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Aston Martin to open test center at Silverstone, British racing's Mecca

LONDON — Aston Martin will open a test and development center at Silverstone, the home of British Formula One racing, as the luxury carmaker continues to expand ahead of a possible stock market offering. James Bond's car brand of choice is undergoing a turnaround plan designed to boost its model lineup, quadruple volumes and produce its first sport utility vehicle at a new plant in Wales. The firm, which sponsors the Red Bull Formula One team, said its Silverstone site would open in October and employ 60 people. Many Formula One teams have been based close to Silverstone in central England, leading the area to become known as motorsport valley. Silverstone hosted the first Formula One championship race in 1950. "The company is now investing for growth across the Aston Martin and Lagonda brands," said Chief Executive Andy Palmer in a statement, also announcing the opening of a central London office. Aston said the new locations would help increase the firm's total workforce by over half to 5,000 by the end of 2022. After six years of losses, Aston Martin swung to a pretax profit in 2017, and the company has said it is considering a stock market IPO, which sources have told Reuters could come as soon as this year. Reporting by Costas PitasRelated Video:

Aston Martin Rapide AMR a limited-edition last hurrah before the DBX

The Aston Martin Advanced Operations department would like you to meet the Rapide AMR. The second Aston Martin product to highlight race-to-road synergies after the DB11 AMR, the production version follows the concept shown at the 2017 Geneva Motor Show. Unless the auto market suddenly veers back to sedans, the "hardcore" Rapide AMR will be one of the carmaker's last big swings at the four-door fastback until the Rapide retires in 2020 to make way for the DBX crossover. Its tech updates were tested and proved at the Nurburgring earlier this year, resulting in final specs that have changed slightly from the concept. While the UK and European Union get a version of the 6.0-liter V12 that makes 595 horsepower, the U.S. and the rest of the world must make do with 580 hp, a 28-hp increase over the Rapide S. Torque holds steady worldwide at 465 pound-feet, same as in the Rapide S. Aston Martin quotes a 0-60 mile-per-hour time of 4.2 seconds, also matching the S version, but a top speed of 205 mph, two mph beyond the standard sibling. The two Rapides could never be confused because of the AMR's vented carbon fiber hood, front splitter, sills, decklid, decklid spoiler, and rear diffuser wrapped around a new quad exhaust. Black mesh fills the grille, Zagato-like running lights rest at the front corners. The sedan sits 10 millimeters lower, but on forged 21-inch wheels — the largest ever fitted to an Aston Martin — with spokes designed to aid in brake cooling. The carbon ceramic brakes are a first for the Rapide, six-piston calipers doing the work up front, four pistons in the rear. Indecisive buyers can start with one of three exterior design themes: Standard, Silhouette, or Signature. The first two start with either Mariana Blue, Scintilla Silver, Lightning Silver or Onyx Black, but Standard puts AMR Lime accents on the splitter, sills, and rear diffuser. Silhouette swaps the Lime dainties for a full-length stripe in China Grey or Clubsport White. Signature goes full race, with Stirling Green the primary color and a Lime strip and Lime accents hinting at Aston Martin Racing liveries. Inside, Alcantara with embroidered AMR logos and welting in Lime or Galena Silver seats flank a full-length carbon fiber center tunnel. Before adding options like carbon fiber door handles or a One-77 steering wheel, the price of entry is $240,000, a $34,000 premium over the Rapide S. The first of just 210 cars will be delivered in the later part of the year.

Aston Martin CEO dreams of an electric future for James Bond

With an endless stream of leggy models, futuristic weapons, and a dashing wardrobe, James Bond can rightfully be associated with indulgence. But his car of choice may soon take on a more ecologic bent by way of electric motor and some batteries. So says Andy Palmer, who is predicting an electric vehicle in Bond's future. EVS are 'almost as inevitable as death and tax.' - Andy Palmer Palmer, of course, is CEO of Aston Martin. As he said in a recent interview with CNBC, mass adoption of electrified vehicles is "almost as inevitable as death and tax," and that will extend to Bond – James Bond – as well. Take a look at CNBC's one-minute video clip with Palmer here. The fictional character has been linked to Aston Martin since the third James Bond film, 1964's Goldfinger. In it, the spy, then played by Sean Connery, drove an Aston Martin DB5. Most recently, Aston Martin built James Bond's DB10 especially for the 2015 film Spectre. The lure for the spy would be less the environmental statement and more the fact that electric cars have a ton of torque and can take off like a shot, says Palmer. He should know, having joined Nissan in 1991 and playing a key role in the development of the Nissan Leaf. He also pushed Nissan to add an electric powertrain to the Infiniti LE with the goal to do so by 2014, but by that year he'd left Nissan for Aston Martin. As for the UK automaker, it said last year that it was working with investment firm ChinaEquity on fitting the Aston Martin Rapide with an electric powertrain by 2017, and the car may have as much as 1,000 horsepower, too, which should be plenty for Bond. The company may also be working on an all-electric DBX SUV.