2020 Aston Martin Vantage Gt4 Competition Race Car on 2040-cars

Auto blog

Aston Martin will make a profit for the first time since 2010

LONDON — Aston Martin is on course to post its first annual pre-tax profit since 2010 as strong demand for the luxury automaker's DB11 sports car boosts its performance. Pre-tax profit reached 22 million pounds ($29 million) in the first nine months of 2017, reversing a loss of 124 million pounds in the same period in 2016, Aston said on Wednesday. "Our strong financial performance and continued profitability reflect the growing appeal of our high-performance sports cars, with the new DB11 Volante and a new Vantage expected to stimulate further demand in the coming year," Chief Executive Andy Palmer said. Asked on Monday whether the firm would be in the black this year, Palmer told Reuters: "It's our intention to be." Aston Martin, which is mainly owned by Kuwaiti and Italian private equity firms, last posted a profit in 2010. Its losses then grew, partly due to lack of new models, a high-profile recall and an extended period without a chief executive. Since Palmer's appointment in 2014, the firm has pursued a turnaround plan designed to boost its model lineup, quadruple volumes and produce its first SUV at a new plant in Wales, setting up a possible stock market flotation. Volumes rose 65 percent to 3,330 cars in the first nine months of the year, prompting the firm to raise its full-year guidance to expect core earnings of at least 180 million pounds on revenue of over 840 million pounds. Third-quarter profit stood at 0.8 million pounds, reflecting a quieter period across the car sector when demand falls as people take holidays and some customers prefer to wait until after the vacation period to have their cars delivered. On Tuesday, the firm launched its new Vantage model, which will take its output to 7,000 sports cars in 2019, its highest level in a decade. Related Video:

Aston Martin DB9 successor spied, may be called DB11

This is by far our best look yet at the car that will replace the long-serving Aston Martin DB9. Previous photos of the grand tourer have consisted of mules based on the current car, but here we get our first taste of a model wearing its production skin. Despite the heavy camouflage, the DB9 successor looks to borrow its styling from the Aston Martin DB10, which will feature in the latest James Bond film. Considering this, it's not surprising that our spies report the new GT will wear the DB11 moniker. While the headlights look somewhat like the current Vantage, it's a fair bet that they'll bear more of a resemblance to the DB10 when the production model arrives. The grille sits lower than on current models, although, unlike 007's Aston, it does have an independent lower grille. It's hard to discern much from the rear of the car, though, owing to the fake taillights and heavy camouflaging on the rear hatch. That, thankfully, isn't an issue in the car's profile. Despite the heavy camo, we can see a suitably large set of haunches and the brand's trademark side grille. Expect Aston to continue using swan wing doors, judging by the shape of the units spied on this prototype, while we predict a larger greenhouse than seen here, owing to the camo over the quarter window. The partnership between Aston Martin and Mercedes-AMG will bear production fruit with the so-called DB11, as our spies report the new Brit will be available with the same 4.0-liter, twin-turbocharged V8 being offered in the AMG GT. Don't fret purists – Aston's 6.0-liter V12 will also be on offer. We're fairly convinced Britain will sink into the ocean before Gaydon abandons the venerable 12-cylinder. Have a look at the latest round of spy photos and let us know what you think of Aston Martin's work so far. Related Video:

Aston Martin may be forced to stop selling DB9, Vantage in US [w/poll]

There are any number of factors that are making it increasingly difficult for a small-scale, independent automaker like Aston Martin to stay competitive in today's automotive marketplace, from purchasing power to R&D capacity. But the latest factor endangering Aston's viability on the marketplace seems to be coming down to tighter government safety standards. The National Highway Traffic Safety Administration is enacting new side-impact crash regulations that require vehicles to better withstand the impact from running into a pole or tree – narrow-gauge fixed objects you're likely to find lining public streets. The standard has been phased in over the last few years, but while an exemption to the gradual phase-in was granted to low-volume manufacturers, even those automakers will have to meet the cut-off next month. And convertibles (which were granted a further extension) will have to meet them by September 2015. Unfortunately for Aston Martin, two of its core models – the Vantage and DB9 – do not pass the test. That would mean that it would have to stop selling both those model lines (which just also happen to be its oldest), but a spokesman for the brand's US dealers is petitioning the government body to grant them an exception. According to James R. Walker, chairman of Aston's US dealer advisory panel and owner of the dealership in Washington, DC, losing the V8 Vantage coupe, V12 Vantage coupe and DB9 coupe next month would cost dealers about 25 percent of its gross profits, and losing the convertible versions of the same next year would cut another 40 percent of their profits. The combined 65 percent drop in sales (assuming, of course, that sales of the recently updated but more expensive Vanquish and Rapide wouldn't rise to make up for it) would mean that many of the 35 dealers across the US would have to close, putting the 230 people who work at the dealers (and another 300 related personnel) out of work. On that basis, Walker is asking the government to grant an exemption for the DB9 through August 2016 and for the Vantage through August 2017. By then, we're lead to assume, their replacement (or replacements) will have arrived, meeting the new crash standards. We've reached out to Aston Martin for comment on the issue and will update you as soon as we hear back. In the meantime, voice your opinion on the issue in our online poll below.