Aston Martin: Vantage 2 Door Coupe on 2040-cars

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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 Vantage GT8 spied looking all fast on the 'Ring

Aston Martin keeps rolling out new versions of its long-serving Vantage, and we keep not complaining. This latest piece, spotted on the Nurburgring, looks particularly mean in matte black with a nice big wing on the back. We believe it to be the anticipated Vantage GT8, which should be the ultimate version of the V8 Vantage. The GT8 will follow in the footsteps of the Vantage GT12; its smaller engine should pack less of a punch, but the car will be lighter in the nose a V12 Vantage, which should help handling balance. Expect the 4.7-liter V8 to be retuned to produce more power than it has in any other Vantage: currently, the top V8 Vantage tops out at 430 horsepower, and we wouldn't be surprised to see the GT8 boast more like 450. That would still leave plenty of breathing room to the V12 models that start at 565. The aero package looks similar to the GT12's aggressive setup but incorporates several changes, including fewer cooling ducts and a reshaped front splitter, rear wing, and diffuser. Expect the interior to come stripped out like the GT12's. This top V8 Vatage ought to make a fine swan song for the eleven-year-old model line before its AMG-powered, turbocharged successor arrives. But don't expect to see too many of them – sources anticipate just 150 examples to be built, which is more than the 100 units of the GT12, but will still make this a rare bird indeed. Related Video:

Aston Martin DB5 from ‘GoldenEye’ will be auctioned

Think of an Aston Martin DB5 in a Bond film, and you're likely to think of "Goldfinger" — the film and the car are forever linked in cinema history. But it's not the only Bond film with a DB5 chase, as the producers were eager to establish Pierce Brosnan as a credible Sean Connery equivalent, and put him in a DB5 on a mountain road in 1995's "GoldenEye." There was no white Mustang to chase in "GoldenEye," as Brosnan's Bond played with a red, reportedly rented Ferrari F355 driven by Famke Janssen. A few years after the film's premiere, in 2001, the DB5 was sold for $200,000. That doesn't sound fantastical for a Bond car, but at the time it was the most expensive piece of Bond memorabilia ever sold. At the end of the decade, the actual "Goldfinger" DB5 sold for roughly $4 million, which is unlikely to be topped by the "GoldenEye" car this summer. The car is not a barn-find or a lost cinema classic, either, as it has been on display in several museums such as the National Motor Museum in Britain. Bonhams will be auctioning this DB5 on July 13 at the Goodwood Festival of Speed. The car's estimated at $1.6 million to $2.14 million, which is still half or less than half of what the "Goldfinger" car brought in. Still, it's a silver Aston Martin with actual cinema history, and it's believably one of the reasons why restored classic Astons still get resprayed in Silver Birch. Related Video: