit: Aston Martin Aston Martin Classics zagato