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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.

Bond does a machine-gunning Aston Martin donut in first 'No Time to Die' trailer

James Bond doesn't just drive an Aston Martin. He doesn't just do donuts, and he doesn't just shoot machine guns. Double-oh-seven does donuts in an Aston Martin DB5 while Gatling guns pop out of its headlights and snipe his enemies. The stunt is one of the most eye-popping visuals in the first official trailer for the newest film in the Bond franchise, "No Time to Die." For the last time, a Bond trailer debuts with Daniel Craig as the lead man, and it puts all of the information we've been collecting throughout the past few months into an action-packed 2 1/2 -minute clip. The trailer starts exactly how we'd hoped, with a car chase between the DB5, Jaguars, and some motorcycles. Even before the new footage, Aston Martin detailed exactly which cars we'll see in the new flick. To some degree, the Valhalla, the DBS Superlegerra, the V8 Vantage, and the DB5 will all make appearances. While the DB5 seems to be Bond's vehicle of choice, the trailer shows newcomer Nomi (played by Lashana Lynch) driving the DBS. In addition to the Range Rover seen flipping in the clip, we also expect to see the new Land Rover Defender in the film.  As is typical of any Bond story, 007 seems to get caught in a trap, as he navigates his relationship with Lea Seydoux as Madeleine Swann and chasing Rami Malek, the new villain Safin. Here's the synopsis straight from YouTube:  In No Time To Die, Bond has left active service and is enjoying a tranquil life in Jamaica. His peace is short-lived when his old friend Felix Leiter from the CIA turns up asking for help. The mission to rescue a kidnapped scientist turns out to be far more treacherous than expected, leading Bond onto the trail of a mysterious villain armed with dangerous new technology. We also see appearances from Ralph Fiennes as M, Christoph Waltz as Ernst Stavro Blofeld, Naomie Harris as Moneypenny, and Jeffrey Wright as Leiter. "No Time to Die" releases April 8, 2020. Celebrities TV/Movies Aston Martin Videos James Bond trailer Daniel Craig db5 No Time to Die

A pair of different but awesome Hondas star in the latest Forza Horizon 3 car pack

Forza Horizon 3's ever-expanding car list grows again with its latest downloadable car pack. This time it packs a pair of Hondas from opposite ends of history. In fact they use opposite drive wheels, too. The first, representing the modern day and front-wheel drive, is the previous generation, 300-horsepower, 2016 Honda Civic Type R. From the early days of Honda automobiles, and with rear-wheel-drive, is the 1970 Honda S800. It has substantially less than 300 horsepower. The Civic Type R isn't the only hot hatch in the pack either. The Vauxhall Corsa VXR provides a European counterpoint to the Honda, albeit a bit smaller. It features less power – about 200 hp in all – but should be an excellent match to the Fiesta ST. The pack also features a couple of high-dollar, high-horsepower machines in the form of the 2017 Aston Marin DB11 and the 2016 Cadillac ATS-V. Plus, for fans of older cars, there's the rear-engined Renault Alpine GTA Le Mans, and a Holden with a really long name: the 1985 HDT VK Commodore Group A. View 7 Photos As usual, the pack is included with the Forza Horizon 3 Car Pass. Or, if you don't have the pass, the pack can be purchased on its own. Related Video: Image Credit: Turn10 Studios / Playground Games Toys/Games Aston Martin Cadillac Honda Videos aston martin db11 cadillac ats-v forza horizon 3 vauxhall corsa