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Aston Martin reportedly picks out a name for DBX SUV: Varekai

It seems a distinct possibility that the name of Aston Martin's upcoming SUV will not remain "DBX," as it has been known. The British Autocar reports that the manufacturer has earmarked the name Varekai for it, which would certainly tie in nicely with the company's earlier V-named products. The word Varekai comes from the Romani language, meaning "Wherever," and for a go-anywhere SUV it would be more than suitable to have a nomad name. However, while Aston has applied to trademark the name, it would not comment on the name's authenticity when asked by Autocar. The SUV, no matter what it will be called, will be manufactured in a new facility in St Athan, Wales. The factory is based on an old air force base, and it will bring up to 750 new jobs to the area when it is brought online. Last month, Aston Martin said the first phase of the facility's construction is now complete, and the SUV will start production in 2019. The powerplants for it will be V8 and V12 engines, as well as a hybrid and an all-electric drivetrain in development. Related Video: News Source: AutocarImage Credit: Aston Martin Rumormill Aston Martin Crossover SUV Electric Future Vehicles Hybrid Luxury Performance

Aston Martin DBS, Superleggera names resurrected for a new ‘Super GT’

Aston Martin has announced it's bringing back the time-honored DBS name. Originally used in the 1967-1972 GT car, the name was briefly resurrected for a DB9-related model made from 2008 to 2012, and then put back on the shelf. The new car, which Aston refers to a "flagship Super GT," will be introduced in June, as mentioned in a teaser video that somehow reminds us of the xenomorph creature in the "Alien" sci-fi movies. But it's not going to be a big, heavy bruiser, as Aston is also adorning it with a Superleggera badge, referring to super-lightweight construction and dating back to the classic Carrozzeria Touring days of the DB4, DB5 and DB6. Sources such as Autocar say the new, Vanquish-replacing model would have the turbocharged 5.2-liter V12 from the DB11, but tuned for considerably higher output than the DB11's 600 horsepower — perhaps 700 hp is in order. Official power figures have not yet been released, but June isn't that far away. Announcing the re-birth of an iconic name. A distinctive moniker, set to be proudly worn once again by Aston Martin's flagship Super GT. DBS Superleggera.https://t.co/W7Z6SuJFbW pic.twitter.com/1e4ePW84sl — Aston Martin (@astonmartin) April 17, 2018 Related Video: Aston Martin Luxury Performance dbs

Aston Martin skids in stock market debut

LONDON — Shares in luxury automaker Aston Martin fell as much as 6.5 percent on their market debut in London on Wednesday as investors and analysts raised concerns over Aston's ability to deliver an ambitious rollout of new models. The company, which last year made its first profit since 2010 and has gone bankrupt seven times, had priced its shares at 19 pounds each, giving it a market capitalization of 4.33 billion pounds ($5.63 billion). The shares fell to as low as 17.75 pounds. Aston Martin has plans to launch a new model every year from 2016 to 2022. "(It) has very aggressive growth plans. The execution of that growth needs to be flawless — nothing eats cash more than a car company when the cycle turns. There is concern that it's more cyclical than the commentary has been," said James Congdon, managing director of cashflow returns specialist Quest. "The banks have done a good job for their client — but there's no bounce." Aston is going all-in Aston Martin — full name Aston Martin Lagonda Global Holdings Plc — expects to produce around 7,100 to 7,300 cars in 2019, and 9,600 to 9,800 cars in 2020. It aims to increase production to 14,000 cars in the medium term, helped by new models and improving its manufacturing process. The company is investing all of its cashflow to try to achieve this, leaving nothing for dividends or paying down debt. "In terms of execution risk — this is what I've done for all of my career. I'm an engineer: we mitigate risk," Chief Executive Andy Palmer, who has led a turnaround plan at the company since 2014, told Reuters. Palmer played down risks to the business from Britain leaving the European Union, even as other car manufacturers step up warnings over a disorderly Brexit. He said Aston Martin was "relatively well insulated" from the effects of Brexit because Europe is not its biggest market and it may actually benefit from exporting with a cheaper pound. However, 60 percent of its parts are imported from the EU and will be hit by tariffs if there is no trade deal. "Obviously we'd all prefer no tariffs to be frank, no doubt, but the industry has to learn to adapt, and it always has adapted to changes," Palmer said. Valuation In 2017, Aston Martin had adjusted earnings before tax interest, depreciation and amortization (EBITDA) of 206.5 million pounds, up from 100.9 million pounds in 2016.