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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:

Watch $80M worth of Aston Martins tear around new factory

Earlier this month, Aston Martin took possession of the former Royal Air Force base in St. Athan in South Wales. The company will convert the space to new factory that will start producing new cars, including the future DBX crossover, in 2019. That date is quite a ways away, and in the meantime, Aston has a huge empty facility sitting around. So what better to do than take a bunch of Astons there and play with them? In the video above, two of Aston Martin's racing drivers and the company's chief engineer rollick around the massive hangars and open runways. And of course, only Aston's best are on hand for the trio to drive. You'll see vintage and modern racecars, and hypercar royalty such as the Vulcan and One-77, and Bond classics including the DB5 and DB10. The total value of the cars shown is over $80 million at current exchange rates. Although Aston's best is on display in this video, the company does also present arguably its worst product. The Toyota iQ-based Aston Martin Cygnet has a cameo. Clearly Aston has a sense of humor about the microcar to show it in this video. The scene involves the One-77 and Vulcan literally driving rings around it. Towards the end, we also get the briefest of teasers for the DBX crossover. The engineer and racecar drivers peak under the covers of three cars. The first two are the Valkyrie and DBX concepts. They just start to lift the cover on the third vehicle, only revealing some headlight details, when Aston's CEO arrives to inspect the facility. We don't see anything more of this car for the rest of the video. But seeing as the film ends with a teaser drawing of the DBX, and since it will be produced at St. Athan, it's safe to guess that third covered vehicle is the production, or near-production, DBX. Check it all out above. Related Video:

Aston Martin Vulcan revealed with 7.0L V12, more than 800 hp

Herewith, Aston Martin would like you to turn your attentions to its Vulcan – in case the sound it makes or the flames it shoots weren't still on your mind. Those two sensory incitements come from Aston Martin's V12, but one that has been bored out from the usual 5.9 liters to 7.0 liters. We haven't been granted a precise horsepower figure yet, but it's quoted as being more than 800. That heart lies just in front of a carbon fiber monocoque and is wrapped in a carbon fiber body, those bits assembled by company motorsports partner Multimatic – the same Canada-based Multimatic that will be fashioning the body for the coming Ford GT. This is an FIA-approved treat for the track only, so it's got a pushrod suspension with adjustable dampers and anti-roll bars, a six-speed sequential transmission, carbon ceramic discs and adjustable anti-lock brakes with Brembo calipers, and adjustable traction control. The 19-inch wheels in back rest on 345-section Michelin tires. The bad news: there will only be 24 of them, so if you want one you should get on the phone this instant. If you can get your name added to the list, you might also wish to sign up for the racing development program offered with it. Factory pilot Darren Turner, he with two GT1 class win for Aston Martin Racing in 2007 and 2008, will "support owners on their learning journey" as they are coached at tracks around the world. Vulcan owners will get classroom lessons on top of practical instruction in wares including the V12 Vantage S and One-77 as they work their way up to getting the most out of their Vulcan. On top of that, they can book time in Turner's Base Performance Simulators for virtual driving time. Or for the money all of this is sure to cost, they could just have a simulator installed in one of their Mediterranean lake homes. For the rest of us, the Vulcan contains design cues we'll see in future Aston Martins. We could know more about that, and its specs, when it's unveiled next week at the Geneva Motor Show. There's a press release below for now. ON TRACK FOR GLORY: ASTON MARTIN VULCAN PREPARES FOR TAKE-OFF - Geneva global reveal for limited edition, track-only, 7.0-litre V12 supercar - Motorsport-developed technology for extreme on-track performance - Expert tuition, technical support and experience programme for owners 25 February 2015, Gaydon: Introducing the Aston Martin Vulcan – a track-only supercar and the British luxury brand's most intense and exhilarating creation to date.