Volante 6.0l Nav 4-wheel Abs Brakes Convertible Roof - Power Cruise Control on 2040-cars

Auto blog

Aston Martin considers manufacturing cars in America

Aston Martin is getting closer to determining where it will built its new assembly plant. An initial shortlist included 19 possible locations, and now the company has reportedly narrowed it down to just four – two in the UK, one in the Middle East, and one here in the United States. The decision, however, may be dictated as much by outside factors as it is by the automaker's own preferences. The new plant is earmarked to handle production of the forthcoming new DBX. If Aston decides to build the crossover based on Mercedes underpinnings, it could opt to locate its assembly plant in the Southern United States to be close to the Alabama plant where Benz builds the GLE- and GLS-Class models. If Aston elects to build the DBX on its own chassis, it could open up a number of other options. According to Reuters, that could include two potential sites in the United Kingdom and another in the Middle East. The British automaker was previously reported to be closely considering a former Royal Air Force base in Wales to build its plant with considerable government incentives. Jaguar's former Browns Lane plant in Coventry was also said to be in contention. But Reuters reports that an 80-acre plot just to the north of Coventry in the Sutton Coldfield area is also on the table. Few details are known as to the potential Middle Eastern site, however the company is part owned by several Gulf-region shareholders. Although the largest portion of 39 percent is held by Italian holding company Investindustrial and 5 percent by Daimler, much of the remaining 56 percent is held by Kuwaiti investment companies. We don't doubt, then, that the oil-rich Persian Gulf state is in contention as well.

Bond, junk bond? Aston Martin financial ratings go south as it awaits DBX

Ratings agencies Standard & Poor's and Moody's have taken a dim view of Aston Martin Lagonda. S&P cut its credit rating on the storied carmaker deeper into junk territory this week, and Moody's revised its credit outlook to "negative" after the company raised $150 million in debt from a bond issue at 12% interest, with the option to raise another $100 million at 15%. The Standard & Poor's rating was trimmed by one notch to 'CCC+', which reflects substantial risks and takes it close to default territory after a faster-than-expected cash burn this year. The outlook is negative.  The negative outlook reflects ongoing pressure on profits, a high cash burn, and very high leverage in the face of heightened risks linked to a potential no-deal Brexit and new tariffs on car imports threatened by the United States. The potential salvation for the company is its new DBX luxury SUV, the success of which is critical to its ambitious growth strategy and ongoing creditworthiness, S&P said. But Moody's noted that it's burning cash at a high rate as it nears the launch of the DBX. The British carmaker, known as James Bond's favorite marque, has been hit by falling demand in Europe, the Middle East and Africa. It slumped to a first-half loss in July. Chief Executive Andy Palmer said concerns around Brexit and U.S.-China trade relations were skewing the outlook to the downside, so it was prudent to address investor concerns about its balance sheet. "Taking this debt on — short-term debt — is we think the correct tool to completely remove that thesis that we don't have sufficient liquidity," he told Reuters. "In every substantial and material way, this ensures that we can get through to DBX in spite of what all of those global uncertainties might throw at us." The main tranche comprises notes with an interest rate of 12% due in 2022, while the additional notes could be issued under the same terms if permitted, or could be issued as unsecured notes with an interest rate of 15%, Aston Martin said. Shares of stock in the company, which have had a precipitous fall since they listed in London in October 2018 at 19 pounds, were trading down 5% at 545 pence in early deals. Broker AJ Bell said Aston Martin was known for its high end prices and that situation now also applied to its debt. "These rates are very high and are a major red flag that investors consider the car company to be a high risk entity," it said.

Aston Martin Vantage AMR equipped with a stick shift to honor Le Mans win

Where and how a car debuts can say a lot about that vehicle. With the newest Aston Martin, the message is clear: It's all about the lasting visceral connection between driver and automobile. The Vantage AMR, with a manual transmission and a twin-turbocharged V8, debuted today at the 6 Hours of Spa-Francorchamps, the second-to-last race in the 2018-2019 FIA World Endurance Championship. Of the 200 examples, 59 will be available with special "Vantage 59" trimmings. We've known a manual-transmission Vantage was on the way for some time, but as our previous report said, this is the first time the Mercedes-AMG-sourced engine has been paired with a stick. So it expectedly took some time to develop. The brawny power source beneath the Vantage's hood is a 4.0-liter twin-turbocharged V8. It is rated at 503 horsepower at 6,000 rpm and 461 lb-ft of torque at 2,000 rpm. It has a top speed of 195 mph and has a claimed zero-to-60 time of 3.9 seconds. The AMR's stats are slightly down from the base Vantage due to use of the Graziano-developed seven-speed transmission. The automatic Vantage offers 505 lb-ft of peak torque and has a listed zero-to-60 time of 3.6 seconds. In part due to the change from automatic transmission to manual, the AMR is significantly lighter than the regular Vantage. Switching to standard carbon ceramic brakes also helped the AMR come in 209 pounds lighter, yet Aston says the car maintains its nearly even 50-50 weight distribution. Several technologies aim to keep the AMR's motorsport-inspired driving feel as smooth, quick and efficient as possible. The AMR has a limited-slip differential, adaptive damping (with Sport, Sport+, and Track modes), and AMSHIFT, Aston Martin's version of heel-toe-mimicking rev-matching. The driver selectable transmission aid also allows for full-throttle upshifting. Although Aston Martin is earning the attention and admiration of purists by building a Vantage with a manual transmission, not everybody will be lucky enough to get one. Production is limited to 200 units, with 59 of those cars offered in an extra-limited-edition "Vantage 59" spec (this was similarly done to the DBS). Honoring 60 years since the DBR1's win at the 1959 24 Hours of Le Mans, all Vantage 59 cars will wear Stirling Green and Lime suits. Inside, they get Dark Knight leather, Alcantara trim, and Lime accents. The remaining 141 cars are offered in Sabiro Blue, Onyx Black, China Grey, or White Stone.