Aston Martin CEO Andy Palmer has shed some light regarding the company's plans for the near future.

Aston Martin CEO Andy Palmer has shed some light regarding the company's plans for the near future.

In an interview with Automotive News Europe, Palmer said "in the first century we went bankrupt seven times" which is why "the second century is about making sure that is not the case." To do that, Aston Martin is cooking up a crossover which will probably be out around 2019 and has already been previewed last month in Geneva with the DBX concept.

The crossover will ride on a newly developed platform shared with a new sedan as well as with a third unknown model. These three vehicles will sit alongside rejuvenated versions of the current models which are bound to ride on a new sports car platform. This newly developed architecture will make its debut in September 2016, likely with a successor for the DB9 which could get the DB11 moniker to emphasize it’s a whole new car.

In addition, last week we heard Palmer saying an electric version of the Rapide could be out with an all-wheel drive and a total output of 1,000 bhp (745 kW). If green-lighted for production, the electric Rapide will carry an estimated starting price of £200,000 ($298,255 / €271,465) and should have a range of more than 200 miles (322 km).

As a final note, Aston Martin has previously announced the Ford-sourced V12 engine will live on along with the manual gearbox while future models will benefit from AMG-sourced engines.

Be part of something big