2019 Aston Martin Vantage Coupe 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.

Q by Aston Martin makes a 430-hp V8-powered Cygnet

A V8-powered Aston Martin Cygnet with 430 horsepower and 361 pound-feet of torque could be the best definition of "Didn't see that coming" we've had all year. A customer requested the carmaker's customization arm, Q by Aston Martin — Commission, insert a 4.7-liter V8 from the last-gen Vantage S into the Cygnet's engine bay. The grafting job, dressed in Buckinghamshire Green, weighs 1,375 kilograms or 3,025 pounds with fluids, and posts a power-to-weight ratio of 284 hp-per-ton in U.S. parlance, 313 bhp/tonne in UK units. Aston Martin engineers shortened the intake system to keep the Cygnet's standard hood unmolested. The motor blows out the other end through a twin, centrally-mounted exhaust at the end of very short pipes. Other components carried over from the Vantage S include the front and rear subframes, suspension, most of the braking system, and seven-speed Sportshift II transmission. Torque steer isn't an issue, because the rears do the driving via a "miniature" torque tube that runs underneath a custom tunnel. Carbon wheel arches shield 19-inch wheels shod in 275/35 Bridgestone rubber, with six-piston monoblock calipers in front, four-piston monoblocks in back. In spite of Aston Martin calling this "The Ultimate City Car," additional modifications would indicate the owner has ultimate track plans for the V8 Cygnet. The Q department welded in a roll cage, occupants sit in fixed Recaro buckets with four-point harnesses, the driver grips a removable, Alcantara-covered steering wheel, there are leather pull straps on carbon door panels, a steel fuel tank fills the cargo area, and an FIA-compliant fire extinguisher system keeps things cool if the temperature gets too hot. Should the V8 Cygnet pretend to its city car origins, there's a Vantage instrument cluster, air conditioning, and two USB ports. Goodwood Festival of Speed visitors will get to see how she runs up the hill. The original Cygnet, based on the Scion iQ and out of production since 2013, got from 0-60 miles per hour in about 11 seconds. The V8 Cygnet does that in 4.2, and taps out at 170 mph — 60 mph past the standard Cygnet's top speed. Aston Martin says the original Cygnet "looks set to become a future classic." That could be optimistic. The V8 Cygnet, however, just might have the chops. Related Video: Featured Gallery Aston Martin V8 Cygnet View 12 Photos Aston Martin Hatchback Luxury Racing Vehicles Special and Limited Editions aston martin cygnet q by aston martin

Aston Martin shows its other half with new Lagonda Taraf sedan

It's been a long time since we've seen a new Lagonda, but here it is: the Taraf. Introduced a few months ago in Dubai, the new Aston Martin Lagonda Taraf has since been confirmed for wider availability outside of the Middle East – including Europe, though sadly not North America – and is making its major show debut here in Geneva. The Lagonda Taraf is based on familiar technology – built on Aston Martin's familiar VH platform and powered by the company's ubiquitous 6.0-liter V12 engine – but stretches longer than the more compact Rapide and with completely different styling than we've grown accustomed to seeing on modern Astons. Only 200 examples will be made, priced at what is sure to be a substantial premium befitting its scarcity and the revival of a long-dormant nameplate. All of which means that this represents a rare opportunity to see the new Lagonda up close... at least until Aston cooks up the next model to wear the badge. Related Video: