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Aston Martin to raise funds for new models including CUV, hybrid

Aston Martin CEO Andy Palmer named three leads for new vehicle programs when he took the reins, now the company is looking for the money to give those leads something to do. Reuters reports that the Gaydon firm is considering debt or equity financing to raise 100 to 150 million pounds ($156M to $234M US) in funding for "an expansion from the current model range," according to an unnamed source. On top of that investment round, Aston Martin is overhauling its working capital streams to unlock more funds. As one of the industry's few remaining independent carmakers, the company has an intense five years ahead of it, working to revamp its current vehicles with a 500-million-pound investment, entering new segments to grow sales to roughly 10,000 units annually from 4,200 cars in 2013, and pay down hundreds of millions of pounds in current debt. The big high notes observers will be looking for over the next few years are the successor to the DB9, pegged for 2016, profitability predicted in 2017, a huge debt note due in 2018, and the formal end of the recovery period in 2020. Our own eyes will be locked on the DB10 in Spectre, naturally, and the Lagonda-honoring Taraf in other markets, hopefully. At least one of the new vehicles is expected to be a crossover, a segment Aston seemingly cannot ignore now that Bentley and Rolls-Royce are committed to making plays there. However, Reuters says an official announcement of what we can expect won't come until the 2015 Geneva Motor Show. Among the other models said to be up for funding? Sedans (perhaps including a Rapide replacement?) and an unspecified hybrid.

Aston teases a topless DB11 before official Spring launch

Aston Martin has a lot riding on the new DB11. Aston Martin's CEO Andy Palmer called the vehicle the most important car the automaker launched in recent history, and on our first drive we said the new coupe is a great first step into the automaker's second century. So it shouldn't come as a surprise to hear that the automaker is working on a Volante variant of the DB11. The automaker teased the upcoming 2018 Aston Martin DB11 Volante with three images on its Facebook page. The lightly-disguised DB11 Volante reveals the upcoming roadster will feature a folding soft-top roof, with the writing on the door indicating that the vehicle will come out in the Spring of 2018. The three images only show the upcoming Volante's rear end, which is just as good looking as the coupe's. The front end should also mimic the regular DB11's, but the fact that Aston Martin didn't release any images of the Volante's front fascia has us thinking that it could be slightly different than the coupe's. Power for the DB11 Volante is expected to come from the automaker's all-new 5.2-liter twin-turbo V12 that generates 600 horsepower and 516 pound-feet of torque. While the coupe is able to hit a top speed of 200 mph and can get to 62 mph in 3.9 seconds, the Volante will be a little slower to 62 mph and will have a lower top speed, as well. Having a roofless DB11 will also cost more than the coupe's base price of roughly $212,000. With the DB11 Volante set to be revealed in the early months of 2018, we expect to see a lot more of the roadster in the upcoming months. Related Video:

Weekly Recap For 7.8.16 | Autoblog Minute

Senior Editor Greg Migliore recaps the week in automotive news, including a look at the new V12 hypercar coming from Aston Martin and Red Bull Racing. Aston Martin Jeep Autoblog Minute Videos Original Video autos Red Bull Racing hypercar am-rb 001