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Aston Martin announces $306M in funding to build DBX, 'other new luxury vehicles'

Aston Martin has just gotten one step closer to building a crossover, as the British outfit has secured a 200-million-pound (about $306 million at today's rates) infusion of capital from its leading shareholders. The money will allow Aston Martin to develop "a new vehicle based on the DBX concept," although just how closely the production model will adhere to the concept's styling is unclear. Andy Palmer, the company's CEO, also hinted at other models being added, thanks to the funds. "This additional long-term funding, will enable us to add extra model lines and broaden our presence in the luxury market segment by the end of the decade. The DBX concept has generated interest far beyond our expectations," Palmer said in the attached statement. "The additional investment announced today will allow us to realize the DBX and other new luxury vehicles that will form the strongest and most diverse portfolio in our history." It's unclear what these "other new luxury vehicles" will include. Previous reports have indicated a Lagonda-badged replacement for the aging Rapide will be added to the range, although considering the age of the rest of Aston Martin's lineup, it's a safe bet that at least some of this money will also be put towards vehicles beyond the new CUV and sedan. Scroll down for the full press release from Aston Martin. Related Video: ASTON MARTIN LAGONDA ISSUES GBP200 MILLION FUNDING FOR PRODUCT EXPANSION • Investindustrial and Tejara Capital led a further GBP200 million in investment capital in the form of preference shares • Enables production of DBX luxury crossover, building on range of iconic luxury sports cars • FY 2014 revenues of GBP468 million and adjusted EBITDA of GBP66 million announced 30 April 2015, Gaydon: Aston Martin Lagonda today announced that with the leadership of its major shareholders, it has arranged additional committed funding of GBP200 million, enabling the 102-year old luxury sports car manufacturer to develop significant new luxury models that will drive the future of the company under its strategic business plan. The additional capital investment comes in the form of GBP200 million of preference shares; GBP100 million of which were issued on 29 April 2015 with the remaining GBP100 million – already subscribed for - to be issued in the next twelve months, and will further expand the previously announced investment plan. This major investment in new luxury models is at the core of Aston Martin's strategic vision.

Bathurst 12-hour gallery is GT3 heaven [w/video]

The 2015 Liqui-Moly Bathurst 12-Hour race was run this weekend at the Mt. Panorama Circuit in Bathurst, Australia. Race photographer Joel Strickland sent us a huge batch of photos, all of which make us salivate for the switch to GT3 rules in the United SportsCar Championship; the top seven finishers at Bathurst were of seven different makes: Nissan GT-R NISMO GT3, Audi R8-LMS Ultra, Aston Martin Vantage GT3, Bentley Continental GT3, Mercedes SLS AMG GT3, Ferrari F458 Italia and Lamborghini Gallardo. It was a sweet victory for the No. 35 car driven by the NISMO Athlete Global Team after it crashed in Saturday qualifying, and then was only in third place on the penultimate lap. The three-man driving team included two GT Academy winners, one of whom, Florian Strauss, has only been a professional race car driver for 18 months. It's the first time the GT-R has won at Panorama since the original R32 "Godzilla" took back-to-back wins in 1991 and 1992. Second place went to the No. 15 Phoenix Racing Audi R8-LMS Ultra, 2.4 seconds behind the winners, third to the Craft Bamboo Racing Aston Martin Vantage not even half a second behind the Audi. The Bentley Motorsport team, in its first Bathurst 12-Hour with two cars, had its No. 10 Continental GT3 in the lead until the penultimate lap and in second place until the final corner, but crossed the line in fourth after some rubbin'-is-racin' action from chasers. And if pictures aren't enough, as of writing you can still watch the live stream of the entire race at the Bathurst 12-Hour site. Or, if you don't have the time, at least be sure to check out the last five minutes, below. Enjoy. Featured Gallery 2015 Liqui-Moly Bathurst 12-Hour View 118 Photos Image Credit: Copyright 2015 Joel Strickland / AOL Motorsports Aston Martin Audi Bentley Nissan Coupe Racing Vehicles Videos aston martin vantage gt3

Aston celebrates Spectre with DB9 GT Bond edition

Sorry friends, but as of right now, you can't buy the Aston Martin DB10 that James Bond will be driving in the upcoming film Spectre. That's a bummer, as 007's preferred GT is offering a fresh update on Aston's traditional looks. What you can do, though, is snag the new DB9 GT Bond Edition. According to Aston Martin, this is the most powerful DB9 the company has ever built, with the 6.0-liter V12 pumping out 540 horsepower and 457 pound-feet of torque. Sixty miles per hour arrives in just 4.5 seconds, while the 007 DB9 will run all the way up to 183 mph. Those are some impressive figures – the top speed and torque output mirror the range-topping Vanquish – but you might still be wondering why not choose the king of the Aston range over this, which still gets to 60 mph 0.3 seconds faster, has an extra 25 horsepower at its disposal, and is arguably the better-looking vehicle. Well, the Bond Edition DB9 comes with a number of unique items. Outside, there's a set of handsome, 10-spoke, gloss-black, 20-inch alloys, a carbon-fiber splitter and diffuser, gray brake calipers, and bright finishes on the hood vents, grille, and side gills. If the little bits aren't enough for you, the entire car is finished in 007-spec Spectre Silver paint. Naturally, "007" badges are included. In the cabin, new sill plates and embroidered headrests call out this DB9's inspiration, while an Alcantara-wrapped steering wheel makes the actual act of driving just a bit more pleasant. Sadly, machine guns and ejector seats are not part of the upgrades. Unlike so many special editions, though, there's even more to the Bond Edition DB9 than special trim bits. All 150 DB9s will come with a 21-inch Globe-Trotter wheeled suitcase, while horology geeks will likely gravitate towards the included time piece. Provided by Omega, 007's preferred watchmaker since 1995's Goldeneye, the Seamaster Aqua Terra comes with a unique, Aston Martin-branded strap. The suitcase costs around $2,000 while the watch generally goes for around $3,500 to $4,000. Their inclusion in this limited-edition DB9 might soften the blow of the price, which starts at $237,007. Still, if you're a fan of Britain's most famous secret agent and are in the market for a handsome GT, you could do far worse than this unique Aston Martin. Read on for the official press release.