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Aston Martin to replace Rapide with DBX crossover, Lagonda sedan

Aston Martin is known best for two-door coupes and convertibles, but it has a history with other body styles. And it looks like Aston's future includes more versatile door configurations. Speaking with Car and Driver at the New York Auto Show, the company's new CEO Andy Palmer reveals a two-pronged plan to replace the four-door Rapide. One will be a new Lagonda sedan; the other a production version of the DBX crossover concept. Detailing the overall strategy for the British automaker, Palmer said, "First is replacing the entire sports car range; second is the DBX, and that appeals to a different set of audiences; and the third is the sports sedan, which will carry [the Lagonda] badge." The Lagonda, Palmer revealed, will not be the Taraf we've already seen. Although sales of that model are expanding beyond its initial Middle Eastern market, it won't be coming to North America due to US crash-testing requirements and the vehicle's short production run. The next Lagonda sedan, however, is more likely to reach these shores. The DBX meanwhile is slated to switch to four doors from the coupe-like profile of the concept, but keep similar overall dimensions and that sleek roofline – albeit modified to make it more accommodating. The crossover will also replace the concept's electric powertrain with a more conventional engine. And while we wouldn't rule out the name carrying over, we wouldn't be surprised to see the DBX adopt another handle on the road to production.

Aston Martin announces $306M in funding to build DBX, 'other new luxury vehicles'

Aston Martin has just gotten one step closer to building a crossover, as the British outfit has secured a 200-million-pound (about $306 million at today's rates) infusion of capital from its leading shareholders. The money will allow Aston Martin to develop "a new vehicle based on the DBX concept," although just how closely the production model will adhere to the concept's styling is unclear. Andy Palmer, the company's CEO, also hinted at other models being added, thanks to the funds. "This additional long-term funding, will enable us to add extra model lines and broaden our presence in the luxury market segment by the end of the decade. The DBX concept has generated interest far beyond our expectations," Palmer said in the attached statement. "The additional investment announced today will allow us to realize the DBX and other new luxury vehicles that will form the strongest and most diverse portfolio in our history." It's unclear what these "other new luxury vehicles" will include. Previous reports have indicated a Lagonda-badged replacement for the aging Rapide will be added to the range, although considering the age of the rest of Aston Martin's lineup, it's a safe bet that at least some of this money will also be put towards vehicles beyond the new CUV and sedan. Scroll down for the full press release from Aston Martin. Related Video: ASTON MARTIN LAGONDA ISSUES GBP200 MILLION FUNDING FOR PRODUCT EXPANSION • Investindustrial and Tejara Capital led a further GBP200 million in investment capital in the form of preference shares • Enables production of DBX luxury crossover, building on range of iconic luxury sports cars • FY 2014 revenues of GBP468 million and adjusted EBITDA of GBP66 million announced 30 April 2015, Gaydon: Aston Martin Lagonda today announced that with the leadership of its major shareholders, it has arranged additional committed funding of GBP200 million, enabling the 102-year old luxury sports car manufacturer to develop significant new luxury models that will drive the future of the company under its strategic business plan. The additional capital investment comes in the form of GBP200 million of preference shares; GBP100 million of which were issued on 29 April 2015 with the remaining GBP100 million – already subscribed for - to be issued in the next twelve months, and will further expand the previously announced investment plan. This major investment in new luxury models is at the core of Aston Martin's strategic vision.

Aston Martin Vantage GT3 gets it done the old fashioned way [w/video]

Aston Martin may be looking towards the future with new product unveiled here at the Geneva Motor Show like the Vulcan track car and DBX electric crossover concept. But it's not about to leave its existing lineup behind. That's where the model you see here comes in. What you're looking at is the new Aston Martin Vantage GT3 Special Edition. As you might have guessed, it's based on the Vantage that first arrived a decade ago, but has come a long way by now: where the original packed a 4.3-liter V8 with just 380 horsepower, the GT3 goes with Aston's long-serving 6.0-liter V12 tuned to 592 horsepower. That's more powerful than anything this side of the One-77. Of course Aston didn't just toy with the engine and then head to the pub. It also replaced many of the body panels with carbon fiber and junked anything extraneous to cut the curb weight by 220 pounds (compared to the V12 Vantage S), fitted it with a more aggressive aero package and mounted semi-slick tires on a wider track. Only 100 examples will be offered, so if you're not on the list, the closest you're likely to get is in the slideshow of live images from the floor of the Geneva Palexpo. Featured Gallery Aston Martin Vantage GT3 Special Edition: Geneva 2015 View 10 Photos Related Gallery Aston Martin Vantage GT3 View 22 Photos Image Credit: Live photos copyright 2015 Drew Phillips / AOL Geneva Motor Show Aston Martin Coupe Performance Videos 2015 Geneva Motor Show aston martin v12 vantage aston martin vantage gt3