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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.

Best in Show From 2016 Geneva Motor Show | Autoblog Minute

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Aston Martin testing modified Vantage at the 'Ring

Aston Martin is on the verge of a renaissance that stands to be the biggest shift for the British automaker since it went independent in 2007 – if not since Ford took it over in the early 1990s. It's got a new chief executive, a new engine deal in place with Mercedes-AMG, a new platform under development and – if the new Lagonda sedan is anything to go by – maybe a new design direction in the works. And what do we have here? A test mule that could foreshadow one of the first new models of this new era. Spied undergoing testing at the Nurburgring (where else), this prototype looks for the most part like the existing V12 Vantage S, but with what look to be even wider wheel arches. The question, then, is what those widened wells are there to accommodate, and the most likely conclusion would be that new Mercedes engine. Aside from the lack of grille slats inside that trademark opening in the nose and the competition-spec alloys inset in those arches, there's not much else to go on. But that Aston is testing such a prototype at all is evidence enough that work is under way on something exciting, so watch this space.