Honda to invest $2.75 billion in self-driving car unit of General Motors
Shares in luxury automaker Aston Martin dropped as much as 6.5 percent on their market launch in London on Wednesday as investors and analysts raised issues over its ability to provide an ambitious roll-out of new models. The company, which last year made its first profit since 2010 and has gone bankrupt no less than
- Published in Aston Martin, General Motors
Aston Martin intends to steer round Brexit to $6.7 billion IPO
Luxury British automaker Aston Martin is looking for a price tag of up to 5.1 billion pounds ($6.7 billion) in its stock market debut in October and has prepared for any Brexit outcome, it stated on Thursday. The company, known for making the sports car stated in August that it planned to sell about 25
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Aston Martin prepares to go public as turnaround picks up speed
Luxury automaker Aston Martin prepares to float on the London Stock Exchange, finishing a turnaround for the once perennially loss-making company that could now be evaluated at up to 5 billion pounds ($6.4 billion). The 105-year old firm, known for building the sports car driven by fictional secret agent James Bond, would be the first
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Aston Martin has not enough time for tech customs solution to Brexit
The boss of automaker Aston Martin cautioned it was probably too late to present the kind of technology required for the post-Brexit customs plan that is supported by many British eurosceptics. Chief Executive Andy Palmer said that getting the technology in place would cost millions of pounds and it appeared to be too late to
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Aston Martin prepares for more growth ahead of potential flotation
Luxury British automaker Aston Martin remained in the black in the first quarter of this year, although pretax profit dropped because of a weaker dollar and investment on a series of model launches. Following six years of losses, James Bond’s favorite automaker swung to a pretax profit in last year, powering speculation of a possible
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Aston Martin to recall more than 5,000 vehicles in U.S.
British sportscar maker Aston Martin is recalling about 5,500 vehicles in the United States because of the problems with powertrains and battery cables, as per the files published on the National Highway Traffic Safety Administration’s (NHTSA) website. The recalls are expected to start on February 1, 2018, and come as the owners of the automaker
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Investindustrial rejects seeking to raise stake in Aston Martin
Italy’s Investindustrial is not in discussion about boosting its stake in Aston Martin and no decision has been made on a possible stock market listing for the British automaker, the private equity group stated, rejecting an earlier newspaper report. Italian daily Il Messaggero had reported on Sunday that the fund was in sophisticated negotiations to
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Aston Martin reveals 2019 Vantage model
Luxury automaker Aston Martin revealed its new Vantage model on Tuesday, as it pursues a turnaround strategy designed to return it to profitability and establish a possible stock market flotation. The central England-based company, famous for making the sports car driven by fictional James Bond, is on its way this year for its first pre-tax
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Aston Martin To End Production Of Vanquish S With Ultimate Edition
Aston Martin is ending production on the existing Vanquish S, however not before presenting a special edition version. The Vanquish S Ultimate, limited to 175 cars, features unique design information throughout the outside and interior. The automaker is providing the Ultimate Edition in both coupe and convertible type. Either way, similar to any appropriate special
- Published in Aston Martin, Luxury
Aston Martin relies on an SUV to drive its future
The arrival of Aston Martin’s DBX sport utility vehicle in 2019 could result in more than double sales of the automaker by early next years, its CEO informed Reuters. The companys’s arrival into the fast-growing super-premium SUV market “definitely changes business,” Andy Palmer stated in an interview in the United States. It could improve sales
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Aston Martin Debuts The Stunning Vanquish Zagato Speedster
After a range of spy pictures of the Zagato Speedster captured running the Nurburgring and a lot of the B-roads in Germany, Zagato and Aston Martin have ultimately revealed the group’s recent stunning product. The Vanquish Zagato Speedster is based upon the Aston Martin Vanquish and marks the third in Zagato’s Vanquish series of one-off
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Concours of Elegance 2017 to feature four of the rarest Aston Martin cars
Concours of Elegance 2017 will invite a number of rare and important Aston Martins to Hampton Court Palace in the upcoming September, following the history of the brand from the 1923 Aston Martin ‘Clover Leaf’ through to the DBR9/01 racer. There will likewise be a special Aston Martin V8 display of over 100 vehicles, consisting
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Aston Martin DB11 Gets Twin-Turbo V-8 Engine Option For 2018 Model
Aston Martin has revealed that the DB11 will acquire a 2nd engine option for the 2018 model year, a 4.0-liter twin-turbo V-8 that loads 503 hp and 516 lb-ft of torque, sourced from Mercedes-AMG. The new engine will slot under the more effective 5.2-liter twin-turbo V-12 estimated at 600 hp and 516 lb-ft. The only
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Aston Martin electric car’s plans downsizes after LeEco exit
British sports automaker Aston Martin has downsized production plans for its first electric model after the partner LeEco pulled out of the task, CEO Andy Palmer informed Reuters on Monday. The outcome, however, might be a lot more exclusive car, targeted at customers who think about Tesla’s top of the range $130,000 Model S to
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Aston Martin recalls 1,658 Vantage cars, following incidents in China
Aston Martin Lagonda is recalling 1,658 Vantage cars following issues with a regular transmission software update caused incidents in China in which some cars stalled and lost power, its CEO Andy Palmer informed Reuters. Palmer stated the decision was taken after a group of Aston Martin engineers went to China in May to investigate an
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