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Aston Martin not actively pursuing new investors as opens SUV plant

ST ATHAN, Wales — Aston Martin, which was reported this week to be the target of Canadian billionaire Lawrence Stroll, said it was not actively pursuing new investors on Friday as it opened a new factory to build its first sport utility vehicle. As some in the global car industry turn to partnerships, alliances or mergers to handle the challenge of electrification, new technology and tighter margins, Autocar magazine reported on Thursday that Stroll, the owner of Formula One team Racing Point, is preparing to buy a major stake in Aston. "You know what we would have to do if there was an official approach. Beyond that, I can't comment," Aston's chief executive Andy Palmer told Reuters at the factory opening, referring to rules governing publicly-listed companies. "We're certainly not actively soliciting any other participation. That's not to say it doesn't come," he said when asked whether Aston needed a new investor. The British automaker's new factory in south Wales holds the key to ending a poor performance this year from Aston, whose shares have tumbled 75% this year on weaker-than-expected sales. In August, Aston's biggest investor, Strategic European Investment Group, bought an extra 3% stake in the 106-year-old company, whose second largest shareholder is a Kuwaiti investor. Last month Aston, which floated in October 2018, launched its DBX model, hoping that more female buyers will help boost sales after posting a pre-tax loss of 92.3 million pounds ($118 million) for the first nine months. It hopes its new factory, in St Athan, near Cardiff, will help turn around its fortunes. The plant is its second alongside its historic one in Gaydon, central England. As the autos sector consolidates through deals such as the merge of Peugeot and Fiat, Aston has said it does not need to belong to a bigger automotive group, pointing to the success of stand-alone rival Ferrari. Palmer said the small stake held by Germany's Daimler allows Aston to have access to technology and benefit from the speed at which it can operate independently. "There is a perfectly rational route to success in our current state," he said. Reporting by Costas Pitas.

Aston Martin teases the DBX again ahead of December debut

Aston Martin began the teaser campaign for the DBX two months ago with a 37-second video of the coming crossover on a romp over dirt roads, carousing and drifting through a magenta landscape. The next month brought a dynamic tease, the DBX running up the hill at Goodwood. Now another teaser is out, this one called The Grille, focused on that trademark Aston Martin component. The dreamy vid, laid out like an opening credit sequence for a Bond film, is captioned, "Aston Martin’s first SUV features the iconic DB grille." In case that's not enough to make the connection, the DB11 opens the 41-second clip before eventually transitioning into the DBX. The DBX is built on the same Second Century Architecture supporting the DB11, the SCA also planned to carry the Lagonda's future lineup of electric vehicles. Power will come from the same Mercedes-AMG-sourced 4.0-liter twin-turbocharged V8 found in the DB11 and the Vantage. If the horsepower rumors come true, we can expect 503 ponies from the charge, same as found in the 2020 Mercedes-AMG GLC 63 S Coupe, and something like 516 pound-feet of torque. The engine being hooked up to a Mercedes electrical architecture helps explain the surfeit of Mercedes-looking switchgear inside the DBX cabin, including what looks like a heavily MBUX-inspired infotainment system. Without stating a figure, Aston Martin makes note of DBX towing capability; the GLC 63 can manage 3,500 pounds, enough for the DBX to pull the required barrow of champagne to Royal Ascot 2020. The reveal is scheduled for December, deliveries to come in 2020 after units roll off the carmaker's new factory in St. Athan, Wales. Production numbers are penciled in for 5,000 units per year. The order book opened over the weekend at Pebble Beach; selling the planned annual production would nearly double the company's annual sales.

1980 Aston Martin Bulldog concept will reattempt to break the 200-mph barrier

Aston Martin's 1980 Bulldog concept will receive a second chance to break the 200-mph barrier after it emerges from a complete, 18-month restoration. It was developed with all-out speed in mind — the British company had hoped the coupe would become the fastest car in the world, but it missed its target before getting shelved. Had things gone as planned, car-crazed kids in the 1980s would have grown up with a picture of the Bulldog on their bedroom wall. Aston Martin wanted to hoist itself up the exotic car pecking order by building the fastest car in the world, though it didn't envision more than a limited production run of 15 to 25 cars. Penned by William Towns, who also drew the Lagonda, the Bulldog looked like nothing else on the road (let alone in the Aston Range) due in part to its five center-mounted lights, and it broke with tradition by adopting a mid-mounted engine. Engineers floated a top speed of 237 mph, according to The Drive, but the Bulldog ran out of breath at 191 mph. Victor Gauntlett axed the project shortly after taking the top job at Aston Martin in 1981 because the numbers didn't add up; the firm wasn't in a position to chase speed records. Now, 40 years later, it's almost time to try again. Classic Motor Cars began the lengthy process of restoring the Bulldog on behalf of a private owner in 2020, and it enlisted the help of Aston Martin factory driver Darren Turner to see if it can break the 200-mph barrier once it's back in one piece. Richard Gauntlett, the son of the company's former boss, is overseeing the project. We don't know precisely when or where the speed run will take place, but Classic Motor Cars aims to have the Bulldog running by the end of 2021. In a statement, it said that the car is "well on the way to being restored." Restoring any exotic car from the early 1980s is a meticulous, expensive, and time-consuming process, and bringing a one-off concept car back to life increases the number of challenges exponentially. Classic Motor Cars can't order parts from Aston Martin, for example, and it's not able to study another example to find out how a specific panel is welded. It helps that the Bulldog hasn't been significantly modified over the past four decades, though some parts (like the door mirrors) were added later, and that it was complete when it arrived at the shop. Power for the Bulldog comes from a 5.3-liter V8 that's twin-turbocharged to 600 horsepower, figures that are still respectable in 2021.