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Aston Martin launches ‘swan track’ V12 Vantage earlier than going electrical By Reuters

by Index Investing News
March 16, 2022
in Stocks
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Aston Martin launches 'swan song' V12 Vantage before going electric
© Reuters. FILE PHOTO: A mechanic works on a Aston Martin V12 Vantage sports activities automotive in a service station of Swiss Emil Frey AG in Safenwil, Switzerland Might 31, 2017. REUTERS/Arnd Wiegmann

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(This story was refiled to take away image)

By Nick Carey

GAYDON, England (Reuters) – Aston Martin on Wednesday launched the ultimate fossil-fuel model of its limited-run highly effective V12 Vantage sports activities automotive, with each car already snapped up earlier than the British luxurious carmaker begins its gradual shift to an electrical lineup.

“This V12 Vantage is mostly a swan track,” Aston Martin govt chairman and investor Lawrence Stroll informed Reuters. “There’s a historical past of V12 Vantages at this firm that goes again a number of a long time and it will likely be the final one we make… earlier than we transfer onto hyrbidisation and electrification.”

Aston Martin plans to launch its first fully-electric car in 2025 and has mentioned that as of 2026 all new automotive strains could have an electrical possibility.

Fictional undercover agent James Bond’s automotive model of alternative had a tricky time after going public in 2018, failing to satisfy expectations and burning by way of money. In 2020, it introduced in contemporary funding from billionaire Stroll.

The V12 Vantage and the DBX707, a luxurious SUV, are the carmaker’s first two new autos produced below Stroll.

Aston Martin has been incorporating know-how into its automobiles from shareholder Mercedes-Benz, which elevated its stake within the struggling carmaker in 2020.

The carmaker’s petrol-powered V12 Vantage is restricted to 333 items globally with a beginning worth of round $300,000. Stroll mentioned the automotive was thrice oversubscribed.

Since 2007, Aston Martin has crammed its largest engine into its smallest mannequin to create the Vantage.

The carmaker mentioned the most recent and final model “provides an intoxicating mixture of magnificent low and mid-range muscularity with searing top-end energy” and a high pace of 200 miles (323 km) per hour.

Premium and luxurious automotive gross sales soared in 2021, particularly in key world markets like China and america, as pandemic journey restrictions left rich customers with extra disposable earnings.

Disclaimer: Fusion Media want to remind you that the information contained on this web site isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs should not offered by exchanges however somewhat by market makers, and so costs might not be correct and should differ from the precise market worth, which means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any accountability for any buying and selling losses you may incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm on account of reliance on the data together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding types attainable.



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