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Aston Martin may soon follow Ferrari with a London IPO

Aston Martin may soon be following Ferrari's lead, as Automotive News reports that people within the British automaker say it may soon consider an initial public offering. If it happens Aston Martin will likely list in London, not New York like Ferrari. While some in the industry were initially wary of Ferrari's move, the company is doing better than ever, with shares rising 62 percent since its IPO in 2015. An IPO could be a huge plus for Aston Martin. The company is looking to boost both sales and profit. Ferrari and Aston Martin sell similar vehicles at similar price points, but Ferrari has a much wider audience, even if most of those fans will never even sit inside one of its cars. That would likely be a big sticking point in estimating Aston Martin's value. It also moves half as many units as Ferrari per year. Aston Martin does have a new crossover on the horizon. Like Porsche, a crossover has the potential to more than double the automaker's sales. Even without it, fourth quarter profits in 2016 notably increased, fueled by solid sales of the new DB11. The IPO won't happen until sometime next year. The company wants to wait on a full 2017 earnings report. Related Video: News Source: Aston Martin Earnings/Financials Rumormill Aston Martin Ferrari stock

Mid-engine Aston Martin Project 003 supercar teased

Aston Martin has officially announced its next mid-engine supercar with a teaser and a working name: "Project 003." From the teaser image, it should be a stunner with a body that's all curves and wide athletic haunches. We also dig the exhaust outlets through the engine cover. Aston says the supercar will borrow some technology from the Valkyrie, with that car's lightweight construction, active aerodynamics and active suspension likely candidates. Still, Project 003 will be a very different vehicle. For one thing, it doesn't have an absurdly high-revving naturally aspirated V12. Instead, it's a gas-powered, turbocharged hybrid. Aston Martin hasn't said how many cylinders, but it seems safe to say it will have at least eight. Then there's the fact that this will be more practical for road use, with Aston specifically mentioning that this car will actually have luggage space. How novel! We expect that the car will be a bit more civilized in the ride and noise departments, too. Aston Martin says that the first of 500 total examples will reach owners starting in late 2021. While it hasn't said for sure, we expect to see the car unveiled at the Geneva Motor Show. Between the show and when it reaches customers, it will probably get a real name, just as the Valkyrie began life as Project 001, and the Valkyrie AMR Pro was Project 002. Related Video: Green Aston Martin Coupe Hybrid Luxury Supercars

The legendary Aston Martin DB4 GT is reborn

The trend of resurrecting ghostly automobile legends continues with Aston Martin, which announced Friday it's building a limited run of 25 more DB4 GTs. Originally built from 1959 to 1963, the DB4 GT was among the most powerful British cars of its era and a precursor to the modern supercar. Just 75 DB4 GTs were built during the first run. The GT model was lighter and more powerful than the stock DB4, giving it excellent racing chops. Stirling Moss drove the GT to victory at Silverstone in its competition debut in '59. It's a rare breed with a deep lineage. Within that first batch, just eight even lighter-weight models were built, and Aston is using those as the basis for its continuation series. The company says it will build them in Newport Pagnell in England, its headquarters for decades and now home to the Aston Martin Works heritage division. The DB4 GT continuation brings assembly work back to Newport Pagnell for the first time since production of the Vanquish S left in 2007. The original DB4 GT was produced on this site. The new cars will wear VIN numbers that pick up from the end of the first run in '63. They will use a version of the Tardek Marek-designed straight six-cylinder engine making an SAE-rated 331 horsepower with three twin-choke Weber carburetors. Though it's a straight six like the original, Aston started "from scratch" with the new one, a spokesman said, drawing on the DB11's supplier for the castings. Modern elements, like an FIA-spec roll cage, fire extinguisher, and seat belts will also be added. It will weigh 2,706 pounds. The DB4 GT employs a four-speed David Brown manual gearbox. The car rides on a tubular frame with an independent front suspension; the rear is a Watts linkage setup and both use coil springs. The fuel tank holds 36 gallons, which should prove useful for racing. In that vein, these 25 will be track-only models, and buyers will be able to participate in an international driving program that spans two years and visits circuits like Yas Marina. Owners can receive training from Aston experts like Darren Turner, who counts several class victories at Le Mans. The cost? About $1.9 million at the prevailing exchange rates as of this writing. Aston will begin delivering the DB4 GTs in summer 2017. It joins the growing field of nostalgic continuations, like the Jaguar XKSS, that pick up where the original lineage left off.