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Geely in talks to take a stake in Aston Martin

China’s Geely Automobile Holding held talks with Aston Martin management and investors as it considers investing into the British luxury carmaker, the Financial Times reported on Friday. Geely is conducting due diligence as it looks at taking a stake in the 107-year-old UK firm, which warned earlier this week its 2019 profits would by cut nearly in half due to weak European markets. Another report out today said that Aston had canceled its RapidE electric car because of its financial situation. Geely owns controlling stake in another British car company, Lotus, and also the London EV Company, which makes London cabs. It also owns Volvo and a nearly 10% stake in Daimler. Aston Martin was not immediately available for comment. Geely did not immediately respond to a request for comment.  Related Video:     Earnings/Financials Green Aston Martin Geely

Tesla loses top communicator Simon Sproule to Aston Martin

Looking for a new job? Have experience working in a frenetic environment, promoting cutting-edge mobility products for a demanding boss determined to change the way we travel on this planet, as well as how we trek to others? We hear Tesla Motors just might have an opening for such a person. Again. Simon Sproule, the electric automaker's vice-president of communications and marketing is vacating his cubicle after a mere six months in order to become the chief marketing officer (CMO) over at Aston Martin. That position had gone begging for a year until this appointment. Once he's settled into his new digs, Sproule will again be breaking rock with former Nissan associate Andy Palmer who himself recently took the top spot at the British luxury marque. The move comes at what seems like an inopportune time for Tesla. It has a big D product announcement – suspected to be an all-wheel-drive update of the Model S – scheduled just two days from now and the reveal of its "mass market" Model ? early next year. The company declined our offer to comment on the situation. Aston Martin, on the other hand, should be happy to finally have someone at the marketing helm, what with the recent dropping of the veil from its Lagonda sedan and what's likely to be a bevy of new product built on its forthcoming platform. News Source: PR WeekImage Credit: Haruyoshi Yamaguchi / Bloomberg via Getty Images Green Marketing/Advertising Aston Martin Tesla simon sproule

Aston Martin Brough Superior AMB 001 starts testing, shows off new color

Aston Martin announced last fall it would be dipping a toe into the motorcycle world with the help of bike builder Brough Superior. The first bike is the AMB 001, and it's finally undergoing track testing and development. The turbocharged 180-horsepower motorcycle is shown on video powering around a race track. It offers a good look at the bike's double-wishbone girder-style front end in action, a signature of Brough Superior bikes. Aston Martin Brough Superior AMB 001 View 5 Photos Besides a look at the bike on track, the two companies showed a version of the bike with dark red tinted carbon fiber panels. It also has some spiffy red brake disc spokes. We also get a close look at the instrument display, which actually appears to be on a smartphone that fits in a slot on the tank. Not many other details have been revealed. The companies announced they would only build 100 examples of the AMB 001. Each one will cost 108,000 Euros — or just shy of $120,000 — and they'll be delivered at the end of the year. Related Video: