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Aston Martin seeks ‘big brother’ despite first profit in years, IPO talk

Aston Martin just reported that it earned $121 million (or GBP87 million) in 2017, its first profit in eight years, and it's preparing for a possible initial public offering, eyeing a valuation as high as $6.95 billion (GBP5 billion). It has a strategy to begin converting its fleet to hybrid and electric powertrains. Nevertheless, the low-volume British luxury marque says it needs a helping hand to survive the wave of autonomous driving technology sweeping the automotive industry. CEO Andy Palmer tells Bloomberg it's looking for a "big brother" partner to help it with the billions of dollars in capital requirements posed by the dawn of driverless cars. "We are making a new kind of company, a company that can survive on 7,000 to 14,000 very highly priced, very profitable cars a year, but it can survive because of its partnerships," Palmer told Bloomberg TV. "It can be very profitable on that 7,000 to 14,000 cars a year but only by having a big brother that can help it out." Palmer said Aston Martin already has a partnership with Daimler AG, which owns a 5-percent stake in the company, to develop autonomous capabilities, but more help is needed. One assumes he is envious of competitors like Rolls-Royce and Bentley, which benefit from the corporate parentage and financial resources of BMW and Volkswagen, respectively. Sales grew 48 percent in 2017 to nearly 5,100 units, Aston's highest sales volume in nine years, on the strength of the DB11 sports car, which starts at $211,995. It was enough for Palmer to proclaim in a release, "The financial turnaround of Aston Martin is now complete." While it shops around for a sugar daddy, Aston Martin is busy building a new factory in Wales, set to open in 2019. It has launched new models like the DB11 Volante and Vantage, plus the limited-production DB4 GT Continuation model. Further out, the company is building 155 examples of its first electric car, the RapidE, due in 2019, and it's developing an electric version of the DBX crossover, also for 2019. Palmer has said Aston Martin will offer all six of its vehicles in hybrid variants by 2025, with 25 percent of its vehicles to be fully electric by the end of the 2020s. Related Video: Image Credit: Aston Martin Aston Martin Autonomous Vehicles Electric Luxury aston martin rapide aston martin vantage aston martin db11 aston martin dbx aston martin db11 volante

Say hello to the Aston Martin 'On Her Majesty’s Secret Service' DBS Superleggera

There's the fact that the Aston Martin DBS Superleggera has become the carmaker's most popular canvas for special editions of late. There's the fact that Aston Martin has a longstanding relationship with the production company behind the James Bond film franchise. And there's the fact that Aston Martin is working with the Bond franchise at the moment, with the Rapide E and who knows how many other Warwickshire products to star and cameo in Bond 25. And that's how we arrive at the fact of the Aston Martin "On Her Majesty's Secret Service" DBS Superleggera, which celebrates the sixth film in the franchise. From now on we'll call this coupe the OHMSS DBS Superleggera, which, when pronounced "Oh Ms. DBS," is a wonderful acronym. We didn't make that up, either — the first five letters are etched onto the strakes on the front fenders. In 1969, George Lazenby as James Bond drove an olive 1969 DBS in the film. This being a turbulent time for the franchise, the car had no gadgets and didn't appear in any action scenes. The best it could do for fighting was a 4.0-liter inline six cylinder with either 282 horsepower or 325 hp depending on whether it had the SU or more potent Weber carburetors. Now that we live in an era of all-action-all-the-time, the DBS Superlegerra celebrates the film's semicentennial with a 712-hp, 5.2-liter twin-turbo V12. Olive paint dresses up the carbon fiber bodywork and the cantrails and roof that are usually black. The hue gets contrasted by a six-bar horizontal grille and a delightfully ornate set of diamond-turned wheels. The interior is wrapped in Pure Black leather set off with Alcantara in the same kind of gray blend found in the 1969 DBS. The seats get outlined in red piping, matching the red-trimmed glovebox in the movie where Bond retrieved his disassembled Armalite AR-7 rifle and telescopic sight. If a buyer wishes, he can order a custom black drinks case for the trunk, designed to fit two bottles of bubbly and four flutes. Aston Martin will make 50 examples of the Oh Ms. DBS priced at GBP300,000 (about $380,000). That's around $72,000 more than the standard GT, and we'd recommend splurging on bulletproof rear glass for the new DBS, too. That will still be an easier bullet to take than the track-only, GBP2.75 million Aston Martin Goldfinger DB5 Continuation Gadget.

Vanquish 60th anniversary model has knobs made from classic Aston Martins

To celebrate 60 years at Newport Pagnell, Aston Martin Works is producing six different takes on the Aston Martin Vanquish in conjunction with personalization arm Q by Aston Martin, each themed to one of the previous six decades. The collectibles will come in coupe and convertible forms and wear exterior features that immediately identify them as anniversary cars, but their finest detail is in the cockpit: the metal for the console knob bezels will come from pistons taken out of six Aston Martins built in Newport Pagnell over the past 60 years. The first has been shown at the company's Christmas gathering for customers, and it represents the most recent decade, 2005 to 2015; its knob bezels come from pistons that once did duty in an original Vanquish. Working backwards through time, the remaining five cars will be ornamented by pistons from a V8 Vantage supercharged, a V8 Vantage X-pack, a V8 Coupe, a DB5 and a DB 2/4 Mk II saloon. One of the bezels in each car will be inscribed with the relevant model, the other bezels will feature 60th anniversary text. Elsewhere around the offerings, each will be ornamented with Anniversary Yellow side strakes and wheels, heavy weave carbon fiber, the Q symbol on the fenders, the new Aston Martin Works 60th Anniversary logo embroidered into its leather and embossed on its sideplates and duotone seats with yellow cross stitching. You must apply to the Works department to ascertain the price, or you can head below to read the press release, which is free. ASTON MARTIN WORKS 60TH ANNIVERSARY LIMITED EDITION VANQUISH - Six bespoke models celebrate Aston Martin Works' 60th anniversary - Cars incorporate aluminium from Aston Martin pistons of relevant eras - Unique colour and trim treatments ensure ultimate exclusivity 12 December 2014, Newport Pagnell, Buckinghamshire: Aston Martin Works – which marks its diamond jubilee in 2015 – is celebrating 60 glorious years at Newport Pagnell with the commissioning of six limited edition sports cars. The first of the cars is being revealed today, Friday December 12, at the Buckinghamshire-based firm's customer Christmas celebration, which also forms the start of 12 months of exciting anniversary activity at Aston Martin Works. The six bespoke cars, all versions of the current Vanquish super GT in either Coupe or Volante form, are being created in association with the luxury British brand's Gaydon-based design team, and its ultimate personalisation service: Q by Aston Martin.