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Aston Martin announces $306M in funding to build DBX, 'other new luxury vehicles'

Aston Martin has just gotten one step closer to building a crossover, as the British outfit has secured a 200-million-pound (about $306 million at today's rates) infusion of capital from its leading shareholders. The money will allow Aston Martin to develop "a new vehicle based on the DBX concept," although just how closely the production model will adhere to the concept's styling is unclear. Andy Palmer, the company's CEO, also hinted at other models being added, thanks to the funds. "This additional long-term funding, will enable us to add extra model lines and broaden our presence in the luxury market segment by the end of the decade. The DBX concept has generated interest far beyond our expectations," Palmer said in the attached statement. "The additional investment announced today will allow us to realize the DBX and other new luxury vehicles that will form the strongest and most diverse portfolio in our history." It's unclear what these "other new luxury vehicles" will include. Previous reports have indicated a Lagonda-badged replacement for the aging Rapide will be added to the range, although considering the age of the rest of Aston Martin's lineup, it's a safe bet that at least some of this money will also be put towards vehicles beyond the new CUV and sedan. Scroll down for the full press release from Aston Martin. Related Video: ASTON MARTIN LAGONDA ISSUES GBP200 MILLION FUNDING FOR PRODUCT EXPANSION • Investindustrial and Tejara Capital led a further GBP200 million in investment capital in the form of preference shares • Enables production of DBX luxury crossover, building on range of iconic luxury sports cars • FY 2014 revenues of GBP468 million and adjusted EBITDA of GBP66 million announced 30 April 2015, Gaydon: Aston Martin Lagonda today announced that with the leadership of its major shareholders, it has arranged additional committed funding of GBP200 million, enabling the 102-year old luxury sports car manufacturer to develop significant new luxury models that will drive the future of the company under its strategic business plan. The additional capital investment comes in the form of GBP200 million of preference shares; GBP100 million of which were issued on 29 April 2015 with the remaining GBP100 million – already subscribed for - to be issued in the next twelve months, and will further expand the previously announced investment plan. This major investment in new luxury models is at the core of Aston Martin's strategic vision.

Snap up the only all-aluminum Aston Martin V12 Zagato Coupe in the world

Roses are red, violets are blue, and neither are remotely as beautiful as this extremely rare 2012 Aston Martin V12 Zagato Coupe sporting Aston Martin Racing Green. The only example of its kind, It's currently listed for sale in the U.K. Offered by Bell Sport & Classic, this V12 Zagato is the top layer of the cream of the crop. The engine plaque says the car is No. 2 of 2, but in reality, it's one of one. While the first of the two pre-production prototypes was built using part aluminum, part carbon fiber for the body, this example was built entirely out of aluminum. The two pre-pro cars were used for events, and customer viewings, and toured around the globe.  In total, a few more than 60 Aston Martin V12 Zagato Coupes were produced (some report 61, others say 64). It was unveiled at the 2011 Concorso d’Eleganza Villa dÂ’Este as a tribute to the 50th anniversary of the DB4GT Zagato. Under the hood, it has a V12 that originally made 510 horsepower, and it shares mechanical parts from the V12 Vantage. It features several typical Zagato style characteristics, such as the double-bubble roof, wide-open grille, short body overhangs, and circular rear lighting. This example is right-hand-drive and features a manual transmission. Despite its status as a pre-production vehicle, it has been owned before. Aston Martin had possession of the vehicle until 2016, when Zagato was set to take ownership for its own collection, but "a very special Aston Martin client" finessed it away from the manufacturers. Before he took the car in, it was given a "full recommissioning." Originally Titanium Grey, it was repainted Aston Martin Racing Green, and the interior was retrimmed as well.  The 2012 Aston Martin V12 Zagato Coupe is currently available for purchase.  Related Video:

Aston Martin's AM-RB 001 hypercar headlines the Canadian Auto Show

We've been hearing about the Aston Martin Red Bull AM-RB 001 for the better part of a year, and Thursday morning Aston revealed the imposing hypercar for the first time at an auto show. Kicking off the Canadian International Auto Show in Toronto, Aston chief executive Andy Palmer called it "the defining hypercar of this decade and a hugely desirable investment for collectors and enthusiasts," according to a statement. The reveal comes the day after Aston highlighted its technical partners for the hypercar, which is being developed in tandem with Red Bull Advanced Technologies. The AM-RB 001's debut comes not far from the base of Canadian motorsports expert and auto supplier Multimatic, which will make the carbon-fiber MonoCell for the hypercar. Aston also said Wednesday that Cosworth will produce the naturally aspirated V12 engine, Rimac will make the battery for the electric motor, and Ricardo will supply the seven-speed gearbox. Aston said the "original full-sized model" of the AM-RB 001 will be on display in Toronto alongside the company's other spotlight car from last year, the DB11. .@astonmartin's Dr. Andy Palmer (@AndyatAston) kicks off Media Day at #CIAS2017 unveiling the #AMRB001. #AstonMartin pic.twitter.com/R2Frr83xc6 — Canadian AutoShow (@autoshowcanada) February 16, 2017 Related Video: