Aston Martin Refines Its Exotic Family Car
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Aston Martin Refines Its Exotic Family Car

By Jim Motavalli
Sat, Jun 15, 2024 10:26amGrey Clock 4 min

The DBX, in base or 707 form, is certainly practical for everyday activities.

It’s a two-row SUV whose rear passengers enjoy plenty of legroom, separate climate controls, and heated seating. Although the carbon ceramic brakes are standard, lifestyle options include accessories for transporting pets and “event seating” to enjoy tailgate parties. The latter are amenities once seen only in the popular Range Rover—a car that now has a lot of competition.

“The average mileage driven in our SUVs is two to three times that of the sports cars we sell,” says Alex Long, a product and strategy executive at Aston Martin, which was presenting its upgraded 2025 DBX 707 in Edinburgh earlier this month. “It’s a huge ‘conquest’ car, meaning that three-quarters of the initial buyers were new to the brand. Previously they might have said, ‘I love Aston Martin, but the cars aren’t practical for me.’”

The DBX 707s at Scotland’s famed Gleneagles golf resort.
Jim Motavalli

The redesigned interior on the test car was a riot of red leather, even on the hand holds. Carbon fibre, in a process co-developed by Aston, is mostly decorative on the interior, though it’s employed for lightness in the tailgate and tailgate surround. The car lacks a head-up display, but it has just about every other modern amenity, including Apple CarPlay and an (optional) 23-speaker, 1,600-watt Bowers & Wilkins sound system that is new in the 2025 model. There is a 12.3-inch instrument cluster and a 10.25-inch central display. The bottom line for the 707 is US$249,000, putting it considerably below Rolls-Royce Cullinan territory (that one starts at US$392,000). Deliveries began in the second quarter of this year.

At the wheel of the DBX 707 in right-hand drive form
Aston Martin photo

The power comes from a four-litre, twin-turbo V8 obtained from Mercedes-AMG. The output is 697 horsepower and 663 pound-feet of torque, shifted by an also-Mercedes-derived nine-speed wet-clutch automatic. The bulk of the time you’re in rear-wheel drive, but power is directed to the front axle as needed, and the DBX is a capable off-road performer. Americans will also want to know that despite being derived from a long line of two-seat sports cars, the DBX can haul nearly 6,000 pounds.

Big V8s can move a lot of weight, and despite its 4,949 pounds the DBX 707 can reach 60 miles per hour in 3.1 seconds and attain 193 mph.

More than half of Aston’s current sales are of the DBX SUV, and even in Scotland—where the small car used to reign supreme—it’s apparent that the SUV is taking over the roads, Long says. North America is Aston’s biggest market, accounting for 35% of sales.

Inside the DBX 707.
Jim Motavalli photo

The DBX was launched in 2020 and the upmarket 707 in 2022. The platform is not used on any other car. Andy Tokley, chief engineer for the DBX, says the chassis layout of the refreshed model has been modestly redefined for better passenger comfort. There’s ample rear legroom, and fully adaptive shock absorbers, air suspension, and active roll bars deliver a smooth ride. But not too smooth. The tweaks to the DBX included exhaust note tuning so that passengers hear more of that distinctive V8 rumble, Tokley says.

The DBX could be seen as Aston Martin’s best bet for an electric drivetrain, although the company is actively working with American brand Lucid on EVs and plans are somewhat delayed. Aston was to have launched an EV in 2025 but chairman Lawrence Stroll recently told Autocar that “consumer demand is not what we thought it was two years ago.” Four EVs have reportedly been designed, but it will likely be at least 2026 before we see one of them.

The DBX group on the trail
Jim Motavalli

Aston Martin’s portfolio includes accessible, almost mainstream, models like the DBX and exotics like the US$3 million Valkyrie supercar, of which 150 coupes and 85 Spyders have so far been built. Only 40 are left to be constructed. And in addition to the cars, well, there’s real estate. In the wake of Porsche and Bentley, the company developed the Aston Martin Residences in Miami, which had its grand opening in April.

By that time, 99% of the 391 luxury condominiums, located where the Miami River meets Biscayne Bay, had already been sold. But the US$59 million triplex penthouse with 27,191 square feet of living space is available, an Aston spokeswoman says.  The 66-storey building is constantly reminding occupants of the Aston brand, whose cues adorn door handles, room number signs, and door tabs.



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The Rise of Million-Dollar Companies With Just One Employee

Artificial intelligence is making it easier than ever to build a business without building a team. As AI takes over coding, customer support, marketing, administration, and other day-to-day tasks, a growing number of solo founders are scaling startups to millions in revenue with few—or even no—employees. While the trend is lowering barriers to entrepreneurship, it is also reshaping hiring, raising questions about the future of work and how businesses will grow in the AI era.

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Ben Broca launched a company last December that offers AI tools to entrepreneurs. He’s already added 10,000 paying customers and is on track to bring in $10 million in revenue this year.

One thing he hasn’t added: any other employees.

The 40-year-old is part of a class of entrepreneurs who are launching, and then often running, new companies on their own. Artificial intelligence tools answer Broca’s emails, help write and debug code, field requests from customers, sign up new subscribers and grant refunds when issues arise.

Broca relishes his ability to make whatever decisions he wants on his own, often from his sun-drenched Sausalito, Calif., living room. “I think compromises make lukewarm results,” he said.

Once upon a time, running a business of a certain size required a team. AI is turning that assumption upside down, and more aspiring entrepreneurs are going it alone.

Ben Broca sitting in his home office.
Tech has seen an explosion of solo founders in the past year. Broca said he likes being able to work at his own speed, unencumbered by a team. Jonah Reenders for WSJ

An analysis by the payments company Stripe shows there are thousands of solo operators on the company’s platform that are generating over $1 million in revenue, with their ranks doubling between 2023 and 2025. The number of solo operators crossing the $10 million threshold nearly tripled in that same span.

In the past, people without business contacts or particular savvy might not have known how to get their ideas off the ground, said Ernie Tedeschi, Stripe’s chief economist. “Now, AI can be a built-in business partner,” he said.

AI’s ability to handle various administrative tasks makes it potentially useful for launching solo businesses in many fields. But the technology’s ability to also handle key tasks in tech, like coding, make that field a particular hot spot.

Analyzing Census Bureau data, Bank of America Institute economist Taylor Bowley found that among all industries, new business applications in the information sector have seen the biggest percentage increase—nearly 45%—over the past year. At the same time, the rate of information-sector applicants saying they plan to hire workers has experienced the sharpest decline of any measured industry.

This Census dataset doesn’t track solo-operated businesses. But the numbers broadly show—in tech and beyond—that applications are flat among businesses likely to hire workers, but generally rising elsewhere. Economists say that’s a strong sign that solo operators are on the upswing.

“The bar for getting started has never been lower,” said Julian Weisser, who runs a San Francisco-based accelerator for solo founders working in tech. The accelerator—which offers founders seed money and mentorship in exchange for an equity stake—attracted 4,500 applicants for 10 slots made available in its most recent cycle, nearly five times the number it drew when it launched last May.

Going it alone with AI can still be surprisingly expensive. Broca said he was losing money on many customers’ accounts while paying to access Anthropic’s Claude to run his clients’ requests—that AI company, as well as others, charges based on usage. He has since switched to free open-source AI models from China.

Broca said he has raised $30 million from investors and, at the same time, has saved millions in salary since he hasn’t needed a team of software engineers.

Another risk: If it’s easy for one entrepreneur to launch an AI-assisted business, copying them can be easy, too. This creates anxiety for founders like Troy Johnston, who runs an AI-assisted business alone in Orlando, Fla.

“Everybody has the sword and we all have the ability to unsheathe Excalibur now,” said Johnston, 40, who used AI to code an app that helps people get the most out of credit card benefits. The company makes around $3,000 a month in profit, with no employees, and is continuing to grow.

Headshot of Troy Johnston.
Troy Johnston said AI’s power and ease of use is an incredible boon for entrepreneurs like him—and also a double-edged sword. Luann Koerper

What one-person businesses will mean for the labor market remains to be seen. Polling has shown Americans are worried that AI will replace jobs, and top economists are wrestling with that possibility, too. But AI is also creating lots of new jobs, and the go-it-alone entrepreneurs show how the technology can both open doors and limit employment opportunities.

“If everyone’s hiring less, but you get four times more firms, what does that do to head count?” said Rembrand Koning, an associate professor at Harvard Business School who studies entrepreneurship. He co-authored a recent study that found that among 50,000 startups the researchers examined, those focused on AI tended to operate with 25% fewer employees.

Koning also believes a soft hiring environment that’s left some people mired in long job searches has encouraged more to try their hand at launching businesses.

Some founders cite different motives. “It’s a perfect storm of post-pandemic burnout and a re-evaluation of one’s priorities, and also booming AI and a sense of what’s possible,” said Samir Ahmad, 39, who lives in Breinigsville, Pa.

Two years ago, Ahmad decided to leave the corporate job he had worked at Verizon for almost two decades to start a solo coaching and consulting business. He had been seeing social-media posts touting the ease and virtues of AI, which he used to chart a business plan and help with marketing. “It was like my chief of staff, a second in command,” he said.

The business ultimately petered out within months, though, and Ahmad is now back to a full-time corporate role with a utility company.

For Claire Vo, 41, AI helped her turn a passing impulse into a business. She was working full-time as a tech executive when she tapped AI in late 2023 to help code an app that would help her manage documentation and design for new products, with customers ranging from financial services to healthcare firms.

“I was copying and pasting from ChatGPT,” said Vo, who lives in San Francisco.

Claire Vo smiling into the camera while recording a podcast.
Claire Vo used AI to code an app that’s on track to make seven figures in profit this year. Claire Vo

She put the app online for $1 a month, and within weeks people downloaded it thousands of times. Nearly three years later, Vo’s company—which she ran solo for nine months before hiring an engineer—now has 100,000 users and is on track to make seven figures in profit this year. AI handles the company’s marketing, sales and customer support.

While AI is a shortcut, Vo said her network and credibility in the industry were key. “I think people over-index on how easy AI is and under-index on how much I did to get to this point,” she said.

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