WATCH: Aston Martin Valhalla | Will it help Aston turn a profit? | Autocar

We drive the new £850,000 Aston Martin hypercar - could it take the fight to Ferrari and win? In our video we find out

This is the Aston Martin Valhalla, and Matt Prior drives it here on road and track. It arrives at a difficult time for Aston. The company lost nearly £500m last year will have to cut jobs and costs in an effort to turn things around. It needs to sell more cars, too and increase their average transaction price. Which is where the Valhalla comes in. This is an £850,000 mid-engined supercar/hypercar and they plan to build 999 of them. It has a 4.0-litre Mercedes-AMG V8 and three electric motors, to make a total of 1064bhp. But is it any good? Join us as we find out - please click the video player above to watch.

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The £850,000 Valhalla must succeed as Aston Martin faces a £500m loss and urgent need for profitability.

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High-priced supercars like this are crucial for luxury brands to boost average transaction values and margins.

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Only 999 Valhallas will be built, making exclusivity a key selling point in the hypercar market.