10k Low Miles Navigation Automatic Aston Martin Autoamerica on 2040-cars

Auto blog

Aston Martin speeds ahead with October IPO worth perhaps $6.7 billion

LONDON — Luxury British carmaker Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its stock market flotation and has taken steps to prepare for any eventuality over Brexit, it said on Thursday. The company, famed for making the sports car driven by fictional secret agent James Bond, said last month it was pursuing an initial public offering (IPO), the first British carmaker to do so for decades. The automaker will publish a prospectus later on Thursday and hopes to announce its final pricing on or around Oct. 3. It expects its shares to be admitted to the London Stock Exchange on or around Oct. 8. Carmakers have warned about the impact of any customs checks introduced as a result of a no deal or hard Brexit which could slow down production and add costs when Britain leaves the bloc in March 2019. The boss of Aston, which builds all its cars in Britain, said the company had boosted its stock of engines and components in case free and unfettered trade with the European Union ends in a few months' time. "We're up to five days of engine stock for example and we've got a very large warehouse in Wellesbourne (in central England) where we have at least five days of car stock," Chief Executive Andy Palmer told Reuters, an increase from the previous three days' worth of components held by the firm. "If there are tariffs ... for every car we lose because of a 10 percent tariff into Europe, we presumably pick up from Ferrari and Lamborghini in the other direction because obviously their cars become more expensive in the UK," he said. London and Brussels hope to conclude a Brexit agreement by the end of the year, but fellow carmakers such as BMW and Jaguar Land Rover (JLR) are worried that failure to agree could lead to snarl-ups at motorways and ports, disrupting production. JLR boss Ralf Speth warned last week that the wrong Brexit deal could cost tens of thousands of car jobs and risk production at the firm, Britain's biggest carmaker. Aston, which has set a price range of 17.50 pounds to 22.50 pounds per share for the 25 percent of stock it is floating, is targeting a market capitalization of between 4.02 and 5.07 billion pounds. The carmaker, which has long said it could pursue a listing, has undergone a turnaround plan since Palmer took over in 2014 as it boosts its volumes and expands into new segments with a new factory due to open in 2019.

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.

Aston Martin V8 Vantage Series II spotted during 'Bond 25' filming

James Bond is known for piloting all sorts of cars from Aston Martin, Lotus, and even BMW. His most famous is obviously the silver DB5 from the Goldfinger, which had various cameo appearances in some of the newer Bond films featuring Pierce Brosnan and Daniel Craig. But for the latest installment to the series, it appears movie producers are going a bit more nostalgic. Norwegian news outlet Dagbladet reportedly caught wind of the movie's filming and production along Norway's scenic Atlantic Coast, where a later Aston Martin V8 Vantage Series II was spotted during a car chase cut. Diehard Bond fans would point out that the V8 Vantage from the 1970s and 1980s was Bond's vehicle in the films featuring Timothy Dalton as Bond, most notably "The Living Daylights." As seen from the exclusive photos and footage from Dagbladet, the Aston Martin V8 Vantage was being driven with some Toyota Land Cruisers and Range Rover Sports in pursuit. The brown Aston in use even had the same license plate as the one driven by Dalton's Bond: B549 WUU. This strongly implies that the V8 Vantage will make an appearance, in addition to the rumor that Bond will get an all-electric version of the Rapide. The next Bond film is rumored to be very nostalgic, especially since it's the 25th film of the franchise. Not much is specifically known however, besides the fact that Daniel Craig will return as James Bond while Rami Malek will take the role as the film's leading villain and antagonist. Supporting roles will be played by Naomie Harris as Eve Moneypenny, Ben Whishaw as Q, and Ralph Fiennes as M, as previously played in the last few movies. The latest film is directed by Cari Johi Fukunaga, who also directed HBO's "True Detective" and Netflix's hit series, "Maniac." Aston Martin also chimed in with its own nostalgic tribute to its role with James Bond with the launch of an Aston Martin DBS Superleggera that pays tribute to the franchise's sixth film ever, On Her Majesty's Secret Service.