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Aston Martin to open test center at Silverstone, British racing's Mecca

LONDON — Aston Martin will open a test and development center at Silverstone, the home of British Formula One racing, as the luxury carmaker continues to expand ahead of a possible stock market offering. James Bond's car brand of choice is undergoing a turnaround plan designed to boost its model lineup, quadruple volumes and produce its first sport utility vehicle at a new plant in Wales. The firm, which sponsors the Red Bull Formula One team, said its Silverstone site would open in October and employ 60 people. Many Formula One teams have been based close to Silverstone in central England, leading the area to become known as motorsport valley. Silverstone hosted the first Formula One championship race in 1950. "The company is now investing for growth across the Aston Martin and Lagonda brands," said Chief Executive Andy Palmer in a statement, also announcing the opening of a central London office. Aston said the new locations would help increase the firm's total workforce by over half to 5,000 by the end of 2022. After six years of losses, Aston Martin swung to a pretax profit in 2017, and the company has said it is considering a stock market IPO, which sources have told Reuters could come as soon as this year. Reporting by Costas PitasRelated Video:

Aston Martin Project 003 is a road-going evolution of Valkyrie

The Aston Martin Project 003 will effectively be the most road-going example of Aston's mid-engined hypercars. It quite obviously draws heavily from the Valkyrie (aka Project 001), which is as much the result of aerodynamic requirements as it is maintaining a family resemblance. It may not appear to be as extreme in certain respects, and it isn't, but it does feature a number of advances. The 003 utilizes the next-generation of "aircraft morphing technology, to create a variable airfoil across the entirety of the rear wing. The technology named FlexFoil ... has been validated by NASA through extensive performance and acoustic flight testing, with Aston Martin the first to implement this cutting-edge aerospace technology in the automotive industry. The system allows for the car's downforce to be changed without changing the physical angle of the entire element." So yeah, fancy stuff, and in fact, the production version will feature an even further evolution of the technology. Aston hasn't released full details, but did indicate the 003 will be powered by a hybrid powertrain consisting of a new turbocharged V6 developed in-house. This is in contrast to the Mercedes-sourced engines in recent Aston Martins. It will feature a sealed oil system previously utilized in the Aston Martin Vulcan and in multiple 24-hour endurance races that allows for oil changes in 90 seconds and the refinement and reuse of the engine oil itself. The production 003 will be the first road-going car to receive this technology. There is plenty shared with Valkyrie, however, including the active suspension and various electronic systems. Aston says the chassis will be "blessed with next-level precision, control and driver connection for class-leading dynamics on road and truck." Also like the Valkyrie, Project 003 utilizes a lightweight carbon fiber structure with carbon fiber bodywork. It was shaped for maximum aerodynamic effect, which results in the two mid-engine hypercars sharing a common shape and general look. One noteworthy visual difference are the front and rear lighting units. Their lightweight technology are shared, however. Aston Martin says the 003's four lighting units weigh less than one DB11 headlamp. Inside is where the 003 most ventures away from the Valkyrie, and where it demonstrates its more road-going nature. Greater concessions have been made for usability and comfort, although that is certainly relative.

Aston Martin plots more specific models for China, Middle East

Aston Martin is a thoroughly British automaker. Given its independence from any foreign automaker and its production that takes place entirely in the UK – particularly since Rapide assembly was moved back to Gaydon and the Toyota-based iQ was discontinued – you might argue that it's the most British automaker of them all. But like any other, it thrives on exports, and that only stands to increase with its latest announcement. With support from the British government, Aston Martin has revealed that it plans to develop new models specifically for export outside of the UK and continental Europe – especially for developing but wealthy markets in China and the Middle East. It wouldn't be the first time Aston would launch a new model targeted at a specific market, after all. When the company relaunched the Lagonda marque with the new Taraf luxury sedan late last year, it initially planned to make it available only in the Middle East. And by Middle East, we don't mean war-torn Yemen or Syria – we mean the oil-rich emirates of the Persian Gulf, like Bahrain, Qatar, Dubai and Abu Dhabi. Popular demand later prompted Aston to switch tracks, however, expanding availability to Europe and other markets. At this point, Aston isn't saying just what it has in mind for these lucrative markets, but the possibilities seem limited only by what local buyers would be interested in ponying up for. We could easily see the company offering a long-wheelbase Taraf limousine for China, a partial convertible sedan (like the Maybach Landaulet) for the Emirates or that long-rumored crossover that would be sure to attract buyers from both markets. ASTON MARTIN SET TO EXPAND MODEL RANGE FOR EXPORT MARKETS UK Government confirms support for new projects 29 March 2015, Gaydon: Aston Martin today confirmed it will widen its product offering for markets outside of Europe. Based on a conditional offer of an exceptional regional growth fund from the UK Government, Aston Martin will commence work this year on new models intended to broaden its customer reach in export markets such as China and the Middle East. The UK Government has committed support of up to the value of GBP6.9 million, conditional on investments in new products from Aston Martin. Commenting on this news, Aston Martin CEO, Dr Andy Palmer said: "Expanding our product range to enable a greater reach into export markets is an essential part of our Second Century business plan.