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Aston Martin confirms DP-100 for Gran Turismo 6 and Goodwood debut

Gran Turismo 6 is set to come to life this weekend at the Goodwood Festival of Speed. That's where Mercedes-AMG will run its Vision Gran Turismo and Nissan will show a full-size mockup of its Concept 2020 Vision Gran Turismo. Now Aston Martin has announced it's getting in on the action as well with its Design Prototype 100. Aston has released a video two teaser images to give us a hint at what it's working on, but will reveal the finished product in the Supercar Paddock at Goodwood tomorrow, although we don't know if that will be in the form of a scale model, a full-size show car, a series of design sketches or a virtual rendition existing only in the game. From the look of the two images, though, it appears that we're dealing with an LMP-style racer with Aston's ubiquitous V12 mounted in the middle of a carbon-fiber chassis. What we do know for certain is that, when it's released for download next month, it will be the latest (but certainly not the last) in a long line of concepts designed specifically for driving on the PlayStation 3.

Aston Martin Rapide AMR spied testing at the 'Ring

At last year's Geneva Motor Show, Aston Martin launched its AMR line of limited-edition, high-performance models. The first two models presented were a Vantage AMR Pro designed only for the track, and a Rapide AMR that's was a slightly hopped up version of the Aston sedan. Though they were fully revealed back then, it seems Aston Martin has still been doing a bit of testing, since one of our spy photographers caught the Rapide AMR at the Nurburgring. The car is most certainly a test vehicle, since the hood and front bumper are unpainted. It's also missing its florescent green stripe down the middle. But it looks like there haven't been any visual changes to the bodywork compared to the show car. It is also missing four massive exhaust tips at the back. Still, it should have the same 592-horsepower V12 under the hood with a louder exhaust system and plenty of carbon fiber bits inside and outside of the car. This may be one of the only times we ever see one of these cars at the famous German race track, or any race track for that matter. Only 210 Rapide AMR cars will be built, meaning collectors will probably be squirreling them away into garages and only bringing them out for the occasional car show or Sunday drive. Hopefully Aston will also record and announce a lap time for the big-engine sedan, since we doubt anyone else will try to set a record time. Related Video: Featured Gallery 2019 Aston Martin Rapide AMR spy shots View 13 Photos Image Credit: CarPix Spy Photos Aston Martin Luxury Performance Sedan aston martin rapide aston martin racing aston martin amr

Bond, junk bond? Aston Martin financial ratings go south as it awaits DBX

Ratings agencies Standard & Poor's and Moody's have taken a dim view of Aston Martin Lagonda. S&P cut its credit rating on the storied carmaker deeper into junk territory this week, and Moody's revised its credit outlook to "negative" after the company raised $150 million in debt from a bond issue at 12% interest, with the option to raise another $100 million at 15%. The Standard & Poor's rating was trimmed by one notch to 'CCC+', which reflects substantial risks and takes it close to default territory after a faster-than-expected cash burn this year. The outlook is negative.  The negative outlook reflects ongoing pressure on profits, a high cash burn, and very high leverage in the face of heightened risks linked to a potential no-deal Brexit and new tariffs on car imports threatened by the United States. The potential salvation for the company is its new DBX luxury SUV, the success of which is critical to its ambitious growth strategy and ongoing creditworthiness, S&P said. But Moody's noted that it's burning cash at a high rate as it nears the launch of the DBX. The British carmaker, known as James Bond's favorite marque, has been hit by falling demand in Europe, the Middle East and Africa. It slumped to a first-half loss in July. Chief Executive Andy Palmer said concerns around Brexit and U.S.-China trade relations were skewing the outlook to the downside, so it was prudent to address investor concerns about its balance sheet. "Taking this debt on — short-term debt — is we think the correct tool to completely remove that thesis that we don't have sufficient liquidity," he told Reuters. "In every substantial and material way, this ensures that we can get through to DBX in spite of what all of those global uncertainties might throw at us." The main tranche comprises notes with an interest rate of 12% due in 2022, while the additional notes could be issued under the same terms if permitted, or could be issued as unsecured notes with an interest rate of 15%, Aston Martin said. Shares of stock in the company, which have had a precipitous fall since they listed in London in October 2018 at 19 pounds, were trading down 5% at 545 pence in early deals. Broker AJ Bell said Aston Martin was known for its high end prices and that situation now also applied to its debt. "These rates are very high and are a major red flag that investors consider the car company to be a high risk entity," it said.