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Mercedes-Benz to boost stake in Aston Martin to 20%, lend it some tech

Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker's largest shareholders, Aston said on Tuesday. Aston Martin, popular for being James Bond's carmaker of choice, has suffered a torrid time since it went public two years ago, with its shares losing two-thirds of their value this year. The 107-year-old firm hired Tobias Moers, former CEO of Mercedes-AMG, as its new boss from August. Aston said the increase in Mercedes-Benz's stake, from 2.6% currently, would take place in several stages as part of a wider issue of 250 million shares at 50 pence each. The stock issued to the German group will have a maximum value of 286 million pounds ($372.7 million), it said. The deal will see an existing supply agreement between the two firms, in place since 2013, expanded to give Aston Martin access to key Mercedes' technology, including hybrid and electric drive systems. "We take another major step forward as our long-term partnership with Mercedes-Benz AG moves to another level, with them becoming one of the company's largest shareholders," said Aston's chairman and biggest shareholder Lawrence Stroll. The German firm will get the right to nominate one non-executive director to Aston Martin's board after its first shareholding increase, the London-listed firm said. Aston, which has started deliveries of its first sport utility vehicle, the DBX, said on Tuesday it swung into an adjusted core loss of 29 million pounds in the third quarter, versus a profit of 43 million pounds last year. Revenue in the period nearly halved to 124 million pounds, it said. Aston Martin is targeting annual capex of 250 million pounds to 300 million pounds per year between 2021 and 2025. It envisages production volumes of about 10,000 units, revenues of about 2 billion pounds and adjusted core profit of 500 million pounds by financial years 2024 or 2025.

2020 Aston Martin DBX is an Aston you won't be afraid to put your dogs in

Most Aston Martins, being two-door coupes, aren't necessarily cars in which you'd want to bring your four-legged friends. But the 2020 Aston Martin DBX crossover isn't a typical Aston. Not only does it have space for large dogs and other pets, but Aston is offering a selection of accessories in a Pet Pack to make travel more comfortable for furry companions. It includes a divider to keep your pets in the cargo area, and a lovely gray fabric and saddle brown leather bed for them to lie on. A fabric bumper guard can fold out to protect paint from stray claws, and a portable washer will let you clean up your dogs after a muddy romp. There are even pet bowls for food and water. The Pet Pack is one of a few accessory packages Aston is showing off for the DBX even before we've seen the crossover officially revealed. One of the other unique packages is the Event Pack, which comes with a picnic hamper, blanket, chairs and extra umbrella storage. Then there's the Snow Pack that, in addition to a ski bag, ski rack and snow chains, comes with boot warmers. Aston will also offer custom leather trimmed child seats for families. And of course there are a variety of interior organizers and custom luggage options for general odds and ends. Pricing and availability haven't been announced yet. That information will come along with the official reveal of the DBX this December.

This Aston Martin V8 Vantage prototype sounds like it has AMG power

We've known for a while now that the next Aston Martin V8 Vantage would get power from a turbocharged Mercedes-AMG engine, but this is the first time we've had a chance to hear it. The video above, recorded by Autoevolution, shows a prototype of the 2018 Aston Martin Vantage cruising around roads near the Nurburgring. The sound is definitely similar to other V8-powered Mercs, and absolutely does not an Aston power plant. As for how good it sounds, the office is split. At least we're in agreement that it's good the car will probably be offered with a manual transmission. We can also pick out a few little details from the body. This new Vantage will get fender vents like those on the DB11 starting from just behind the front wheel arch. The DB11's high and wide rear haunches will carry over as well. This particular prototype has a very deep chin spoiler up front, which may indicate there will be more than one version. The headlights are concealed well, but considering the similarities to the DB11 in other areas, we'd expect similar swept-back headlights up front. Basically, the Vantage is shaping up to continue Aston's tradition of similarly shaped sports cars in different sizes, but that's hardly a bad thing when the resulting cars look so good. Related Video: News Source: Autoevolution / YouTube via Road & TrackImage Credit: Autoevolution / YouTube Spy Photos Aston Martin Coupe Future Vehicles Performance Videos viral video mercedes-amg aston martin v8 vantage