Aston Martin To Unveil New Sports Cars This Summer

Industry News / 4 Comments

Along with the company's first fully-electric vehicle.

In an earnings call on Wednesday, Aston Martin Executive Chairman Lawrence Stroll announced that the company will debut the next generation of vehicles at the capital markets day this summer. This reveal will include its new front-engined models, a fully electric one we've been hearing about for a while now, and a prototype for a mid-engined sports car that will slot beneath the Valhalla.

"You will see the cars this summer that are going to take us through our combustion story, our hybrid story, and take us through our plans for electrification," Stroll said on the call. "It will be a real clear vision of the journey I've been building for the last three years."

This next generation of vehicles will start with an overhaul of the existing front-engined ones: the Vantage, DBS, and DB11. The company has previously told media that the sports cars will receive such drastic overhauls as to be like completely new cars, and on the call announced the first one will arrive by the end of this year.

Aston Martin
Aston Martin

The overhauls will address just about everything, meaning upgrades to the engines, gearboxes, styling, suspension, infotainment systems, and more with as little carryover as possible. Stroll has said in the past that these cars will be upgraded to "what those cars should have always felt like," and won't rely on aging Mercedes tech which is truly welcome news.

Other welcome news will be the debut of the brand's first fully-electric vehicle. The company has said it has two in the works, one a sports car and another supposedly based on the DBX, with the sports car set to debut in 2025. One will be built in Gaydon, England and the others in St. Athan, Wales.

2021-2023 Aston Martin DBX Front View Driving Aston Martin
Side Perspective Driving Aston Martin

With new types of cars come new production challenges, which is why the company is attempting to get ahead of this by creating 100 new jobs, many being automotive technicians to help with the increased volume the company plans on doing. Many of these jobs will be filled by workers who have been on contracts working on the DBX 707 ramp-up.

In the end, the company also reported some positive financial news for the fourth quarter of 2022 and the year as a whole. The company, which lost $30.1 million in the same quarter last year, announced a pre-tax profit of $19.4 million with revenue increasing 46% over the previous year. The company delivered 2,352 vehicles last year and expects that number to rise to 7,000 in the year ahead with the goal of hitting 10,000 in the near future.

Aston Martin
Aston Martin
2021-2023 Aston Martin Vantage Roadster Badge Aston Martin

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