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Canadian billionaire Lawrence Stroll leads $240 million Aston Martin investment

After months of rumors and speculation, Canadian billionaire Lawrence Stroll confirmed he led the purchase of a 16.7% stake in Aston Martin for GBP182 million ($239 million). The investment is part of a GBP500 million ($656 million) round of emergency funding that will help the British automaker overcome serious financial challenges. Yew Tree Overseas Limited, a consortium of international investors led by Stroll, built its stake by buying 45.6 million new ordinary Aston Martin shares on the London Stock Exchange, according to Autocar. Aston Martin raised the remaining GBP318 million ($417 million) by giving existing investors the opportunity to buy more shares, the BBC learned. It's not a full bailout, but it's close. Aston Martin ended 2019 in dire financial straits. Stroll will replace Penny Hughes as Aston Martin's chairman; CEO Andy Palmer is expected to keep his job. Several sources confirmed the Racing Point Formula One team owned by Stroll will be rebranded Aston Martin after the 2020 season, and Autocar reported the company will quickly need to eliminate jobs and slash costs. "The difficult trading performance in 2019 resulted in severe pressure on liquidity, which has left the company with no alternative but to seek substantial additional equity financing. Without this, the balance sheet is not robust enough to support the operations of the group," Hughes admitted in an interview with the BBC. Stroll's' appointment to the Aston Martin board comes as the company prepares to overhaul its product plan. It notably confirmed the rumors claiming it put the battery-powered Rapide project on the back burner until further notice, and it delayed plans to revive the Lagonda nameplate on a series of extra-luxurious electric vehicles until after 2025. The first car was originally scheduled to reach the market in 2022, but the battery technology is expensive to develop, and Aston must save about 10 million pounds (around $13 million) annually. The firm will instead focus on mid-engined sports cars. Still according to Autocar, it will begin delivering the 1,160-horsepower Valkyrie hypercar this year, and it's on track to launch the Valhalla in 2022. The Vanquish will go mid-engined shortly after. Delaying electric cars doesn't mean abandoning electrification, and Aston Martin hopes to release "a fuel-efficient, modular V6 engine with hybrid capabilities" by the middle of the 2020s.

Aston Martin DBS 59 limited edition celebrates 1959 Le Mans victory

David Brown — the "DB" in Aston Martin model names — first tried to put his company on the top step of Le Mans in 1949 with the DB2. It took 10 years, the DBR1 winning the world's most prestigious 24-hour race in 1959 with Carroll Shelby and Roy Salvadori behind the wheel. The second DBR1 came in right after, driven by Paul Frere and Maurice Trintignant. To celebrate the 60-year-old victory, Aston Martin Cambridge commissioned Q by Aston Martin to build a special-edition DBS Superleggera called the DBS 59. Finished in Aston Martin Racing Green, bronze detailing recalls the classic race car, while carbon fiber calls out to modern ones. The Aston Martin and Superleggera badging, front grille surround, and brake calipers are finished in a burnished yellow hue, the 21-inch forged wheels splashed with a contrasting bronze. A yellow arrow adorns the tire wall, a painted 5 inside a roundel adorns the fender underneath a Q by Aston Martin badge. Behind the rear aeroblade, bronze foil inlay lists the chassis and engine numbers of the DBR1. The roof gets gloss black carbon fiber. In the Chestnut Tan and Obsidian Black cabin, Q by Aston Martin re-created the original weave on the DBR1 seats to trim the seatbacks and door cards. The shift paddles and 59 Edition embroidery are finished in bronze, the speaker grilles embroidered with a circuit outline. A stitched note on the sun visor lays out the race details. Buyers who wish to go further can purchase a replica open-face racing helmet and goggles, facsimiles of Carroll Shelby's racing gloves, and a period-correct blue race suit. Only 24 examples will be created, one to honor each hour of the race. They'll be available exclusively through Aston Martin Cambridge.

Aston uses DB11 canvas to show what Q can do for you

Aston Martin is putting greater emphasis on its bespoke Q division, which creates and builds one-off designs. At this year's Geneva Motor Show, Aston is bringing a prime example of what Q can do for you. The beautiful Zaffre Blue DB11 shown here showcases Q. The paint is complemented by exposed carbon-fiber details on the front splitter, side sills, rear diffuser, side strakes, hood vents, and door mirrors. Carbon fiber is also on the wheel center caps and under the hood on the engine cover. Inside the DB11, the Obsidian Black leather interior features Q logos embossed on the seats and a four-piece set of color-matched luggage in the trunk. While the company's claim of "almost limitless opportunities" to create a customer's perfect car may be hyperbole, Q's reach goes far beyond simply picking paint or leather colors from a big list or design book. Porsche, McLaren, Ferrari, and other high end brands also offer programs similar to Aston's. A customer who commissions Q to build a car will be able to choose from a range of unique leather quilt upholstery patterns, body-color matching wheels, and a choice of new wood or leather interiors. Aston equates the choices to that of a tailor or a custom yacht builder, with each car built to a customer's specific desires. These customers work with specialists from Q to design their bespoke vehicle. If you have the means, Q can probably make it happen. The DB11 will sit alongside the new Aston Martin Vanquish S and the AM-RB 001 hypercar that was co-developed with Red Bull Racing in Aston's stand this year. Related Video: