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UK offers Aston Martin military base to produce DBX in Wales

The British government is doing its best to encourage Aston Martin to build the DBX in the United Kingdom. To that end, Prime Minister David Cameron made a public offer to the automaker Thursday to make use of a military facility in Wales to produce the crossover. The location is St Athan, a Royal Air Force base and Ministry of Defence facility with space left vacant since a planned military academy earmarked for the site was canceled less than five years ago. One of its empty hangars is what Cameron offered to Aston Martin, according to the BBC. The facility is located near the airport in the Welsh capital of Cardiff, a little over two hours from the company's headquarters and principal manufacturing site in Gaydon. If Aston takes the bait, the site would be used to manufacture the DBX that would become the company's first crossover. Rivals Jaguar, Bentley, Maserati, and Lamborghini are all planning to launch their first crossovers, as well. Aston showcased a concept version of the DBX at the Geneva Motor Show this March, but the production version is expected to go a bit more mainstream, ditching the electric powertrain and two-door layout in favor of more conventional propulsion and four-door setup. The company is also said to be considering opening a new facility in the United States, specifically in Alabama near the Mercedes plant there, to handle production of the DBX. Other locations within the UK are also said to be under consideration, but Aston has yet to make a decision – or at least an announcement – on where the crossover might be assembled. When Aston previously branched out with the launch of the Rapide, it contracted Magna Steyr to handle assembly on its behalf in Austria, before moving production back home. The contract manufacturing facility is the same to which the Jaguar Land Rover is expected to entrust assembly of the F-Pace crossover. It's also where the G-Class is built for Mercedes, which in turn similarly hired AM General recently to assume production of the R-Class crossover. Related Video:

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.

2017 Aston Martin V12 Vantage S coming to US with manual

A few years back, the lovely Aston Martin V12 Vantage was available with an honest-to-goodness six-speed manual transmission. It was capable of instilling serious cognitive dissonance. "If I sell the cars, the furniture, and remortgage the house twice ..." That sort of thing. The package is back, in a sense. For the 2017 model year, Aston will produce the V12 Vantage S with a seven-speed manual transmission. And not the automated manual business supplied by Graziano, that has attracted my ire for being about as subtle as a kick in the pants. There's a human-operated clutch and a proper manual lever. It gets better, at least if you're a manual-transmission geek. Aston fitted a dogleg box to this car, meaning first gear is to the left and down, below reverse and where second gear would sit in a traditional H-pattern floor shifter. Less traditional is the throttle-blipping function, which will make downshifts smoother for those unable or unwilling to heel-toe. If AMSHIFT, which is Graydon's code-word for the system, is not your thing it can be disabled or used in any driving mode. More good news: there's no real penalty for choosing the manual over the Sportshift III transmission. The two cars are mechanically the same, offer the same performance metrics and top speed, and are offered at the same basic price. New for 2017 but not exclusive to the manual are many exterior and interior cosmetic options, like brightly-colored exterior accents, in line with Aston's recent styling trends. As the subtitle suggests, there is a serious catch for Americans. It's not that we won't get the V12-manual combination – we will! – it's just that there won't be very many of them. It'll be a no-cost option in the rest of the world. If you want one, let's hope you've stopped reading this article the first few lines and hopped on the phone with your local Aston dealer to get a place on what looks like a very short list. Related Video: