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Aston Martin sues dealer over $3.5 million Valkyrie supercar

Aston Martin Lagonda Global Holdings said it’s suing a company affiliated with one of its dealers in Switzerland, alleging that it withheld customer deposits collected for the $3.5 million Valkyrie supercar. The automaker accused Nebula Project AG of failing to pass some deposits taken from customers along to Aston Martin and said it has terminated an unconventional commercial arrangement its previous management team entered in 2016. Under the now-dissolved deal, Nebula had agreed to fund development of the Valkyrie and other mid-engine cars in exchange for royalty payments. As a result of terminating the agreement with Nebula, Aston Martin is no longer liable for any potential royalty payments, which could have been “significant” over time, the carmaker said in a statement Tuesday. The company also cut off its dealer arrangements with AF Cars AG, the company that operates Aston Martin St. Gallen in Switzerland, whose board members manage Nebula. A spokeswoman for the cantonal prosecutorÂ’s office in St. Gallen said they are expecting a lawsuit to be filed but hadnÂ’t received it as of noon Tuesday. A spokesman for Aston Martin St. Gallen was not immediately available to comment, according to a receptionist. The canton of St. Gallen in eastern Switzerland is home to just 510,000 people but generates gross domestic product of almost 39 billion Swiss francs ($42 billion), making it a natural fit for wealthy fans of supercars. The Valkyrie, which Aston Martin expects to start shipping in the second half of the year, is intended to compete with mid-engine models made by the likes of Ferrari and McLaren. While Aston Martin believes the net impact of its actions against Nebula will be positive over time, itÂ’s expected to reduce cash flow and earnings before interest, taxes, depreciation and amortization by as much as 15 million pounds this year. The automakerÂ’s shares traded down 1.9% as of 11:50 a.m. in London, paring an earlier decline of as much as 4.9%. Valkyrie customers will still receive their cars as scheduled, Aston Martin said, despite the company not having received all the deposited funds. The company said it will take deposits for special vehicles directly from customers going forward instead of through dealers. Aston Martin racked up significant losses after going public in 2018 and has spent the last year restructuring itself after a rescue by Canadian billionaire Lawrence Stroll, who took over as chairman.

Aston Martin and Mercedes-AMG bicycles: Luxury branding has no bounds

Luxury automobile companies are never quite satisfied with building high-end cars. They often stray into other types of branded merchandise that can have little to do with cars, such as the BMW Active line of clothing and accessories. Splitting the difference between branded merchandise and actual vehicles are these two limited-production bicycles from Mercedes and Aston Martin. The bike above is a collaboration between Mercedes-AMG and German bicycle brand Rotwild, a builder that has been around since 1996, according to the company's website. The bicycle in question is the R.S2 "Beast of the Green Hell." It's inspired by the Mercedes-AMG GT R sports car that was promoted with the same nickname. It uses a carbon frame and wheels, as well as disc brakes. It's also painted in green and black to match the Green Hell Magno color available on the GT R. Only 50 of them will be built, and each will carry a pricetag of over ˆ7,000, or nearly $8,300 at current exchange rates, including tax. View 4 Photos The second bicycle is from Aston Martin and another German bicycle company, this one called Storck Bicycles. This bike company has also only been around since 1995. The bike is called the Fascenario.3 Aston Martin Edition, and it will be a bit less rare than the Mercedes bicycle, with 107 total units. It's still a cool vehicle, though, featuring a carbon frame and wireless shifters. In total it weighs 13 pounds. It does lack the disc brakes of the Mercedes bicycle, though. Pricing hasn't been announced for the Aston Martin bike, but don't expect it to be cheap. Related Video: Featured Gallery ROTWILD R.S2 Limited Edition Mercedes-AMG GT R bicycle View 9 Photos Image Credit: Mercedes-Benz, Aston Martin Green Weird Car News Aston Martin Mercedes-Benz Performance mercedes-amg

Aston Martin reveals new AMB 001 motorcycle, its first

Aston Martin has taken the wraps off a limited-edition lightweight racing bike called the AMB 001, its first-ever motorcycle, at EICMA in Milan, revealing a sculpted, vaguely retrofuturistic melding of form and function that is the first offering from a new partnership with English bike maker Brough Superior Motorcycles. Featuring a double wishbone front fork, the track-only bike represents a marriage of Aston’s design and Brough SuperiorÂ’s engineering. ItÂ’s inspired by AstonÂ’s current crop of mid-engine sports cars, presented in the brandÂ’s racing colors of Stirling green and lime essence with matte black wheels, forks and brake assemblies mixed in with unadorned carbon fiber. The latter material features on the signature fin, which derives its design from the side strake on Aston cars and which runs atop the bike along the length of the gas tank, under the saddle and out back. Another carryover is the same stainless-steel ultra-light wings that feature on the Valkyrie sitting under the lacquer of the bodywork on the nose and tank. There are also aerodynamic wings attached to the cowl on the front of the bike that harken to the S-curve on the front of an Aston Martin to apply downforce. Carbon fiber figures in the body structure, and titanium and billet aluminum feature elsewhere. The hand-stritched saddle is made of Oxford tan leather. The bike is powered by a V-twin turbocharged engine that makes its first appearance on a Brough Superior bike. It makes 180 horsepower, although thereÂ’s no information offered on top speed. The bikeÂ’s dry weight is just under 397 pounds. Just 100 examples will be built at the Brough Superior plant in Toulouse, France. Starting price is 108,000 euros (about $119,809 at current exchange rates), including a 20% VAT, with first deliveries expected in the fourth quarter of 2020.