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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.

Aston Martin Lagonda supersaloon gets official with first delivery

Over the past 67 years since Aston Martin acquired the Lagonda marque, the name has come and gone, but now it's back again. After an aborted attempt at reviving the brand with a much-criticized SUV concept at the 2009 Geneva Motor Show, Aston is building a new high-end sedan exclusively for the Middle Eastern market, and this is our best look at it yet. We first caught glimpse of the upcoming new Lagonda a few months ago when it was spotted undergoing testing, and Aston released preliminary details and a couple of teaser images just last month. But now it's shipping the first example for testing to the Sultanate of Oman on the Persian Gulf coast, and it has evidently allowed Oman Air and the Aston Martin Oman dealership to release a handful of photos. What we can see is a pretty handsome sedan that borrows stylistically from the original Aston Martin Zagato sedan that shocked the world in the mid-'70s, not to mention cues from the Zagato Centennial concepts revealed last year. It's possible this is Aston's new design direction, a bid to finally take it away from the gorgeous but overfamiliar styling of its current crop. The fresh look is more squared off, with narrower head- and taillights. It's also possible, of course, that this new look will remain specific to future Zagato-branded vehicles. Look close enough and you'll notice that the handsome sedan is wearing the Lagonda badge, not those of Aston Martin. Oman Air Partners With Aston Martin For Exclusive New Lagonda Test Date: 25 August 2014 World class luxury airline Oman Air is today, [TBC], proud to announce a key partnership with globally renowned British car manufacturer Aston Martin which sees the Middle Eastern carrier bring the marque's yet-to-be-launched Lagonda to Muscat as part of its early testing programme. Reviving the iconic Lagonda name from Aston Martin's renowned heritage, the brand new car is a top-of-the-range, luxury four-door super-saloon which has been designed exclusively for the Middle East market – and Oman's awe-inspiring mountains, deserts and state-of-the-art road network are providing the perfect backdrop for essential summer heat testing.

Aston Martin Valkyrie set to make 1,000 horsepower, rev to 11,100 rpm

Aston Martin is working with Cosworth to develop the Valkyrie engine, an engine (we now know) unlike that found in any other production car. Today it has shared some of the specifics. The naturally aspirated 6.5-liter V12 will make 1,000 horsepower and rev up to 11,100 rpm. We did the math, that's 153.8 horsepower per liter in a non-boosted car. Cue the jaws dropping to the floor. The first thought here goes to what this thing will sound like. Aston has us covered there with a video it tweeted out this morning, which you can play below. Developed in conjunction with longtime technical partner @Cosworth, the new V12 had to satisfy a simple, yet extraordinary brief; to create the ultimate expression of the internal combustion engine. #AstonMartinValkyrie #ASTONMARTIN #Cosworth pic.twitter.com/BQXUVD355f — Aston Martin (@astonmartin) December 12, 2018 We got a sneak preview awhile back of the sound, and this just confirms how awesome it's going to be. The noises bring us back to a time when F1 engines actually sounded good. Peak power is made at an astounding 10,500 rpm, so you'll want to rev it all the way up to the top before shifting. Torque is predictably much lower — it makes 546 pound-feet at 7,000 rpm, when most engines are either done or running out of steam. Numbers for the Valkyrie's hybrid system are still unavailable, so we'll have to wait to find out the combined output. The large V12 weighs 454 pounds, and Aston says it's a fully stressed element of the chassis — removing the engine would literally split the car in two. Titanium connecting rods, F1-spec pistons and a billet-machined crankshaft that takes six months to produce are but a few highlights of the Cosworth engine. Aston Martin says the crankshaft is 50 percent lighter than the One-77's V12 rotating assembly. Thankfully, we've been provided with a gallery of engine photos to drool over. Making such a ridiculous and powerful engine emissions-compliant enough for a road car is something every car enthusiast can appreciate. Naturally aspirated V12s are arguably one of the most satisfying engine configurations to have been put forth on this earth. One that revs to 11,100 rpm sounds like it could crack anybody's list of greatest road car engines ever. Aston Martin sounds hyped about it, and we don't blame them. This car, and this engine, are going to be monsters. View 16 Photos Related video: