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Has Aston Martin abandoned plans for a Lagonda SUV?

Aston Martin may possibly (hopefully?) axe plans for a Lagonda-badged SUV, according to a new report from the blokes at Piston Heads. If this is true, it'd serve as proof that the auto gods are good, and want us to be happy. The report is based on statements made by Director of Design Marek Reichman. "We still have plans for the brand. There might be some surprises in the marque's re-establishment into the market place, but as a very unique coachbuilt experience. And that's probably what's most befitting of the brand," Reichman told PH when asked about the Lagonda SUV, which debuted way back in 2009. "That was a different time [when the Lagonda debuted]," Reichman continued. "It was [Dr. Ulrich Bez's] time. And now we're in a very, very different time, with a different plan and with a different projection of what that brand should become." Considering the spy shots we've already seen (inset), PH's conclusion that the Lagonda brand would be reborn as an ultra-exclusive sedan doesn't seem far off. As for the rumors that AM would look to Mercedes-Benz for its SUV architecture, well, it's not looking so good any more. What do you think? Should Aston Martin launch a sedan above the Rapide? What would you expect in terms of price and performance? Let us know in Comments.

Bonham's will auction Paul McCartney's old Aston Martin DB5

At the company's Bond Street, London auction, Bonham's will offer a 1964 Aston Martin DB5 that is possibly one the most British cars around. Not only is it an example of a classic British sports car known for being driven by James Bond, this exact car was purchased new by Sir Paul McCartney. And as an added bonus, it was also previously owned by former Top Gear host Chris Evans. According to Bonham's, McCartney ordered the car after The Beatles appeared on the Ed Sullivan Show and after finishing the Hard Day's Night movie. It was originally finished in blue with a black leather interior, which you can see here. It came with a couple of nice touches for a musician, as well. It had a Philips Auto-Mignon automotive record player installed, one of which remains with the car. The auction company also mentions a rumor that the leather had stitched-in musical notes. McCartney kept the car for about six years after buying it in 1964, and he seemed to have driven it a fair bit. When the clutch was replaced in 1970, the odometer read a bit over 40,000 miles, which is impressive considering how much traveling McCartney was surely doing with The Beatles. The car changed hands a number of times in subsequent years. In 2002, it was restored and once again finished in blue with a black interior. It wasn't until its second restoration that started around 2012 and 2013 that the color scheme changed to silver with a dark red interior. That restoration wrapped up this year and included updates to the engine that increased displacement from 4.0 liters to 4.2 liters and upped compression. The results are an engine that jumped from 282 horsepower to 315 horsepower and from 280 pound-feet of torque to 305. The car will be auctioned on December 2 at the Bond Street auction in London. Bonham's predicts the car will go for between $1.6 million and $2 million. Interestingly, that's only a little above Hagerty Insurance's estimate of $1.4 million for a concours-quality DB5. It's also substantially more than the roughly $500,000 this exact car sold for back in 2012. Related Video: Featured Gallery 1964 Aston Martin DB5 owned by Paul McCartney View 13 Photos Image Credit: Bonhams Aston Martin Auctions Coupe Classics bonhams chris evans aston martin db5

Aston Martin stock price shaken and stirred by latest weak outlook

Aston Martin warned its 2019 profits would almost be cut in half due to weak European markets, sending its shares sharply lower as rivals Bentley and Rolls-Royce powered ahead. Tuesday's downgrade is the latest from the British luxury carmaker, whose shares have now plunged about three quarters in value since their 2018 listing. The 107-year-old firm, famed for being fictional agent James Bond's brand of choice, cut its forecast for wholesale volumes and profit margins in July, and reduced its volume forecast again in November. It has blamed weak UK and European markets and subdued demand for its Vantage model and said on Tuesday those conditions continued through December, leading to a 7% drop in wholesale volumes for 2019. "From a trading perspective, 2019 has been a very disappointing year," Chief Executive Officer Andy Palmer said, as the company's shares plunged as much as 16%. While Aston spent 2019 ploughing money into a new factory to build its first SUV, the highly lucrative market a number of carmakers have entered, rivals such as BMW-owned Rolls-Royce and Volkswagen-owned Bentley appear one step ahead. Bentley on Tuesday said its Bentayga SUV boosted the brand's performance in 2019 as it returned to profitability, while Rolls-Royce's Cullinan helped drive a 25% increase in sales to an all-time high of 5,152 vehicles. "Cullinan has proven to be an outstanding hot seller for the brand," Chief Executive Torsten Mueller-Oetvoes told Reuters. "We are sitting now on an order bank reaching even far into 2020." Aston hopes its first SUV, the DBX, will emulate this success and revive its fortunes next year. About 1,800 orders have been booked since its launch in November, the company said. "The order rate is materially better than any other car that we have ever launched before," Palmer told Reuters. For 2019, Aston expects adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of 130-140 million pounds ($171 million to $184 million). The company reported 247.3 million pounds in core profit a year earlier, while analysts' average forecast was 196 million pounds for 2019, according to a company-compiled consensus. Aston said it was also in talks with investors for a potential equity investment and would draw down $100 million in bond notes. Its shares, which have lost nearly 3 billion pounds in market value since their listing, were down 11.1% to 464.8 pence at 1136 GMT.