2008 Aston Martin Martin Convertible. Many Extras. All Options on 2040-cars

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Aston Martin posts deep quarterly loss as coronavirus pandemic dents sales

LONDON — Aston Martin posted a deep first-quarter loss after sales dropped by nearly a third due to the impact of the coronavirus crisis, though the luxury car maker said production of a crucial sport utility vehicle was on track. Aston Martin, popular for being James Bond's carmaker of choice, suffered a torrid time since it floated in October 2018, seeing its share price tumble from 19 pounds to around 40 pence. Dire conditions forced the company to bring in Canadian billionaire Lawrence Stroll to invest in the firm, while Aston said it will continue to review future funding and refinancing options to boost liquidity. The pandemic hit demand and forced factories around the world to suspend production. However, Aston resumed operations as its Welsh plant last week but not at its other site located in southern England as yet. "We were obviously fairly significantly hit by COVID-19, starting with China in January but more clearly in what we saw as it came across towards Europe and the United States," Chief Executive Andy Palmer told Reuters. The company posted a pre-tax loss of 119 million pounds ($145 million), compared with a loss of 17 million pounds ($21 million) last year, and said it could no longer provide an annual outlook. Its full-year loss in 2019 came in at 104 million pounds. Shares were down 5% at 36 pence, as of 07:35 GMT on Wednesday. The carmaker said production of its DBX SUV, which is key to boost volumes and appeal to new buyers including more women, was on track and had a strong order book. The luxury brand, which has seen core retail sales slump by an annual 31%, has furloughed staff, introduced additional safety measures and cut the pay of its senior management as part of measures to handle the crisis caused by the pandemic. Stroll, who hopes to pursue a turnaround partly by sharing Formula One technology with the firm's range of road cars, leads a consortium that took a 25% stake in the company earlier this year as part of a capital raise worth 536 million pounds. "Given the ongoing uncertainties, as is prudent, the company continues to review all future funding and refinancing options to increase liquidity," the company said on Wednesday.   (Reporting by Costas Pitas; Editing by James Davey and Sherry Jacob-Phillips)

Favorite vehicles of 2017

The Autoblog staff has driven a lot of vehicles in 2017. This video showcases our favorite vehicles from this year, along with some thoughts on why they made the list. Wanna read more head over to https://www.autoblog.com/photos/best-drivers-cars-2017/ Aston Martin Audi Ford Jeep Lexus Porsche Autoblog Minute Videos Original Video porsche macan lexus lc 500 macan wrangler r8 Arts and Entertainment

Aston Martin Vantage Roadster goes fast, and so does its roof

Two years after the hardtop Aston Martin Vantage redefined the Vantage nameplate yet again, the coupe has dropped its top. Below the shoulder the Vantage Roadster holds true to nearly everything that compelled us to label the coupe "a significant milestone." Above the shoulder, a fabric top envelops an "ultra-compact" Z-frame that drops in 6.7 seconds and unfurls in 6.8. The carmaker says it's the fastest fully electronic mechanism out there, and operates at speeds of up to 31 miles per hour. Thanks to the frame's compact design, the car's lines don't differ much from the hardtop. Nor do the performance specs: The convertible gains 132 pounds over the fixed-roof, needs 3.5 seconds to hit 60 mph instead of 3.5, and maxes out at 190 mph, five miles per hour less than the coupe. Losing the rear hatch takes a bit out of luggage space, though, which declines from 12.4 cubic feet to seven. Aston Martin says the cubby will still swallow a full-sized golf bag and related paraphernalia. The Mercedes-AMG-sourced 4.0-liter twin-turbo V8 delivers the full 503 horsepower and 505 pound-feet of torque. Engineers tuned the suspension, differential, driving aids, and driving modes specifically for the convertible. The carmaker has made its seven-speed manual transmission newly available on the coupe this year — it was offered previously only on the Vantage AMR — but the droptop is barred from the row-your-own party. The Vantage Roadster sticks with the ZF eight-speed automatic. Convertible buyers can avail themselves of other additional kit introduced this year to celebrate 70 years of the Vantage name, said first applied to a more powerful version of the 1951 DB2 called the DB2 Vantage. The potential extras include Aston Martin's historic vane grille as well as new wheel designs. Deliveries begin in Europe during Q2, U.S. shoppers can expect summer delivery. Pricing starts at $161,000, an $8,000 premium over the coupe. Related Video: