Report: Aston Martin secures funds to design all-new family of sports cars

Article by Christian A., on June 30, 2011

Finally, Aston Martin has secured the funds to begin the development of an all-new family of sports cars that’s slated to go on sale in 2015/16. Aston Martin’s engineers conceptualized the entire new generation, which is set to replace the VH-platform Aston Martin DB9, Vantage and Rapide models that first appeared on Aston’s offering in 2003.

It’s expected that by early 2012, Aston Martin will already be working on the detailed design and production engineering.

Aston had recently announced that global investors had fully subscribed for a £304 million bond. Aston then revealed last week that funding for these crucial new models has been secured.

The company said that as a result, the company’s projects will have long-term financial stability for the upcoming seven years. The funding will also support the carmaker’s continued development. For the next seven years, Aston will pay 9.25% interest per year on the bond.

This is higher than the 5-6% that numerous bonds are paying. But prior to moving to an all-new platform technology, the alloy VH platform will have to be re-engineered to meet new Federal FMVSS pedestrian impact rules, which take effect in autumn 2012.

In addition, Aston will give a facelift to the DB9, Vantage and Rapide, which will be fitted with new skin panels, and modified interiors, chassis and engines.

As the VH platform is being replaced, there’s a question on which platform the all-new models will be built on. Reportedly, Aston wants to partner with Mercedes-Benz so that it could get access to the alloy platform that is used on the new SLS and SL.

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