2006 - Aston Martin Db9 on 2040-cars

Auto blog

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.

2021 Aston Martin DB11 Shadow Edition gives the V8 model some exclusivity

The entry-level 2021 Aston Martin DB11 with its Mercedes V8 is a very good sports car, and in some ways arguably better than the V12 versions, but it does lack some of the specialness of those with the most cylinders. Seemingly on cue, Aston Martin is bringing out a limited production DB11 Shadow Edition that's only available with the V8 engine. What sets it apart from other DB11s is that it gets lots of black trim. The exterior features darkened head- and taillights, gloss black wheels and hood "blades," and black chrome badging. The interior is finished in black leather and Alcantara with black anodized sill plates. The upholstery stitching is also matched to the brake calipers and can be had in gray, red or yellow. The Shadow Edition is available in coupe and convertible forms, but only with six color choices. For this lightly customized DB11, buyers will fork over $222,600, which is more than $20,000 more than a base V8 model. That's a lot of money for black trim, but customers are also getting exclusivity. Only 300 of these Shadow Editions will be sold globally. If you have the means and the desire for a limited production DB11, Aston is taking orders now. Related Video:    

Aston Martin reveals new prototype Vantage GT3 race car at Le Mans

Aston Martin is rolling out a prototype version of its new Vantage GT3 at the Michelin Aston Martin Racing Le Mans Festival race this weekend. The race car is a replacement for the V12 Vantage GT3 but won't be homologated for competition until March 1, 2019. It's also showing — but not racing — a new Vantage GT4. Both are based on the Vantage road car. The Vantage GT3 has a dry weight of 2,745 pounds and is powered by the same 4.0-liter turbocharged V8, but the Aston racing tuners have tweaked output to 535 horsepower and 516 pound-feet of torque, up from 503 hp and 505 lb-ft. It also keeps the road car's lightweight aluminum chassis but adds a steel roll cage, Xtrac six-speed sequential gearbox, Alcon motorsports multi-plate clutch, Ohlins four-way adjustable dampers, Alcon brakes and Bosch Motorsport ABS. It's being helmed by driver Ross Gunn. Aston introduced the V12 Vantage GT3 seven years ago. It's the brand's most successful customer car and most recently won the Blancpain GT Series Endurance Cup and British GT series. Aston is keeping the Vantage GT4 on display in its paddock for potential customers and race fans. It's also set to be homologated on March 1, 2019. Related Video: Featured Gallery Aston Martin Vantage GT3, GT4 Image Credit: Aston Martin Aston Martin Coupe Racing Vehicles aston martin v12 vantage aston martin vantage gt3