2007 - Aston Martin Db9 on 2040-cars

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Aston Martin speeds ahead with October IPO worth perhaps $6.7 billion

LONDON — Luxury British carmaker Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its stock market flotation and has taken steps to prepare for any eventuality over Brexit, it said on Thursday. The company, famed for making the sports car driven by fictional secret agent James Bond, said last month it was pursuing an initial public offering (IPO), the first British carmaker to do so for decades. The automaker will publish a prospectus later on Thursday and hopes to announce its final pricing on or around Oct. 3. It expects its shares to be admitted to the London Stock Exchange on or around Oct. 8. Carmakers have warned about the impact of any customs checks introduced as a result of a no deal or hard Brexit which could slow down production and add costs when Britain leaves the bloc in March 2019. The boss of Aston, which builds all its cars in Britain, said the company had boosted its stock of engines and components in case free and unfettered trade with the European Union ends in a few months' time. "We're up to five days of engine stock for example and we've got a very large warehouse in Wellesbourne (in central England) where we have at least five days of car stock," Chief Executive Andy Palmer told Reuters, an increase from the previous three days' worth of components held by the firm. "If there are tariffs ... for every car we lose because of a 10 percent tariff into Europe, we presumably pick up from Ferrari and Lamborghini in the other direction because obviously their cars become more expensive in the UK," he said. London and Brussels hope to conclude a Brexit agreement by the end of the year, but fellow carmakers such as BMW and Jaguar Land Rover (JLR) are worried that failure to agree could lead to snarl-ups at motorways and ports, disrupting production. JLR boss Ralf Speth warned last week that the wrong Brexit deal could cost tens of thousands of car jobs and risk production at the firm, Britain's biggest carmaker. Aston, which has set a price range of 17.50 pounds to 22.50 pounds per share for the 25 percent of stock it is floating, is targeting a market capitalization of between 4.02 and 5.07 billion pounds. The carmaker, which has long said it could pursue a listing, has undergone a turnaround plan since Palmer took over in 2014 as it boosts its volumes and expands into new segments with a new factory due to open in 2019.

First Aston Martin DB5 Goldfinger Continuation complete

Two years ago, Aston Martin announced a run of 25 DB5 Continuation cars that would be track-only reproductions of the gadget-laden DB5 from the James Bond movie "Goldfinger." A long gestation involved collaborating with Bond production house Eon Productions and longtime Bond stunt coordinator Chris Corbould on gadget reproductions. About six weeks ago the English luxury maker announced it had begun building the first DB5 from scratch and by hand, mainly using the same techniques that went into creating the original DB5, saying each car would need about 4,500 man-hours to fabricate. Today we have the first fruit from Aston Martin's Heritage Division workshop in Newport Pagnell, England. All trickery is accounted for with the show car, including recoiling machine gun barrels that erupt from behind the headlights, front and rear bumper battering rams, tire slashers, revolving triple license plates, rear smoke screen and oil spray systems, a bulletproof shield rising from the decklid, telephone in the driver's door, center console radar screen, weapons tray under the seats, an ejector seat button under the shift knob to send ornery passengers through the partial sunroof, and a remote control to work Q Branch's driver safety features when away from the leather-wrapped seats. Anything deadly only simulates genuine operation, naturally. But the smokescreen works and the oil delivery system sprays real fluid, so we see some hot-lap mishaps and cleanups at Turn 4 in some track's future. The first DB5 built in 55 years comes with a 4.0-liter straight-six sprouting three SU carburetors, shooting 290 horsepower to the rear wheels via a five-speed manual gearbox and a mechanical limited-slip differential. Deliveries are certain to begin soon, each of the 25 examples starting at GBP2.7 million (about $3.4M U.S.). That's real money, sure, but a half-off bargain compared to the $6.4M paid for the 1964 DB5 used in the movie. 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: