• Jul 4, 2011
Few platforms have served as well as Aston Martin's VH architecture. The flexible platform has underpinned everything the automaker has produced (save the bespoke One-77) since 2003, but it's growing a little long in the tooth. Little wonder, then, that Aston is pursuing a new platform, and the company has now confirmed it has obtained the funding to get there.

The financial backing comes from a bond issue, bringing in £304 million ($487 million) from investors. With the capital in place, sources anticipate Aston will begin working on its next generation of vehicles in 2012, with the first of the new models to debut in 2015 or 2016.

The question at this point is where that new platform will come from. Aston could develop the new architecture in-house, but the likely scenario has it adapting the aluminum platform from the Mercedes-Benz SLS AMG as part of a new arrangement being discussed with Daimler to produce a new range of Maybach and Lagonda limousines together.

We'll found out sooner or later, but in the meantime, Aston is expected to facelift its entire core range over the next couple of years to keep them fresh – and compliant with new regulations, particularly concerning pedestrian impact. Follow the jump for the press release on the bond issue, and watch this space for more information as it emerges.
Show full PR text

ASTON MARTIN HOLDINGS (UK) LIMITED ANNOUNCES SUCCESSFUL COMPLETION OF £304,000,000 SENIOR SECURED NOTE ISSUE

Tuesday 22nd June: Gaydon. Aston Martin Holdings (UK) Limited is pleased to announce the successful completion of its offering of £304,000,000 aggregate principal amount of Senior Secured Notes (the "Notes").

The issue of the Notes will provide long-term financial stability for the next seven years and support Aston Martin's continued development.

Dr Ulrich Bez, Chief Executive Officer of Aston Martin, commented: "Our successful bond issue represents a milestone and provides strong, long-term financial foundations for the company as we enter a new phase of growth.

"We have already demonstrated the strength of our brand and business model, as evidenced by last year's 36 increase in EBITDA. The success of the bond issue highlights investor recognition of our capabilities and confidence in our strategy.

"We have a proven record of bringing cars to market very quickly with our flexible VH architecture and highly efficient manufacturing capabilities. This, coupled with our globally renowned brand enabled Aston Martin to remain robust and resilient during the economic downturn.

"We now have long-term financing in place alongside our current product range and development pipeline, which are the strongest in our history. Our growth will be driven both by the continuing recovery in our traditional markets and the opening up of new markets. With our firm financial platform, we look forward to capitalising on the many opportunities ahead of us."

Aston Martin is a modern, exclusive sports car brand with a unique heritage instantly recognised around the world. The luxury marque distinctively fuses the latest technology, time-honoured craftsmanship and graceful styling to produce a range of critically acclaimed performance sports cars that have elevated Aston Martin to a position as one of the world's coolest brands.


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  • 14 Comments
      dvrt10
      • 3 Years Ago
      "The financial backing comes from a bond issue" ... a james bond issue.
      Jim Hubert
      • 3 Years Ago
      Suuure. Make a deal with Daimler. Good company. Let them have access to your engineering, too. Maybe they'll allow you to buy their two generation old frames and suspensions, soak you for everything they can, and then drop you like a drunk chippie when you least expect it. Daimler is the closest thing to Bernie Madoff in the corporate world. Give them your money, then bend over. I'd rather do business with Mahindra.
      Mihela816
      • 3 Years Ago
      Meanwhile GM continues to use the W-body platform from 1988 to build the Impala. A platform from 2003 doesn't sound so bad.
        Elmo
        • 3 Years Ago
        @Mihela816
        Um the Impala went out of production earlier this year...
          Mihela816
          • 3 Years Ago
          @Elmo
          I assure you the Impala is still being made. I work at a Chevrolet dealership after all...
          Dan
          • 3 Years Ago
          @Elmo
          The Impala is getting a new engine for 2012.
        Autoblogist
        • 3 Years Ago
        @Mihela816
        Sure a platform from 2003 isn't bad if you are a mass produced passenger vehicle. If you are a six-figure plus supercar, it's not such an OK thing anymore. Automotive technology moves quickly, if you don't think an old platform is a hindrance ask Saab.
      • 3 Years Ago
      [blocked]
        bouljf
        • 3 Years Ago
        People don't buy $200,000 Aston Martins for fuel efficiency, they buy them because the car makes them feel special. I've had the chance to ride in a DB9 Volante and even though it's not the fastest sports car I've been in, the sound of its V12 made it by far the closest to my idea of automotive perfection. Plus even a $6 gallon wouldn't affect buyers with this kind of disposable income. At the very low production levels of Aston Martin and the very few miles driven by most owners it's safe to assume the polar ice caps aren't melting because of them. Honda Civics and other such cars should be the focus of electric engineers. They're sold in high numbers, driven tons of miles, mostly for commuting purposes and not a single soul would care if they stop making exhaust noise.
        undeadMonkey93
        • 3 Years Ago
        "if their 2016 model is not electric, they will die" I saw your face and wondered how long it would be until you demand they make it electric...
        Evan McMiller
        • 3 Years Ago
        Ok first, Aston is a small company. They don't have the ability to throw around a half billion dollars of cash straight at anything. It's called investment. They received the backing because the investors assume they will make their money back and more on it (and they most definitely will). Second...again...just because YOU think that gas is running out (it isn't) and that gas prices will somehow hit double digits any day now (they won't) and you personally have some sort of fetish for electric motors, doesn't mean that a car coming out a couple years from now "will die" or something like that. I really don't get why you continually lambaste every single gasoline powered vehicle as "inferior engineering or even "incompetent" as above. You must surely have nothing but hate to say something so stupid as that. Internal combustion engines are some of the most amazing things in the world. I can scarcely believe how much power we now get out of them. For you to say it's inferior just because it runs on gas is like me saying grass is stupid because it's green. It's moronic. And all of this is assuming everything you said was true. You'd still be wrong. But even your initial assumptions are wrong. Oil is not running out at this alarming pace you want us all to believe. There is enough oil reserves on US property alone to keep us going for at least another century and a half, if not more. And that's not even mentioning oil in the Gulf, in Canada, or the still massive amounts left in the middle east. Like it or not, there is plenty of oil left in the planet to keep us sustained for at least a couple centuries, even with increasing consumption. The only "shortages" we have now are entirely created by the government, OPEC, and idiots like you who lobby congress to institute moronic bans on drilling, exploration, and new supply in general. What you're saying is like standing under an apple tree full of apples where only a few are on the ground and then saying you only have a few apples left because that's all you can see. Again, moronic. You are, of course, free to think what you want...but your entire position is based off of lies, inaccuracies, and things that sometimes are just made up. And your senseless, degrading, immature, and even insulting and repetitive rants are doing nothing. Please learn some facts, get your head out of the sand, and at least learn to make coherent arguments instead of calling us all stupid because we dare to drive vehicles with soul, not appliances.
      educatedcr
      • 3 Years Ago
      I remember when you would buy a Rolls and it would last you an entire lifetime. Thank God we are moving away from disposable cars. Lets get back our engineering we gave to Japan after ww2, and put Americans back to work.
      JasonERF
      • 3 Years Ago
      Exciting! But I'm confused on the facelifts? I'm assuming they'll be minor as 2015 is right around the corner and a full facelift would likely only have a 3yr shelf life...
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