Aston Martin confirms new platform under development
Wed, Apr 30 2014
In announcing its positive financial results for 2013, Aston Martin CFO Hanno Kirner confirmed: "We are engineering a completely new architecture and technologies to ensure that our next generation of sports cars is at the forefront of design, performance and technology." The new platform is expected to underpin the next generation of Astons Martin, and will be powered by a new V8 engine being developed by Mercedes-AMG, similar to the arrangement that sees V12s furnished to Pagani for the Huayra.
Whether an AMG-developed V12 is also in the cards for Aston Martin remains to be seen – the company ran on V8 power alone from the mid 70s (when its six-cylinder engine was retired) until the Ford-developed DB7 brought six- and then twelve-cylinder power. That aging but glorious 6.0-liter engine, by the way, still powers the vast majority of the company's lineup.
The platform and associated technologies are being funded by the influx of capital from shareholders Investindustrial, Primewagon and Adeem Investment and by a 13-percent increase in revenue due to the launch of the new Vanquish Volante and V12 Vantage S, as well as the company's expansion into new markets like Mexico and Thailand.
It wasn't long ago that upon spending a week with the company's Vanquish coupe that we fell just short of love, wondering aloud how long Aston could weather its uncertain financial picture while still relying heavily on elderly technology and drivetrains cradled in elderly platforms. We now appear to have our answer, and we like what we're hearing.
Aston Martin Holdings (UK) Limited Full Year Results 2013
28 April 2014, Gaydon: Aston Martin Holdings (UK) Limited is today announcing full year results for the 12 months ended 31 December 2013.
Aston Martin Chief Financial Officer, Hanno Kirner commented: "We made excellent progress on a number of fronts in 2013: growing our global sales, improving our EBITDA and building further on the company's strong brand as we celebrated our centenary around the globe.
"We will, in the next few years, be implementing the biggest investment programme in our 101-year history, preparing the ground for new and exciting products in the future.
"Our strong ownership structure and strategic partnership with Daimler AG, finalised in December 2013, provides us with a solid foundation for the unprecedented investment programme that will underpin our future growth.
Kirner continued: "We are engineering a completely new architecture and technologies to ensure that our next generation of sports cars is at the forefront of design, performance and technology. The strategic partnership with Daimler AG will bring with it cutting edge electrical and electronic architecture expertise, and the shared development of world-class bespoke V8 powertrains."
In order to facilitate the biggest investment programme in the history of the brand the company's capital structure was significantly strengthened in April 2013 when experienced sector investor, Investindustrial, joined Primewagon and Adeem Investment and the other existing shareholders, confirming the value story of Aston Martin.
The 2013 results benefited from an improved model and market mix and the 13 per cent increase in revenue was supported by full year sales of the highly successful Vanquish Coupe and the launch of greatly anticipated Vanquish Volante and V12 Vantage S models in Q4. In addition the company strengthened the existing dealer network and opened in new markets, including Mexico and Thailand.
28 April 2014, Gaydon: Aston Martin Holdings (UK) Limited is today announcing full year results for the 12 months ended 31 December 2013.
Aston Martin Chief Financial Officer, Hanno Kirner commented: "We made excellent progress on a number of fronts in 2013: growing our global sales, improving our EBITDA and building further on the company's strong brand as we celebrated our centenary around the globe.
"We will, in the next few years, be implementing the biggest investment programme in our 101-year history, preparing the ground for new and exciting products in the future.
"Our strong ownership structure and strategic partnership with Daimler AG, finalised in December 2013, provides us with a solid foundation for the unprecedented investment programme that will underpin our future growth.
Kirner continued: "We are engineering a completely new architecture and technologies to ensure that our next generation of sports cars is at the forefront of design, performance and technology. The strategic partnership with Daimler AG will bring with it cutting edge electrical and electronic architecture expertise, and the shared development of world-class bespoke V8 powertrains."
In order to facilitate the biggest investment programme in the history of the brand the company's capital structure was significantly strengthened in April 2013 when experienced sector investor, Investindustrial, joined Primewagon and Adeem Investment and the other existing shareholders, confirming the value story of Aston Martin.
The 2013 results benefited from an improved model and market mix and the 13 per cent increase in revenue was supported by full year sales of the highly successful Vanquish Coupe and the launch of greatly anticipated Vanquish Volante and V12 Vantage S models in Q4. In addition the company strengthened the existing dealer network and opened in new markets, including Mexico and Thailand.
Featured Gallery Aston Martin One-77 assembly
- Earnings/Financials
- Aston Martin
- Technology
- platform
- revenue
By Noah Joseph
See also: AMG's partnership with Aston Martin won't extend past engines, for now, 2015 Aston Martin V12 Vantage S drives angry with XCAR, Aston Martin requests exemption from stringent US safety regulations.