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Aston Martin Valkyrie is set to lose its roof at Pebble Beach with roadster variant

Aston Martin is coming to Monterey Car Week with a new car reveal. The specific model name isn’t explicitly mentioned by Aston, but one look at the “teaser” gives us all the information we might need to suss it out. The Valkyrie is losing its roof for a new Roadster variant that will join the existing hardtop and racing-only AMR Pro model. You must look rather closely at the roof area of the teaser, but upon inspection, the roof of the Valkyrie shown here is missing. Additionally, the doors have a new design to accommodate the missing roof. Instead of opening via the roof in gullwing fashion, they appear to be scissor doors. Beyond these details, weÂ’re left to guess at the rest. The car looks similar to the standard coupe up front, and the convertible appears to keep the roof scoop, too. Aston says the wraps will officially be taken off this new model on Thursday, August 12. After being revealed at a private event, the car will be available to see by invitation-only beginning the following day at the Aston Martin Club 1913. All Aston will say about the model so far is that itÂ’s “a new product from the brand which extends the companyÂ’s performance credentials a step further.” In addition to the new Valkyrie, Aston is also bringing the Valhalla supercar to North America for the first time. You can read all about that mid-engine car here, and then go check it out on Pebble BeachÂ’s 18th fairway. If you want one, Aston just made its production run official — only 999 Valhallas will be built over the next two years. Related video:

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 shares plunge to new low following half-year loss

LONDON — Shares in Aston Martin plunged 17% to a post-flotation low on Wednesday after the luxury British carmaker slumped to a half-year loss, the latest automotive firm to be hit by falling demand in Europe. Aston Martin, best known as James Bond's favorite marque, has been undergoing a turnaround plan since Chief Executive Andy Palmer took over in 2014, designed to renew and boost its model line-up and move into new segments. The plan led to an autumn 2018 stock market flotation. But its shares have since fallen by around three quarters from their 19 pounds float price to below 5 pounds, hit most recently by the group's weak performance in Europe, the Middle East and Africa, where half-year demand fell by nearly a fifth. The group posted a pretax loss of 78.8 million pounds in the six months through June from a 20.8 million pound profit in the first half of 2018. Its shares were down 17% at 4.71 pounds by 0748 GMT. "We are disappointed that our projections for wholesales have fallen short or our original targets, impacted by weakness in two of our key markets as well as continued macro-economic uncertainty," Palmer said. Overall wholesale demand grew by 6% in the first six months as the group posted strong increases in the Americas and Asia, but a decline in Britain and the rest of the continent prompted the carmaker to cut its full-year forecast. Aston has also been hit by expansion costs as it builds a new factory in Wales to make its first sport utility vehicle, and a lower average selling price. The company said that if it requires some additional financing it would pursue the funds from sources such as the debt markets. The global car industry has been hit by weakening demand in China and a drop in demand for diesel vehicles in Europe, as well as the cost of electrification. Nissan reported plunging profits last week and said it would undertake its biggest restructuring plan in a decade, axing nearly a tenth of its workforce. But 106-year old Aston also faces the risk of a disorderly Brexit disrupting its wholly British production, as delays at ports due to new bureaucracy could slow down the movement of vehicles and components. "We do not want a no-deal Brexit because of the disruption that causes to issues at the border," said Palmer.