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Aston Martin investor says demand is 'phenomenal,' returned first in China

LONDON - Carmaker Aston Martin is seeing "phenomenal" demand, boosted by a rebound in China, the company's executive chairman and billionaire investor Lawrence Stroll said on Friday. "Demand right now is phenomenal," he told the Financial Times' "The Future of the Car" digital conference. "China really returned first and strongest, and is gangbusters." Stroll led a consortium which invested in Aston earlier this year as the carmaker struggled following its 2018 stock market flotation, after which its share price slumped. Since then a new chief executive has taken over and the 107-year company, famed for being fictional agent James Bond's car of choice, did a deal in October which sees German carmaker Daimler up its stake in the firm. Shareholders approved the latest capital injection plan on Friday. Stroll said Aston's current growth trajectory meant "the public markets are the right place" for the firm whilst eying an increase in the value of its shares, which stand at 79 pence ($1.06). "They'll be significantly worth more than they are today," he said. Reporting by Costas Pitas, editing by David Milliken and Louise Heavens

Aston Martin SUV production to start in late 2019

Aston Martin has confirmed it's upcoming SUV will begin production at a new factory beginning in late-2019. The high end sport-utility will be similar in size and design to the DBX Concept, which Aston Martin first exhibited in Monterey back in 2015. Since it first debuted three years, the market for exotic and hugely expensive sport-utilities has gotten red-hot and highly competitive. New models in this rarefied segment of the sport-utility world now include the Lamborghini Urus, Rolls-Royce Cullinan, and Bentley Bentayga. The plant where Aston will build its SUV is based in St. Athan, Wales, on the site of a former Royal Air Force base. A total of three former aircraft hangars are being combined, to create this new facility. This factory is only part of a larger expansion plan that will add roughly 1,000 new employees to Aston Martin's ranks, stationed throughout its existing facilities in Gaydon and Newport Pagnell, along with the new St. Athan-based site. "We are delighted at the progress being made at the St Athan site. The team have done a fantastic job in advancing the facility and I was incredibly proud to chair our first Board meeting at the new plant," said Andy Palmer, Aston Martin's president and CEO. Showing how important adding a truck is to its future business model, Aston confirmed a total of 150 employees will be assigned solely to "pre-production preparations" related to the company's upcoming SUV. Related Video:

2019 Aston Martin Vantage ridealong: Going to the extremes

"My job is to make them drive like they look," Matt Becker, Aston Martin's vehicle attributes engineer, tells me. The engine is idling, and we're harnessed inside of the 2019 Vantage test mule's racing bucket seats, somewhere on a frozen lake near the Arctic Circle in Sweden. Since the Vantage is Aston's best seller, and it's representative of the things the brand stands for, it's safe to say this chilly prototype is the most important Aston Martin on the planet right now. "Shall we have a go?" Becker rhetorically asks, looking out at the ice track. "First, with all the systems on. We test and develop this car with systems on and off, at every stage." Becker shifts the Vantage into Drive, and immediately it sounds happier. Under the hood is an Aston-ized, AMG-sourced twin-turbo V8, packing 503 horsepower and 505 lb-ft of torque. It was given the full work-over, and the controller algorithms were developed to make it behave like a proper Aston. Power is channeled through an eight-speed ZF automatic gearbox. How and when the power comes on depends on driving conditions and mode, of which the 2019 Vantage has three: Sport, Sport Plus and Track. Absent is the DB11's GT mode, which fits perfectly on the grand tourer but not on a pure sports car such as the Vantage. Throughout testing, the Vantage stays under heavy camouflage and even sports some DB11 bits at first to deter speculation. But despite the partial DB11 drag, the Vantage will embody CEO Andy Palmer's directive: "[W]e need greater differentiation between the lines." While the DB11 is a striking and elegant grand tourer, the Vantage dials up the aggression over its predecessor. A massive, oxygen-gulping grille dominates the frontend. The car is about the same width as the DB11, but in person, it seems twice as wide as more pedestrian sports cars. Fender vents serve both functional and aesthetic purposes. The lip of the trunk swoops up, a naturally integrated spoiler that will help deliver downforce. But there's a lot more at play than is even immediately evident to the eyes, most important of which is the electronic rear differential. This the first Aston to ever be fitted with an e-diff. As Becker explains: "What that allows us to do is vary the amount of torque across the rear axle that we have, which allows you to make the car very short, very agile. Add in tricks like Dynamic Torque Vectoring, and because we can open up the diff, it's like putting a pole in the ground when you're skiing.