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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.

Aston Martin DB11: Everything we know right now

With six and a half decades of heritage, the Aston Martin DB is one of the most storied nameplates in the savory sports car stratosphere. And we're (probably) just weeks away from seeing the next major chapter: the DB11. A few exclusive spy shots reveal new details, and we've gathered some crucial intelligence to help us get a better idea of what we can expect from the new DB11 when it launches later this year. Much like how the previous DB9 ushered in a new generation of cars from Aston's Gaydon, UK, headquarters, the British carmaker says the DB11 will kick off its "Second Century Plan." An insider told us that Aston is in the final tuning stages, and as such, the engineering prototype pictured here is likely the closest thing we've seen to a final production-spec car. While early mules had moldings and panels, we now have a good sense of the DB11's proportions, and can clearly see the rear-wheel-drive coupe's character lines. We can also see an aero-lip intake under the grille that appears to be significantly wider than on the DB9. Beyond being aesthetically pleasing, this is a necessary addition for better cooling. Our sources tell us power is expected to be above that of the naturally aspirated V12 Vantage's 565 hp and 458 lb-ft of torque. Gaydon's partnership with Daimler will soon yield the new Mercedes-AMG 4.0-liter twin-turbo V8 engine for use in Aston Martin cars, but the Brits surprised us recently by showing a teaser of a 5.2-liter twin-turbo V12. The timing is curious, and makes us suspect that the DB11 will continue the 12-cylinder tradition, despite the pressure to be increasingly fuel efficient. Our sources tell us power is expected to be above that of the naturally aspirated V12 Vantage's 565 horsepower and 458 pound-feet of torque. While the current DB9 boasts a six-speed automatic gearbox, we understand the V12 will be mated to a new transmission with more speeds. It's possible the DB11 could get the ZF-sourced eight-speed automatic that Aston recently added to the Vantage and Rapide range. The DB11 will ride on an all-new chassis, and in continuing the industry trend, the new car should be lighter, tipping the scales below the current DB9's 4,000-pound mark, despite some new equipment. The Daimler partnership should improve a major area where Aston has historically lacked: in-car technology and infotainment.

Spectre star Daniel Craig suffers minor injury riding in Aston Martin DB10

The Aston Martin DB10 might look amazing. It does not, however, have an abundance of headroom, as James Bond actor Daniel Craig found out. The star of the 24th 007 film, Spectre, Craig was injured while filming a scene inside the DB10. The car was shooting a chase scene in Rome with the film's other four-wheeled star, the Jaguar C-X75, when the stuntman behind the wheel (which happened to be a cage on the coupe's roof) hit one of the ancient city's notorious potholes. Craig bopped his head hard enough to warrant a trip to the on-set medic, The Los Angeles Times reports. According to The Times, the DB10 was being chased by the one-off Jag of film baddie Dave Bautista on Rome's Corso Vittorio Emanuele II. Craig's injuries were deemed minor enough that he made a scheduled trip to London to continue filming. Next time 007, stick to the Fiat. Related Video: