Aston Martin’s long-expected stock market float is a bit closer as the luxury sports car maker, best known for starring in the James Bond spy movie, has sought viability from investment bank Lazard, according to a Reuters report. Sexual research.
Investindustrial, the Italian private equity firm, owns 37.5% of the shares. Kuwaiti companies Investment Dar and Adeem Investment, as well as other companies including Daimler, are in the middle of the transformation program.
Aston Martin concept car including Andy Palmer, chief executive of an electric Rapide S., said a DBX SUV will be available in 2020 and electric Rapide to go into production next year. The company also plans to use its brand to sell yachts, apartments and handbags.
Reuters reported that floating in the second half of next year could rise by two or three million euros (2.4 billion U.S. dollars and 3.5 billion U.S. dollars). The bank is also considering the possibility of selling Aston Martin to another carmaker or investor.
Last month Aston Martin introduced the newest machine, the new Vantage Coupe, which may worry Ferrari shareholders because of its commitment to compete in a formal, independent area. The twin-turbocharged 4.0-liter, 503-hp V8 petrol engine powered by the Vantage will be available globally in the second quarter of 2018. Vantage in the United States pre-tax price of 149,995 US dollars, will be the Ferrari Portofino debut at the Frankfurt Motor Show in September. Portofino replaced California T, the cheapest model, not yet priced or officially launched.
Investment researcher Evercore ISI said in a report on Monday: “Aston Martin will join Ferrari in the field of luxury cars” said the successful Ferrari Float may be Aston Martin’s main contributor. Evercore ISI estimates that Vantage will provide direct competition in the “cheap” part of the market.
Ferrari is also believed to be planning a smaller model that will re-enable the iconic Dino name in the early 1920s. This will be powered by a 2.9-liter V6 engine, perhaps with a plug-in hybrid option.
At present, the Vantage industry is only threatened by Ferrari and the high-end versions of the Porsche 911 turbo and Porsche GT3 as well as the Mercedes AMG GT.
IHS Markit said it expects Global Vantage sales to peak at 3,047 by 2018 and decline to 2340 by 2020. The previous model peaked at 1,945 in 2009 and slipped slowly to 1,242 this year.
The new Vantage will stand still and detonate 195 miles at a speed of 60 miles an hour in 3.5 seconds, delivering huge power and torque to the rear wheels through a rear eight-speed automatic transmission.
For the first time in nearly 10 years, Aston Martin was making money in the first half of 2017, thanks in part to the sales of its new 4.0-liter twin-turbo V8 DB11.
In the first six months, Aston Martin earned a pretax profit of 21.1 million pounds ($ 28.3 million), compared with a loss of 82.3 million pounds ($ 110.3 million) in the same period last year.
Sales surged 67% to 2439 units.
Aston Martin expects full-year sales to grow by one-third to about 5,000.