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Aston Martin Valhalla project rebooted with Mercedes-Benz technology

Aston Martin will leverage its access to the Mercedes-Benz parts shelf to revise the Valhalla it plans to release in the coming years. Specifications haven't been finalized yet, but the supercar will most likely arrive with a German heart. Announced in early 2019 as the Project 003, and named Valhalla later that year, the Ferrari-punching model was on track to make its debut with a 3.0-liter turbocharged V6 mounted behind its passenger compartment. Aston Martin proudly pointed out that the six was the first engine it developed in-house since the Tadek Marek-designed 5.3-liter V8 entered production in 1969. These plans changed after Daimler purchased a 20% stake in the firm, however. Aston Martin boss Tobias Moers (whose last position was at the head of Mercedes-AMG) told investors that his team is "re-assessing" the Valhalla, and that it will "probably have a different drivetrain" than the concept. He didn't reveal what the model will be powered by, and he stressed that nothing is off the table. Mercedes-Benz has a wide range of four-, six-, eight-, and 12-cylinder engines in its parts bin, plus hybrid technology and electric motors. Electrification remains in the pipeline regardless of the path the company chooses to take. "With the transformational technology agreement with Mercedes-Benz, there are other chances for us regarding combustion engines, but we still have an electrified drivetrain," he said without providing more specific details. It sounds like Aston will make visual tweaks to the Valhalla, too, because Moers revealed that buyers will be shown an updated version of the car in the next four months. It's unclear whether it will be presented to the public, too. Regardless, the car's introduction is tentatively scheduled for late 2023, so it will likely arrive here as a 2024 model. Moers confirmed that a plug-in hybrid model with what he described as "a reasonable electric range" will join the Aston Martin range in the coming years, too. He added that three new variants of the DBX, the firm's first SUV, are on their way as well. One is a plug-in hybrid. Details about the others aren't known, but another could be a sportier version positioned at the top of the range. Finally, the first electric Aston Martin will arrive in about 2025.

Aston Martin owners rev up for possible sale or stock IPO

LONDON — Aston Martin's owners have hired financial advisory firm Lazard to prepare for a stock market listing or sale of the British sports car maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters. Italian private equity fund Investindustrial and a group of Kuwaiti investors, who together own more than 90 percent of the marque, are hoping to cash in on a recovery in sales and are in the initial stages of a strategic review. They have hired investment bank Lazard to work on a preliminary plan and could either opt for an initial public offering (IPO) in the third or fourth quarter of 2018 or a trade sale, two of the sources said on Friday. A deal could value the maker of the sports car driven by Britain's Prince William on his wedding day at between 2 billion and 3 billion pounds ($4 billion), one of the sources said, adding a listing was the most likely option. However, no final decision had been taken and the investors could decide to retain control, the sources added. Investindustrial declined to comment while Aston Martin and Lazard did not return requests for comment. Adeem Investment, one of the Kuwaiti investors, was not immediately available. If successful, a float of Aston Martin would be a milestone deal for the 104-year-old car manufacturer and would follow the IPO of Italian sportscar maker Ferrari which made its Wall Street debut in 2015 amid strong investor demand. Investindustrial, led by founder Andrea Bonomi, bought 37.5 percent of Aston Martin in 2012 in what was the fund's best-known investment in Britain. The fund, which has clinched a number of Southern European investments since its launch in 1990, is Aston Martin's single biggest investor and is driving the plans, the sources said. Beside Lazard, other investment banks have approached the private equity fund in recent weeks offering advice ahead of a possible IPO, another source said. Yet no other mandates will be awarded this year for the Gaydon-based firm, which is in the midst of a turnaround plan that aims to restore the business to profitability following six years of losses. Aston Martin, which recently unveiled its new Vantage model, is on course to post its first annual pre-tax profit since 2010 as strong demand for the luxury automaker's DB11 sports car boosts its performance.

Aston Martin barn finds highlight $16M Bonhams sale

Every year, Bonhams holds an auction of classic Aston Martins at the automaker's historic home in Newport Pagnell. But never has it brought in as much as it did this year. The 16th annual Aston Martin Sale, held this past weekend, raked in an impressive GBP10,280,275 in sales – equivalent to nearly $16 million at current exchange rates. Among the highlights of the 50 classic Astons sold were a number of barn finds, including a pair of DB Mark II sports saloons from 1958 that doubled the pre-sale estimates to sell for GBP104,540 and GBP115,740, respectively. Those weren't even the top lots of the day, though. A 1962 DB4 Series IV Vantage Convertible that was once owned by legendary thespian Sir Peter Ustinov sold for GBP1,513,500, while a 1966 DB5 Vantage Convertible went for GBP1,524,700 to claim the top spot. "The quintessentially British marque of Aston Martin attracts interest from enthusiasts across the world, a fact demonstrated here again this year as we took bids from all corners of the globe," said Bonhams' Tim Schofield. "The sale attracted a larger and more cosmopolitan attendance than ever before, achieving an excellent result." The auction was complemented by the Spring Concours held by the Aston Martin Owners Club down the road at Woburn Abbey in nearby Bedfordshire, bringing out a record assembly of 350 Astons old and new. The company used the occasion to mark the UK debut of the new Lagonda Taraf as well. BIGGEST BONHAMS SALE TO DATE AT ASTON MARTIN WORKS - 16th annual Aston Martin Sale sees total transactions top GBP10m - Sir Peter Ustinov-owned DB4 Series IV Vantage Convertible nets GBP1.5m - More than 50 sports cars and 170 items of automobilia change hands 11 May 2015, Newport Pagnell, Buckinghamshire: In its 60th anniversary year Aston Martin Works played host to another hugely busy Bonhams Aston Martin Sale on Saturday – with GBP10.3m worth of rare and prized sports cars changing hands. The historic home of the great British luxury brand was the venue for the 16th annual Bonhams Aston Martin Sale, which saw around 50 classic Aston Martins sold. The annual sale is recognised as a globally-significant occasion for Aston Martin collectors and enthusiasts around the world. The 2015 event was the biggest to date, setting a sales total of GBP10,280,275 and witnessing a fascinating and diverse collection of Aston Martin-related automobilia go under the hammer in several hours of exciting and highly-charged bidding.