Aston Martin DB9, page #6

Aston Martin DB9 Price Analytics

About Aston Martin DB9

Auto blog

Canadian billionaire Lawrence Stroll leads $240 million Aston Martin investment

After months of rumors and speculation, Canadian billionaire Lawrence Stroll confirmed he led the purchase of a 16.7% stake in Aston Martin for GBP182 million ($239 million). The investment is part of a GBP500 million ($656 million) round of emergency funding that will help the British automaker overcome serious financial challenges. Yew Tree Overseas Limited, a consortium of international investors led by Stroll, built its stake by buying 45.6 million new ordinary Aston Martin shares on the London Stock Exchange, according to Autocar. Aston Martin raised the remaining GBP318 million ($417 million) by giving existing investors the opportunity to buy more shares, the BBC learned. It's not a full bailout, but it's close. Aston Martin ended 2019 in dire financial straits. Stroll will replace Penny Hughes as Aston Martin's chairman; CEO Andy Palmer is expected to keep his job. Several sources confirmed the Racing Point Formula One team owned by Stroll will be rebranded Aston Martin after the 2020 season, and Autocar reported the company will quickly need to eliminate jobs and slash costs. "The difficult trading performance in 2019 resulted in severe pressure on liquidity, which has left the company with no alternative but to seek substantial additional equity financing. Without this, the balance sheet is not robust enough to support the operations of the group," Hughes admitted in an interview with the BBC. Stroll's' appointment to the Aston Martin board comes as the company prepares to overhaul its product plan. It notably confirmed the rumors claiming it put the battery-powered Rapide project on the back burner until further notice, and it delayed plans to revive the Lagonda nameplate on a series of extra-luxurious electric vehicles until after 2025. The first car was originally scheduled to reach the market in 2022, but the battery technology is expensive to develop, and Aston must save about 10 million pounds (around $13 million) annually. The firm will instead focus on mid-engined sports cars. Still according to Autocar, it will begin delivering the 1,160-horsepower Valkyrie hypercar this year, and it's on track to launch the Valhalla in 2022. The Vanquish will go mid-engined shortly after. Delaying electric cars doesn't mean abandoning electrification, and Aston Martin hopes to release "a fuel-efficient, modular V6 engine with hybrid capabilities" by the middle of the 2020s.

U.S. issues new tariff threat, this time against British-built cars

WASHINGTON — Britain is the United States' closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain's exit from the European Union. U.S. Treasury Secretary Steven Mnuchin said on Saturday in London that he was optimistic that a bilateral deal with Britain could be reached as soon as this year. But Mnuchin gave up no ground after a second meeting with his UK counterpart, Sajid Javid. Javid has insisted that Britain will proceed with a unilateral digital services tax, despite a U.S. threat to levy retaliatory tariffs on British-made autos. Mnuchin told reporters after Saturday's meeting that such taxes would discriminate against big U.S. tech companies like Alphabet Inc's Google, Apple, Facebook and Amazon. The UK Treasury declined to comment on the private meeting. The divide highlights the challenges ahead as the Trump administration seeks a new bilateral agreement with Britain, part of a broader push to rebalance relations with nearly all its major trading partners. The stakes are high — British Prime Minister Boris Johnson has pegged the trade deal with United States as a way to ease the pain of breaking with Europe, Britain's largest trade partner. U.S. President Donald Trump, has promised a "massive" trade deal to support Brexit, the product of a populist movement similar to his "America First" agenda. The goodwill and special relationship the two countries have enjoyed for decades may not count for much, experts say. "Trump is not going to be doing Johnson any favors," said Amanda Sloat, a senior fellow with the Brookings Institution in Washington. "He's not going to give him a trade deal without major concessions." Even before the digital tax issue arose, the Trump administration threatened to tax foreign car imports, which could hit British-made Jaguar, Land Rover, Mini, and Honda Civic hatchback cars. Stiff U.S. trade demands include increased access for U.S. farm goods, concessions that will be difficult for Britain's entrenched natural food culture to swallow. The United States also wants Britain to change the way its National Health Service prices drugs and allow in more U.S. pharmaceuticals, which could prove politically unpopular for Johnson's government. Washington's demand that London block Chinese telecoms equipment maker Huawei Technologies Co Ltd for national security reasons could also cloud talks.

You can buy this gorgeous one-off Aston Martin Jet 2 Bertone shooting brake

It was the last project built by Italian coachbuilder Bertone before it went bust, a one-off project designed and commissioned by the man who drove a 1954 Aston Martin DB2/4 around the world in 80 days, and now's your chance to buy it alongside the full-size clay model and fiberglass mold that preceded it. We’re talking about the Aston Martin Bertone Jet 2+2, a wagonized Rapide that we last saw at the Geneva Motor Show back in 2013. It was built in homage both to AstonÂ’s centenary and to mark six decades of cooperation between the automaker and the Italian design house. At the time, the identity of the client who commissioned it was kept secret. ItÂ’s being offered for sale by Barry Weir, the British motoring enthusiast famous for his four-continent, 22-country, 34,000-mile world rally record, set in 2000. He designed the shooting brake based on the Rapide saloon, added a rear hatch, full-length tinted glass roof and sliding rear floor, and got it approved by Aston, which reportedly intended to put the car into production after Bertone built 10 of them. But that never happened, as Bertone folded operations after this project. View 10 Photos Nevertheless, Weir says he found the fiberglass molds and clay model used to build the car earlier this year on auction in Italy while browsing the web. He managed to negotiate their removal from the auction and bring them back to the U.K., and heÂ’s even offering to sell the tooling set separately. “IÂ’m minded to sell the complete package, and the buyer can choose what they wish to do with it,” Weir says. “They could reproduce the moulds and model or, alternatively, have it as a one-off production car which is registered as Aston Martin Jet 2; which is a new model.” The finished product is said to share 70% of its DNA with the Rapide, including the stock 6.0-liter V12, offering 476 horsepower, and the same wheelbase and a nearly identical curb weight to the donor car. Inside, it features a 2+2 setup with four individual seats, the two in back foldable at the press of a button to make for hauling stuff, and Bertone gave the interior some wood, glazed aluminum and two-color leather trim, per request of Weir, whose name is etched on a plaque inside the cabin. The total design and build took around 3 1/2 months. Related Video:    

2020 Aston Martin DBX Prototype Drive | Sliding into your mentions

OMAN, Persian Gulf — The last time I got an Aston Martin this filthy was 5 years ago in dusty Anza-Borrego, California, where I ripped several illicit burnouts in a low-slung V12 Vantage S. This time around is dramatically different: Chief Engineer Matt Becker, seated alongside me, is actually egging me on to powerslide an Aston Martin DBX across an off-road trail in Oman — the first time IÂ’ve ever been encouraged by Aston brass to hoon one of their vehicles, let alone a priceless prototype, in the dirt. You wouldnÂ’t expect Becker, who spent 26 years at Lotus, to be an SUV guy. But the hardcore chassis and handling guru says the DBX project gave him a new respect for the genre because sport utes need to do far more than just go around a track quickly: TheyÂ’re required to tow, support weight on their roofs, and manage all manner of terrain, all while creating a comfortable living space for their passengers. “Once you push them and understand what they can do off-road, on-road, on-track,” he tells me while IÂ’m tackling a rock-strewn trail at highway speeds, “you really start to respect what theyÂ’re capable of.” Building the DBX will also show us what Aston Martin is capable of — capable of surviving, that is. The new decade is shaping up to be the most challenging yet for the storied carmaker, so bringing a viable sport utility vehicle to market is essential. And though weathering severe business headwinds seems to be an ongoing pastime for Aston Martin, the brandÂ’s first-ever crossover gets a rather ambitious hardware package. The DBXÂ’s bonded aluminum chassis is entirely unique to the model, as is the brandÂ’s first-ever air suspension system. While thereÂ’s no V12 available in the DBX — that honor remains reserved for Rolls-Royce's almighty $325,000 Cullinan — the AMG-sourced, 4.0-liter twin turbo V8, while similar to the mill found in the DB11 and Vantage, has also been coaxed to produce more power: 542 horsepower and 516 pound-feet of torque, capable of launching it to 60 miles per hour in 4.3 seconds and a top speed of 181 mph. But building AstonÂ’s first-ever SUV from the ground up enabled unique packaging opportunities in addition to the specific hardware. For instance, market research revealed female drivers were often frustrated because most cars donÂ’t have a place to stash their purse.

Geely in talks to take a stake in Aston Martin

China’s Geely Automobile Holding held talks with Aston Martin management and investors as it considers investing into the British luxury carmaker, the Financial Times reported on Friday. Geely is conducting due diligence as it looks at taking a stake in the 107-year-old UK firm, which warned earlier this week its 2019 profits would by cut nearly in half due to weak European markets. Another report out today said that Aston had canceled its RapidE electric car because of its financial situation. Geely owns controlling stake in another British car company, Lotus, and also the London EV Company, which makes London cabs. It also owns Volvo and a nearly 10% stake in Daimler. Aston Martin was not immediately available for comment. Geely did not immediately respond to a request for comment.  Related Video:     Earnings/Financials Green Aston Martin Geely

Aston Martin reportedly cancels electric RapidE amid money troubles

Aston Martin's first production-bound electric car won't be based on the Rapide after all, according to a recent report. The British firm allegedly canceled the RapidE project after several costly delays. British magazine Autocar learned from a source close to Aston Martin that it has consigned the sedan to the automotive attic to focus on ramping up production of the DBX, its first SUV. It's a hugely important model that will make or break the company's 2020 balance sheet. Other seemingly random projects like the ACH130 helicopter co-developed with Airbus are much less distracting because there's little substance to them; it's essentially just a nice interior and an eye-catching paint job. The RapidE, however, was a new car under a familiar body. Presented as "a truly historic step" that would pelt Aston into the world of electrification, it snubbed the Rapide's 6.0-liter V12 and instead offered drivers an electric powertrain with 610 horsepower and a 65-kilowatt-hour lithium-ion battery pack. The firm quoted a 200-mile driving range, which is on par with the Porsche Taycan's EPA rating, and a 4-second sprint to 60 mph, which is about as quick as a gasoline-burning Rapide. Development work began in 2015 with the help of LeEco, a Chinese tech giant-turned-electric car manufacturer founded by Jia Yueting, the man behind Faraday Future. Aston Martin chose to finish funding the project on its own after money trouble forced LeEco out. Williams Advanced Engineering provided its expertise, but Aston Martin had to foot the bill on its own, so the RapidE went from a low-volume model to a limited-edition sedan. Aston Martin planned to make 155 examples of the RapidE in a new facility located in St. Athan, Wales. Each one carried a price tag reading "on application," which is automaker-speak for "really expensive," and one was spoken for by James Bond. We reached out to the company to verify Autocar's report, but were told they couldn't comment on future product speculation. There's no word yet on what this means for the other electric cars Aston has in the pipeline, including two luxury sedans previewed by concepts and intended to revive the dormant Lagonda name in the early 2020s. Featured Gallery Aston Martin Rapide E:Auto Shanghai 2019 View 11 Photos Green Aston Martin Electric Sedan

Aston Martin V12 Speedster will ditch roof and windshield

If your hunger for supercars with no windshields wasn't satiated with the McLaren Elva, we have good news. Aston Martin has one of its own to be revealed later this year. It's simply called the Aston Martin V12 Speedster, and sounds like it will be entertaining. Though the car hasn't been fully revealed, the teaser image gives us a good look at the profile. The nose is pointy with a huge grille like the Aston Martin Vantage. The short deck with tall rear spoiler is also Vantage-esque. Between the wheels appear to be some very aggressive air vents and character lines. And of course, there's no roof or windshield. There are cowls behind the seats, which are fitting since Aston says this car is inspired by the Le Mans-winning 1959 DBR1 race car and the 2013 Aston Martin CC100 concept car, both open sports cars. Powering the V12 Speedster is, obviously, a V12 engine. It's a version of the twin-turbocharged 5.2-liter that's been used in different versions of the DB11. In the Speedster it will produce 690 horsepower and 516 pound-feet of torque, which is less than the 715 horsepower and 664 pound-feet of torque in the monster DBS Superleggera. The engine is matched to an eight-speed ZF automatic transmission and rear-wheel drive. Only 88 V12 Speedsters will be built, and Aston is taking orders now. Completed cars will be delivered in early 2021. Pricing hasn't been announced, but we doubt that will be an issue for those ordering one. Related Video:    

Aston Martin stock price shaken and stirred by latest weak outlook

Aston Martin warned its 2019 profits would almost be cut in half due to weak European markets, sending its shares sharply lower as rivals Bentley and Rolls-Royce powered ahead. Tuesday's downgrade is the latest from the British luxury carmaker, whose shares have now plunged about three quarters in value since their 2018 listing. The 107-year-old firm, famed for being fictional agent James Bond's brand of choice, cut its forecast for wholesale volumes and profit margins in July, and reduced its volume forecast again in November. It has blamed weak UK and European markets and subdued demand for its Vantage model and said on Tuesday those conditions continued through December, leading to a 7% drop in wholesale volumes for 2019. "From a trading perspective, 2019 has been a very disappointing year," Chief Executive Officer Andy Palmer said, as the company's shares plunged as much as 16%. While Aston spent 2019 ploughing money into a new factory to build its first SUV, the highly lucrative market a number of carmakers have entered, rivals such as BMW-owned Rolls-Royce and Volkswagen-owned Bentley appear one step ahead. Bentley on Tuesday said its Bentayga SUV boosted the brand's performance in 2019 as it returned to profitability, while Rolls-Royce's Cullinan helped drive a 25% increase in sales to an all-time high of 5,152 vehicles. "Cullinan has proven to be an outstanding hot seller for the brand," Chief Executive Torsten Mueller-Oetvoes told Reuters. "We are sitting now on an order bank reaching even far into 2020." Aston hopes its first SUV, the DBX, will emulate this success and revive its fortunes next year. About 1,800 orders have been booked since its launch in November, the company said. "The order rate is materially better than any other car that we have ever launched before," Palmer told Reuters. For 2019, Aston expects adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of 130-140 million pounds ($171 million to $184 million). The company reported 247.3 million pounds in core profit a year earlier, while analysts' average forecast was 196 million pounds for 2019, according to a company-compiled consensus. Aston said it was also in talks with investors for a potential equity investment and would draw down $100 million in bond notes. Its shares, which have lost nearly 3 billion pounds in market value since their listing, were down 11.1% to 464.8 pence at 1136 GMT.  

Aston Martin and Airbus reveal ACH130 AM helicopter collaboration

The Aston Martin DBX is one of the brand's several recent forays into novel territory. In November, the carmaker unveiled a motorcycle co-created with Brough Superior, the AMB 001. A month later, the brand teased a liaison with Airbus Corporate Helicopters with the ACH130 model at its heart. Here we have the result after 12 months of planning, the ACH130 Aston Martin Edition. The exterior lines of the six- or seven-seat chopper most often used for "sightseeing services, charter operators, and emergency medical services" are unchanged. Aston Martin's creative hand came in composing four exterior color combinations and an interior embellished with the carmaker's hallmarks. The pictured ACH130 AM wears livery in Stirling Green that fades into Jet Black underneath, accented with Skyfall Silver cowlings. The remaining three choices use Xenon Grey, Arizona, or Ultramarine Black as their primary colors. Seats profiled to recall Aston Martin road cars can be dressed in hides of colored Oxford Tan, Pure Black, Cormorant, or Ivory. Brogue detailing decorates the strip of Pure Black ultra-suede running down the center of the front seatbacks, stopping at hand-crafted leather satchels affixed to the lower portions. The rest of the interior is trimmed in matching leather and Pure Black ultra-suede, with embossed Aston Martin wings "tastefully positioned throughout the cabin," and a plaque inscribed with the edition number of the particular ACH130 AM. The bird can be ordered as of now, with deliveries to begin this quarter. Aston Martin and Airbus didn't release the price, but a standard ACH130 costs $3.3 million before frills. That makes the ACH130 AM the most wallet-friendly offering among Airbus' carmaker collaborations; the Mercedes-Benz ACH145 costs about $8.5 million, the ACH160 developed with Peugeot's design consultancy requires roughly $18 million. Related Video:

Aston Martin and Gentex show off tri-camera rearview mirror system for CES

More screens and cameras are headed for Aston Martin vehicles this decade, as Gentex and Aston have just jointly revealed a new tri-camera rearview mirror system. The tech will be on display next week in a 2020 Aston Martin DBS Superleggera at the 2020 Consumer Electronics Show. This tri-camera mirror system is similar to other camera mirror systems on the market today, but there’s a twist. Instead of the whole rearview mirror being one big screen, there are two smaller screens flanking the center display. These two additional screens display a feed from cameras on the carÂ’s two side mirrors. Camera side view mirrors already exist in some cars like the Audi E-Tron and Lexus ES in other markets, but the integration is different. Instead of replacing the side mirrors with tiny camera modules, Aston Martin is keeping the mirrors and simply adding a single camera to each one. Also, instead of displaying the side camera feeds near the A-pillars, itÂ’s routed into the small screens in the mirror itself. Gentex calls it the CMS (camera monitoring system), and while Aston Martin doesnÂ’t specify which models will get it, weÂ’re told to expect it on “future Aston Martin vehicles.” One of the aspects of this system Gentex stresses is that itÂ’s weather foolproof. Even if salt, snow or rain clouds/blocks one of the cameras, the traditional mirrors are still there to be used as a backup. Vehicles that use camera mirrors exclusively are engineered to make sure the view isnÂ’t inhibited, but Gentex doesnÂ’t want to take any chances with this system. The rearview mirror can function like a normal auto-dimming mirror, too, even though that camera is unlikely to become blocked from its placement just above the rear window. The biggest advantage we see in this setup is that one glance upward can give you a full idea of whatÂ’s going on behind and beside you. ItÂ’ll require some time in the driverÂ’s seat to decide if itÂ’s too much information and too many screens in one spot. WeÂ’ll reserve final judgement when it reaches that point. Since relying solely on camera mirrors is still not allowed in the U.S., this hybrid system might be the best way to take advantage of the tech. ThereÂ’s no timeline on production readiness, but anyone in Las Vegas going to CES can see it in action.