Aston Martin V8 Vantage Convertible 2009 With Ultra Low Miles on 2040-cars

Auto blog

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 to keep the faith with V12, manual transmission

Downsized engines and dual-clutch transmissions may be the way the industry is heading, but Aston Martin is more deeply rooted in the past than most. Which could explain – at least in part – why the British automaker is planning on sticking with V12 engines and manual transmissions for the foreseeable future. After speaking with Aston's new chief executive Andy Palmer at the Geneva Motor Show last week, Car and Driver reports that Gaydon is in no rush to get rid of the building blocks that have made it what it is today. And that means continuing to evolve its VH architecture, twelve-cylinder engine and six-speed manual gearbox. The company is working to develop a new platform and is collaborating on a new twin-turbo V8 with Mercedes-AMG. But those are still several years out, and Aston doesn't plan to wait that long before rolling out new models. Before the new AMG-powered Vantage is ready, C/D reports that Aston will introduce the replacement for the DB9 that will still be based on the VH platform and pack an evolution of the company's ubiquitous and long-serving 6.0-liter V12. "That platform was definitely far ahead of its time," Palmer told C/D. "It should have been described as a modular architecture, like [VW's] MQB or one of the other systems big manufacturers have adopted. We're always making excuses about it being an old platform, but if you were to compare the original VH platform to today's there's an enormous transformation. And it's a great way to build cars in the volumes that we do." The platform and the engine aren't the only old-school technologies Palmer is intent to keep. While Ferrari and Lamborghini do away with the manual altogether, and even Porsche goes PDK-only on the 911 GT3 and GT3 RS, Aston isn't giving up its clutch pedal any time soon. "I would love to be the last car manufacturer providing stick shifts in the U.S.," said Palmer. "That's my hope, we will keep the faith." Of course part of that could come down to Aston not having a dual-clutch transmission to offer, while its antiquated sequential gearbox lags behind the times. But it will likely gain access to Mercedes transmissions along with the engine deal.

Historic race cars highlight the RM Sotheby's 2023 Le Mans sale

Auction house RM Sotheby's is celebrating 100 years of the 24 Hours of Le Mans by organizing a big sale on the day before the race. The cars scheduled to cross the auction block have all spent time on the track, and the catalog shows how racers have evolved since the 1930s. Browsing through RM's auction catalog is like taking a five-minute course in the history of racing. The oldest car is a 1932 Aston Martin Le Mans 'LM8' that's had a remarkable life. It was developed and built for competition and entered in the 1932 24 Hours of Le Mans by the Aston Martin factory team, where it finished seventh. It was ultimately sold to a private owner but it survived, which shouldn't be taken for granted: teams often destroyed obsolete race cars, and the list of special vehicles that didn't survive World War II is longer than you'd think. Paul Sykes bought the car in 1955 and used it as his daily driver. Imagine walking out of a shop in a British village in the 1960s and finding a 1932 race car parked next to your Mini. Sykes ultimately bought another daily driver, but he kept the Aston Martin for a total of 55 years. The second-oldest car is a 1936 Delahaye 135 S with a body by coach builder Pourtout. RM notes that this is one of the most significant pre-war competition Delahaye models and adds that it finished second in the 1938 edition of the 24 Hours of Le Mans. It continued racing until 1956 and then spent several decades hidden in storage. It was fully restored in 2005, and it's now eligible to compete in historic races such as the Mille Miglia and the Le Mans Classic. Restoring it was easier said than done: the car was rebodied twice before being tucked away. None of the cars crossing the block were built in the 1940s, so we skip ahead to the 1950s with a 1954 OSCA MT4 by Morelli. It's one of 72 built, according to RM, and only 19 of those were fitted with the twin-cam, 1.5-liter 2AD engine. It raced at Le Mans in 1954 but ended up disqualified following an accident. Another highlight from the 1950s is a 1958 Lister-Jaguar 'Knobbly' finished in yellow and green. We said that all of the cars crossing the block have spent time on the track, but that doesn't mean they were built to race. The 1963 Ferrari 250 GTE 2+2 Series III is a street-legal model, yet it's included in the auction because it was used as a safety car during the 1963 edition of the race.