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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 brings impressive lineup of metal to Monterey

Aston Martin wins the manufacturer's round of Show and Tell on Thursday at Pebble Beach, bringing six cars to the collectors' bacchanalia with four North American debuts among them. The 540-horsepower Aston Martin DB9 GT said hello to US crowds for the first time, likely the beginning of a goodbye tour while it prepares to give way to the coming DB11. Having finished its work in Rome and other points distant filming Spectre, slotting in between DBs 9 and 11 comes the DB10 making its global public debut. The latest Bond car might look better sitting still in the Aston Martin pavilion than it does in the movie trailers. The Middle-East-and-Europe only Aston Martin Lagonda has never been to the US either, nor has the DBX electric crossover concept, and the utility vehicle got a coat of Mako Blue paint to make its introduction. The Vulcan racer got re-hued as well, in a coat of Saffron Orange. Finally, there's an Aston Martin Q Vanquish Volante built specifically for Pebble. Combining an "adventurous sport theme" and "deep teal colors of Arctic sea ice," Silver Fox paint is accented with Q Tomales Red and Ocellus Teal, Baltic Blue leather inside, and teal-tinted carbon fiber throughout. It's the most vibrant and fastest chunk of iceberg on the peninsula, certainly. Check out the entire range in the galleries above and below. Related Video:

You can't buy an Aston Martin GT8, but you can configure one

Aston Martin launched an online configurator for the Vantage GT8, a limited-edition sports car that will be sold in other markets. The GT8, revealed last month, is arguably the ultimate version of the Vantage to date: all the extreme aero from the previous GT12, but with less mass up front. Its atmospheric 4.7-liter V8 engine churns out 446 horsepower through a six-speed manual or a seven-speed automatic to the rear wheels. The overall package represents the most direct translation we've seen of Aston Martin Racing's victorious racers to the road. And with turbo power enveloping the factory at Gaydon (and the AMG engine workshop in Germany), it may be the last of the great naturally aspirated Astons ever. The company will make 150 copies. The configurator offers a choice of 35 exterior colors, along with eight "accent packs," four special racing-inspired liveries, a quartet of wheel choices, six colors of brake caliper, a whole mess of carbon-fiber exterior components, and an aggressive aero kit. On aesthetic grounds alone, we'd be inclined to leave off those oversized wings, spec most of the carbon trim pieces, go with a subdued shade of green, and just the right amount of red to make it pop. Waste a few minutes (or hours) with the web tool and see how you'd spec yours. Related Video: