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Aston Martin close to IPO on the London Stock Exchange

According to a report from Sky News, Aston Martin is close to announcing plans to go public with an IPO on the London Stock Exchange. A listing on the New York Stock Exchange has also reportedly been considered. In December of last year, news broke that the company's owners had hired financial advisory firm Lazard to prepare for a potential offering. The report suggests that the British automaker is looking at an offering of $1.29 billion (GBP1 billion) in shares and an overall company valuation of around $6.44 billion (GBP5 billion). An Intention To Float statement could be filed as early as next week, says Sky. Last year was good for Aston Martin, with a total of 5,117 vehicles sold globally, a 58 percent jump from 2016. The company reported pre-tax profits of nearly $112 million (GBP87 million) in 2017. And it is working on a flurry of new products such as the Valkyrie supercar, an upcoming SUV, the new DBS Superleggera (shown above), and even an ultra-exclusive, real-life James Bond gadget-laden DB5. As of right now, Aston Martin's largest investors are I taly's Investindustrial and Kuwait's Investment Dar. Daimler also holds a sizable stake. Aston said it had filed a registration document with Britain's Financial Conduct Authority, a requirement for firms considering an IPO, at a time when the likes of Tesla boss Elon Musk have slammed the additional pressures of being listed. Pending a final decision from the FCA, a prospectus will be published on or around Sept. 20 as the maker of sports cars that can cost hundreds of thousands of pounds hopes to tap into global demand from wealthy buyers who want a slice of the high-end brand. The carmaker hopes to complete the flotation this year, the same target that British Prime Minister Theresa May is working towards to agree a deal for leaving the European Union. Aston sells roughly 25 percent of its cars to the EU and operates its only plant in Gaydon, central England, with a second one due to begin operations in Wales in 2019. "We can demonstrate that Brexit is not a major effect for us," Chief Executive Andy Palmer told Reuters. "If there is a tariff into Europe, it's countered by a tariff into the UK for our competitors so you might lose a little bit of market share in the EU but you pick it up in the UK," he said. Niche carmakers such as Aston and McLaren are more concerned about customs checks than tariffs as they believe many of their buyers can absorb a price hike.

Aston Martin and Daimler continue talks on SUV project, CEO required

The Aston Martin Lagonda SUV concept revealed at the 2009 Geneva Motor Show didn't earn the plaudits the company is used to when it reveals new models, and it has lived an uncertain life ever since. Thought to have been scrapped along with the entire revival of the Lagonda brand, then thought to have been resurrected due to Chinese, Middle Eastern and Russian demand, another year passed before we heard more definitive talk about an Aston Martin expansion when AutoCar reported that the Lagonda could be built on one of Mercedes-Benz's AMG SUV platforms.
A report in Automotive News Europe indicates plans have gotten serious, its unnamed sources saying that the English carmaker is talking to Daimler "to extend their cooperation to building an SUV." Neither Daimler, Aston Martin nor Investindustrial, the managing partner among Aston Martin's ownership consortium, would comment. But with Investindustrial having pledged to expand the range, competitors like Bentley, Maserati and Lamborghini getting into the SUV racket and clear demand from current and future customers, it's easy to believe Aston Martin is working hard to put the pieces together.
One further potential bump on the road to an Aston SUV is the company's search for a new CEO. Ulrich Bez relinquished to top spot at the company at the end of 2013, and Aston reportedly will not finalize its model strategy without a new CEO in place.

Aston Martin DB5 re-creates life-size Corgi diecast toy car for 007 movie

To promote the upcoming James Bond film "No Time To Die," Aston Martin has turned a DB5 into a life-size toy car. In fact, the car itself is kind of a giant toy, one of the $3.6 million DB5 Goldfinger Continuation models that mimic the movie car with mock machine guns and rotating license plates. Now, it has a giant vintage Corgi Toys box to match. The original Corgi 007 Aston Martin DB5 toy debuted in October 1965, about a year after the "Goldfinger" movie showed Sean Connery behind the wheel of the gadget-infused spy-mobile. According to some estimates, the Corgi sold 4 million copies in four years, making it the best-selling toy car in history. Over the years, Corgi has retooled and re-released the model several times, selling over 20 million in total. The big box, unveiled at London's Battersea Power Station, re-creates Corgi's original release packaging complete with period artwork. In 1965, according to Aston Martin, the toy car sold for just 50 pence, the equivalent of just under $14 today when accounting for inflation. You can still get a new one for about $20, but first-release models can run up to $350 in good condition. The DB5 Goldfinger Continuation is one of just 25 cars built by Aston Martin's Heritage Division, the same outfit that brought you continuation models of the DB4 GT and DB4 Zagato. However, while those are faithful re-creations of the original cars, the DB5 Goldfinger is a little different. The cars are built as the original DB5s were, taking about 4,500 hours each and emerging from the same workshop in Newport Pagnell as the 1963 models did. In this case, the intriguing DB5 Goldfinger was developed in conjunction with Chris Corbould, the special-effects coordinator on the last 14 Bond movies and the individual responsible for modifying several of the picture cars. The cars have been outfitted with oil slicks, Browning machine guns that pop out from behind the lights, and a bulletproof shield that rises from the rear to protect the rear windscreen from villainous rounds. None of these things actually work — the oil is really water, the guns emit a bang-bang noise and flash some LEDs — but even so, the car is not street legal. It also comes with a rotating license plate holder and a roof panel shaped like Bond's ejector seat exit. There is, of course, no ejector seat.