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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.

Fisker sues Aston Martin for $100M over The Force 1

We were expecting Henrik Fisker to bring The Force 1, his next vehicle design, to next week's Detroit Auto Show, but that might not happen. In December an attorney for Aston Martin sent Fisker a letter asking the Danish designer to either not show his car in Detroit or to change the design. Fisker responded to that letter by filing $100-million civil extortion lawsuit against Aston Martin in a California Federal court, naming company CEO Andy Palmer, chief spokesman Simon Sproule, and chief creative officer Marek Reichman as defendants. Based on the overhead-view sketch, the English carmaker believes that The Force 1 is "strikingly similar to several of Aston Martin's cars, including the DB10" from the movie Spectre. At the same time the carmaker's letter to Fisker admitted that it doesn't know what the final design will look like, but it appears that the carmaker's intent to "protect its valuable rights if necessary" could not make way for patience. Or perhaps Aston Martin is trying to prevent another Thunderbolt episode before it starts. That incident last year involved the carmaker suing Fisker over his reimagined Vanquish, with the two settling the matter out of court. Fisker says The Force 1 has isn't based on an Aston Martin, and as part of the lawsuit submitted a design breakdown of both the DB10 and The Force 1. Fisker's latest is apparently in partnership with VL Automotive, the company that's been threatening to release a V8-powered Karma sedan for years now, and the Detroit show organizers say they've been working with VL, not Fisker. The lawsuit seeks the $100 million for punitive and compensatory damages and court costs, alleging that Aston Martin's actions "would subject [Fisker] to public humiliation, embarrassment in the industry, and significant financial losses." The public allegations go even further, Fisker's lawyer Jonathan Michaels saying that the English brand, "In an effort to protect itself from further market erosion... conspired and devised a scheme to stomp out Henrik Fisker's competitive presence in the luxury sports car industry." News Source: Wall Street Journal Design/Style Government/Legal Detroit Auto Show Aston Martin Fisker Coupe Luxury Performance lawsuit Henrik Fisker spectre aston martin db10

Aston Martin's AM-RB 001 hypercar will have a 6.5-liter Cosworth V12 and so much more

It's been a while since we heard any big news about the Aston Martin-Red Bull hypercar, the plainly named AM-RB 001. When it debuted last year, we got a look at the shape – and that's about it. Sure, a super-powerful V12 hybrid powertrain was promised, but we didn't have any concrete details on it or what was going into the pretty wrapper. Well, now Aston has made some announcements about partners, and they certainly have our attention: Cosworth, Ricardo, Multimatic, and Rimac. Cosworth, the famed engine supplier, will be supplying the engine. It's a 6.5-liter naturally aspirated V12. Aston had previously said the car will be a member of the one-horsepower-per-kilogram club, and so people are expecting the engine to make about 900 horsepower. It will of course be augmented by an electric motor, which will be fed by a high-performance battery from Rimac. (Yes, the same Rimac whose Concept_One has been shown in videos beating everything from Teslas to LaFerraris.) The as-yet-undefined amount of power will be routed through a seven-speed paddle-shift transmission supplied by Ricardo. And because you're going to want to stop, there will be big carbon-ceramic brakes – Alcon and Surface Transforms will supply the calipers and carbon discs. Multimatic, builders of awesome shocks, will make the carbon-fiber tub that everything goes into. Multimatic has worked with Aston in the past, including on its last limited-production vehicle, the One-77. Bosch is responsible for the ECU, traction control, and stability control. LED lights will be supplied by Wipac. So yeah, there almost aren't any high-profile companies left after this announcement. This car is going to be pretty extreme. Aston reiterates that it will build a maximum of 150for the road including prototypes, plus 25 more track-only models. They'll start going to customers in 2019. Related Video: Featured Gallery 2018 Aston Martin Red Bull AM-RB 001 Aston Martin Coupe Hybrid Lightweight Vehicles Performance Supercars aston martin am-rb 001