2008 Aston Martin Vantage V8 "white Knight" 1 Of A Kind Featured In European Car on 2040-cars

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Aston Martin seeks ‘big brother’ despite first profit in years, IPO talk

Aston Martin just reported that it earned $121 million (or GBP87 million) in 2017, its first profit in eight years, and it's preparing for a possible initial public offering, eyeing a valuation as high as $6.95 billion (GBP5 billion). It has a strategy to begin converting its fleet to hybrid and electric powertrains. Nevertheless, the low-volume British luxury marque says it needs a helping hand to survive the wave of autonomous driving technology sweeping the automotive industry. CEO Andy Palmer tells Bloomberg it's looking for a "big brother" partner to help it with the billions of dollars in capital requirements posed by the dawn of driverless cars. "We are making a new kind of company, a company that can survive on 7,000 to 14,000 very highly priced, very profitable cars a year, but it can survive because of its partnerships," Palmer told Bloomberg TV. "It can be very profitable on that 7,000 to 14,000 cars a year but only by having a big brother that can help it out." Palmer said Aston Martin already has a partnership with Daimler AG, which owns a 5-percent stake in the company, to develop autonomous capabilities, but more help is needed. One assumes he is envious of competitors like Rolls-Royce and Bentley, which benefit from the corporate parentage and financial resources of BMW and Volkswagen, respectively. Sales grew 48 percent in 2017 to nearly 5,100 units, Aston's highest sales volume in nine years, on the strength of the DB11 sports car, which starts at $211,995. It was enough for Palmer to proclaim in a release, "The financial turnaround of Aston Martin is now complete." While it shops around for a sugar daddy, Aston Martin is busy building a new factory in Wales, set to open in 2019. It has launched new models like the DB11 Volante and Vantage, plus the limited-production DB4 GT Continuation model. Further out, the company is building 155 examples of its first electric car, the RapidE, due in 2019, and it's developing an electric version of the DBX crossover, also for 2019. Palmer has said Aston Martin will offer all six of its vehicles in hybrid variants by 2025, with 25 percent of its vehicles to be fully electric by the end of the 2020s. Related Video: Image Credit: Aston Martin Aston Martin Autonomous Vehicles Electric Luxury aston martin rapide aston martin vantage aston martin db11 aston martin dbx aston martin db11 volante

Aston Martin DB11 Volante loses its roof and four cylinders

Aston Martin hasn't exactly hid the fact that it had a convertible version of the DB11 in the works. In fact it plastered the official release date on the sides of the prototypes. And now, roughly half a year before the Spring 2018 release date, the company has shown the car and provided all the specs. Right off the bat, it's clear the DB11 Volante hasn't lost any of its beauty in the chop job. Overall, it looks just as scintillatingly curvy as the coupe, and it manages to avoid looking too heavy and thick, regardless of whether the top is up or down. The top itself is rather pretty, with a taut shape and thin pillars helping maintain the DB11's lithe look. It can also be had in red, black-silver, or gray-silver, and is made up of eight layers for sound reduction. Losing the top also provides a great look at the optional seat back veneers, available in carbon fiber or, as in the photos above, in wood. In addition to looking attractive, the DB11 Volante has a number of performance advantages over its DB9 predecessor. According to Aston, it weighs 57 pounds less than the DB9, and it's 5 percent stiffer. Its top also takes up less trunk space. Unfortunately, the DB11 Volante's 4,134 pound curb weight is significantly more than the DB11 V8 coupe, which weighs around 3,800 pounds. It also roughly matches the V12 DB11 coupe. The comparison to the V8 model is important because the DB11 Volante will only offer the V8 engine. It's the same AMG-based unit from the coupe, displacing 4.0-liters and breathing through a pair of turbochargers. It's also coupled to 8-speed automatic and features a torque-vectoring limited slip differential. Despite the added heft over the coupe, the 503-horsepower engine still gets the DB11 Volante to 62 mph in 4.1 seconds, which is only a tenth behind the V8 coupe. It also will reach a top speed of 187 mph. The DB11 Volante will start at $216,495. That's $17,500 more than the V8 coupe, and the same price as the V12 coupe. Aston Martin is currently taking orders for the DB11 Volante. The first examples will be delivered in spring of 2018. Related Video:

Aston Martin considering US plant for DBX production

Aston Martin could be the next foreign automaker to begin production in the United States, according to the latest report from the Financial Times. The British automaker is reportedly considering a number of possibilities to handle assembly of the production version of the DBX crossover concept presented in March. Among them is the prospect of building a new plant in a Southern state like South Carolina or Tennessee, which could bring with it significant tax breaks and other incentives that would ease the process and make it financially attractive. Aston's main plant at Gaydon, UK, is reportedly nearing capacity as the company ramps up production, with a series of new models on the way. It moved production of the Rapide, its only model produced overseas, back to Gaydon in 2012 after it was initially handled off-site by Magna Steyr in Austria. That doesn't mean that the US proposal will necessary get the nod, though. Another possibility Aston is considering is taking over the former Jaguar facility at Browns Lane in nearby Coventry. The DBX concept was unveiled as an electric crossover coupe at the Geneva Motor Show last month, showing the way forward for the brand. The production version is expected to adopt a more conventional setup with four proper doors and an internal-combustion engine.