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Aston Martin to unveil lighter, faster Vantage called GT8

After the Vantage GT12's (pictured above) success last year, Aston Martin will reportedly build a new race-inspired version of the coupe called the GT8. According to Autocar, the British sports car brand sent select customers invitations to an unveiling later this week. The note included a sketch of the car, including a road-scraping front splitter, big rear wing, and large diffuser. The GT8 will boast carbon fiber body panels like the GT12, and according to Autocar the new edition could be the lightest road legal Vantage ever. Inside, look for a race-inspired interior, which makes any trip feel a little more like being on the track. There's no official word on the powerplant yet, but the name likely gives away the secret. Where the GT12 has a 592-horsepower 6.0-liter V12, expect the GT8 to use a hotter version of the brand's V8. Customers would choose between a seven-speed manual or Aston's SSII automatic, Autocar claims. Aston Martin will build just 150 units of the GT8 – 50 more than the GT12. Going forward, the company plans to introduce two limited edition vehicles each year. The GT8 would be the first one for 2016, so there's still another exciting model to expect from the company. Related Video:

Aston Martin's lifeline buys carmaker time as SUV hits road

Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. Stroll agreed to buy up to 20% of the 107-year-old company and will become executive chairman of James Bond's automaker of choice, which has gone bankrupt seven times in its checkered history. A consortium led by Stroll will invest 182 million pounds($239 million), whilst major existing shareholders - primarily Italian and Kuwaiti private equity groups - will be part of a rights issue to raise 318 million pounds. "It likely gives them enough liquidity to tide them over for a couple of years," said Charles Coldicott, Redburn equity research analyst. Outgoing chairwoman Penny Hughes, who will be replaced by Stroll, spelt out the degree of trouble the firm has been in after core sales fell last year. "The difficult trading performance in 2019 resulted in severe pressure on liquidity which has left the company with no alternative but to seek substantial additional equity financing," she said. "Without this the balance sheet is not robust enough to support the operations of the group." Now Aston will need to turn the financial lifeline into part of a sustainable plan as it delays investment in electric vehicles and cuts its operating costs. A key future milestone includes around 1 billion pounds worth of debt due to mature in 2022. The company also suffers from lower gross margins than rival Ferrari, according to analysts at Jefferies, who have said scaling up is just as important as extra capital. Key to the company's success is its first foray into the lucrative SUV market, a late entrant compared to many rivals such as Volkswagen-owned Bentley and BMW's Rolls-Royce. Aston has built a new factory in Wales to make the model, known as the DBX, which it hopes will attract more women to the brand and some buyers to purchase both it and a vehicle from its traditional line-up. With the DBX model not due to roll off the production line until the second quarter of this year, the firm has taken the cost with only some of the benefit so far. Based in central England, Aston said earlier this month that it already had around 1,800 orders for the car which will retail for 158,000 pounds in Britain, a "materially better" rate than for any previous models.

Aston Martin's oldest car prepares for its 100th birthday bash

Aston Martin will celebrate in style the 100th birthday of its oldest-known remaining car. It will send the 1921 A3 to the annual Concours of Elegance taking place in September 2021 on the near outskirts of London. Fittingly, the Concours of Elegance is one of the most prestigious car shows in the world. It was first held in 2012 to mark the 60th anniversary of Queen Elizabeth's reign over the United Kingdom. It retains royal ties, so showing to the event in a bondo-colored Renault 18 is completely out of the question. Aston Martin's A3 will fit right in, however. Its name signals that it's the third car built by Aston Martin, and that it's powered by a Type A engine, which denotes a side-valve four-cylinder tuned to develop about 11 horsepower. That's a rounding error in 2021, but it was impressive in the early 1920s, and it allowed the A3 to set several speed records. It notably averaged over 86 mph during a 100-mile event held at the Brooklands track, which 100 years later is commonly associated with Bentley. After extensive testing, Aston Martin sold the A3 in 1923. It was sold and bought several times until it ended up in the hands of a man named R.W. Mallabar. He shipped it back to Aston Martin's headquarters when a connecting rod failed, and he asked the company to refinish it in gray with red wheels while it was tearing apart the engine. The A3 then disappeared until 2002, when it appeared at an auction and its historical significance was uncovered. Aston Martin received the A3 as a generous donation in 2003, and it commissioned Ecurie Bertelli to give it a full — and painstakingly long — restoration. Its frame was rebuilt from scratch with ash wood, and it received a reproduction body made with hand-beaten panels. It's now black with black wheels, which is the livery it wore until Mallabar commissioned a respray. Its engine was rebuilt during the refurbishment, so it moves under its own power. Whether that means the A3 will drive to the event under its own power hasn't been revealed. Regardless, when it gets there, it will bask in the sun (or get drenched by a late-summer storm) next to a star-studded lineup of Gulf- and Martini-liveried race cars and other historically significant machines. It's a little too old to participate in the display put together to celebrate the Queen of England's 95th birthday; there will be one car for each year that she's been alive.