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Aston Martin skids in stock market debut

LONDON — Shares in luxury automaker Aston Martin fell as much as 6.5 percent on their market debut in London on Wednesday as investors and analysts raised concerns over Aston's ability to deliver an ambitious rollout of new models. The company, which last year made its first profit since 2010 and has gone bankrupt seven times, had priced its shares at 19 pounds each, giving it a market capitalization of 4.33 billion pounds ($5.63 billion). The shares fell to as low as 17.75 pounds. Aston Martin has plans to launch a new model every year from 2016 to 2022. "(It) has very aggressive growth plans. The execution of that growth needs to be flawless — nothing eats cash more than a car company when the cycle turns. There is concern that it's more cyclical than the commentary has been," said James Congdon, managing director of cashflow returns specialist Quest. "The banks have done a good job for their client — but there's no bounce." Aston is going all-in Aston Martin — full name Aston Martin Lagonda Global Holdings Plc — expects to produce around 7,100 to 7,300 cars in 2019, and 9,600 to 9,800 cars in 2020. It aims to increase production to 14,000 cars in the medium term, helped by new models and improving its manufacturing process. The company is investing all of its cashflow to try to achieve this, leaving nothing for dividends or paying down debt. "In terms of execution risk — this is what I've done for all of my career. I'm an engineer: we mitigate risk," Chief Executive Andy Palmer, who has led a turnaround plan at the company since 2014, told Reuters. Palmer played down risks to the business from Britain leaving the European Union, even as other car manufacturers step up warnings over a disorderly Brexit. He said Aston Martin was "relatively well insulated" from the effects of Brexit because Europe is not its biggest market and it may actually benefit from exporting with a cheaper pound. However, 60 percent of its parts are imported from the EU and will be hit by tariffs if there is no trade deal. "Obviously we'd all prefer no tariffs to be frank, no doubt, but the industry has to learn to adapt, and it always has adapted to changes," Palmer said. Valuation In 2017, Aston Martin had adjusted earnings before tax interest, depreciation and amortization (EBITDA) of 206.5 million pounds, up from 100.9 million pounds in 2016.

Aston Martin One-77 designer gives back to teacher who changed his life

It's a pretty fair bet that we've all had "that" teacher. The educator that stood out above all the others while we were in school and not only taught us, but made us into a better person – our very own Mr. Feeny, Mr. Belding, Mr. Holland or even Mr. Miyagi. The Windsor Star has the story of one such teacher and her troubled student that went on to help design some of the most desirable cars in the auto industry. Karlene Berry spent 30 years as a teacher, and among her many, many students is Michael Lehti, the product of a broken home and self-described has having "never been the greatest academic." What Lehti could do, though, was design cars. With the help of Berry's class, he overcame his early obstacles and went on to work with the design team on the Aston Martin One-77 (pictured above) and the RUF CTR3, among other vehicles. With Lehti and Benson's old school closing, the pupil reached out to his teacher 32 years after graduation to say "thanks" and pay tribute for her impact on his life. Head on over to The Windsor Star, and check out this inspiring story. Featured Gallery Aston Martin One-77 News Source: The Windsor StarTip: Mike Read This Aston Martin aston martin one-77

Aston Martin working on a limited-edition DBR1-inspired speedster?

The Supercar Blog has heard from its supercar-privy sources that Aston Martin might be working on a new speedster. The putative roofless model could be inspired by the most important and most valuable racer in Aston Martin's history, the DBR1 that took overall honors at the 24 Hours of Le Mans in 1959. Thought to be limited to just 88 units, TSB said the carmaker might have held a VIP preview event during Monterey Car Week last month. If the English luxury maker is developing such a model, we can probably declare the speedster era officially open for business after the limited-edition Ferrari SP1 and SP2 Monzas, Porsche 911 Speedster, and the Ultimate Series speedster that McLaren recently admitted is on the way. As with the Aston Martin, all of the other high-bucks open-sky models take inspiration from racers of yesteryear.  Furthermore, if Aston Martin really has such plans, the carmaker would be re-opening a six-year-old chapter in company history. In 2013, Aston Martin unveiled the CC100 Speedster (pictured) at the 2013 Nurburgring 24-Hour race, created in just six months to celebrate the 100-year anniversary of Lionel Martin and Robert Bamford deciding to build vehicles together. The CC100 was built on the VH platform utilized by the brand's production cars, and used a 6.0-liter V12 with 565 horsepower to do 0-60 mph in four seconds and reach a top speed of 180 mph. The carmaker built two of them, sold to collectors very close to the brand. Today's DBS Superleggera platform and its 5.2-liter, 715-hp V12 could make a suitable base, and who knows, Aston Martin — unlike Ferrari or McLaren — could go all the way and swap the DBS' eight-speed automatic for a manual transmission. Another site said the speedster impetus comes from "the high interest demonstrated by multiple collectors." No one has any insight on the symbolism of 88 units, though. Aston Martin did release a series of Dragon 88 models in 2012 for the Asian market, named for the auspicious omens associated with the number 8 in Chinese culture, and the Interush International team entered a #88 Vantage GT3 race car in the 2015 GT Asia Series, but that seems a gossamer thin connection. The Aston Martin One-77, after all, had a lot of sevens in its spec sheet, but was half named for its production volume. If there is a vintage-themed speedster on the way, we'll know more when Aston Martin decides to admit it.