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Aston Martin proves the battery-electric Rapide E prototype can drive

On April 2, 2015, we wrote a report detailing an electric version of Aston Martin's Rapide sedan that could launch in two-to-three years. Today, January 25, 2019, we are here to post a video of the electric Rapide E prototype driving on its own for the first time. Chalk that long wait up to Aston's high bar of making it feel like a V12, the fact that it's Aston's first EV, and the company's thorough testing regimen. President and CEO of Aston Martin Andy Palmer took to Twitter to share with his followers "a moment of Aston Martin history." The video showed the first validation prototype of the Rapide E, the electric variant of the four-door performance car, moving under its own power. This was no Tesla Roadster warehouse video showing its incredible performance. It was simply the first footage of the Rapide E in slow action in a parking lot. ....and by coincident on 21/01/2019, at 8:14pm, another piece of @astonmartin history was made...... but quite what will remain a tightly held secret for now — Andy Palmer (@AndyatAston) January 21, 2019 This past September, Aston Martin officially announced it would build a limited run of 155 examples of the Rapide E. Co-developed with Williams Advanced Engineering, the Rapide E uses two electric motors to make 610 horsepower and 700 pound-feet of torque. It has a top speed of 155 mph and can do 0-60 mph in less than four seconds. Its WLTP range target is said to be over 200 miles, and an hour of charging is good for 185 miles, using a 400V, 50-kW charger. Aston says the car's 800V battery system can also be charged with a 100-kW+ charger at a rate of over 5 miles per minute. In addition to the video, Palmer commented that a second mark of Aston history occurred, but that it will remain a "tightly held secret for now." Expect the first Rapide Es to launch in the fourth quarter of 2019. Related Video:

Aston Martin owners rev up for possible sale or stock IPO

LONDON — Aston Martin's owners have hired financial advisory firm Lazard to prepare for a stock market listing or sale of the British sports car maker made famous by fictional spy James Bond, sources familiar with the matter told Reuters. Italian private equity fund Investindustrial and a group of Kuwaiti investors, who together own more than 90 percent of the marque, are hoping to cash in on a recovery in sales and are in the initial stages of a strategic review. They have hired investment bank Lazard to work on a preliminary plan and could either opt for an initial public offering (IPO) in the third or fourth quarter of 2018 or a trade sale, two of the sources said on Friday. A deal could value the maker of the sports car driven by Britain's Prince William on his wedding day at between 2 billion and 3 billion pounds ($4 billion), one of the sources said, adding a listing was the most likely option. However, no final decision had been taken and the investors could decide to retain control, the sources added. Investindustrial declined to comment while Aston Martin and Lazard did not return requests for comment. Adeem Investment, one of the Kuwaiti investors, was not immediately available. If successful, a float of Aston Martin would be a milestone deal for the 104-year-old car manufacturer and would follow the IPO of Italian sportscar maker Ferrari which made its Wall Street debut in 2015 amid strong investor demand. Investindustrial, led by founder Andrea Bonomi, bought 37.5 percent of Aston Martin in 2012 in what was the fund's best-known investment in Britain. The fund, which has clinched a number of Southern European investments since its launch in 1990, is Aston Martin's single biggest investor and is driving the plans, the sources said. Beside Lazard, other investment banks have approached the private equity fund in recent weeks offering advice ahead of a possible IPO, another source said. Yet no other mandates will be awarded this year for the Gaydon-based firm, which is in the midst of a turnaround plan that aims to restore the business to profitability following six years of losses. Aston Martin, which recently unveiled its new Vantage model, is on course to post its first annual pre-tax profit since 2010 as strong demand for the luxury automaker's DB11 sports car boosts its performance.

Looking for a deal? Check out your nearest Acura dealer

For the fourth time in the last year, an Aston Martin out-discounts all other automakers by offering the largest monetary savings off the retail price of an automobile in America. This time, though, the discount isn't on the aging (though still beautiful) Rapide sedan or range-topping DBS Superleggera, it's for the DB11 sports car. For those keeping track, the DB11 also led this discount list back in May of 2020. This time, though, the price is even lower than before. Right now, buyers of the Aston Martin DB11 are seeing discounts of $24,330. That's a 12.1% cut off the car's average retail price of $201,820 and it means buyers are paying an average transaction price of $177,490. Still expensive, but really not bad for a drop-dead gorgeous machine with as much as 630 horsepower. Next in line is a familiar face, the Acura NSX. As impressive as the Japanese hybrid supercar may be, Acura has been running big rebates on the NSX for as long as we've been running these lists. This month, the NSX buyers are seeing discounts of nearly 14% for an average transaction price of $138,648. The third biggest discount this month shows up on the most expensive vehicle on the list. The Rolls-Royce Phantom carries an average sticker price of $537,500. But buyers are getting about 4% off that for an average transaction price of $516,333. It may not be a massive discount when measured by percentage, but when the asking price is so high, even a small discount equals big bucks. Related Video: