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Billionaire Lawrence Stroll reportedly seeks major stake in Aston Martin

LONDON — Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported, sending the carmaker's battered share price up nearly 15% on Thursday. The British sports car maker's share price has slumped since its initial public offering in October last year. The shares launched at 19 pounds ($24.50) before dropping for months and languishing at around 5 pounds for weeks as sales have failed to meet expectations. Its major shareholder is Strategic European Investment Group from Italy, which holds about a third of the company. Stroll is the father of Formula One driver Lance Stroll, and is also famed for his car collection, regarded as one of the best collections of Ferraris in the world. Stroll is heading up a consortium looking to take a "major shareholding" in Aston Martin, Autocar said on Thursday. Two weeks ago, Aston unveiled the DBX, its first SUV, and is pinning its hopes on the model's success. Aston Martin declined to comment. Racing Point did not immediately respond to an emailed request for comment. The carmaker's shares were up nearly 15% at 5.79 pounds Thursday.  

F1 redemption beckons for Vettel after miserable end at Ferrari

PARIS — Sebastian Vettel is feeling optimistic about his new Formula One career with Aston Martin after turning the page on a miserable last season with Ferrari. Things went from bad to awful for the four-time F1 champion in 2020. He had just one podium finish and ended 10 of 17 races outside the top 10 last season amid a tense atmosphere worsened by the fact Ferrari did not offer him a new contract. “The whole year was a challenge. IÂ’m obviously not happy with how last year went in terms of performance, in terms of my performance," he said. “There are things that didnÂ’t go well and things I would have liked to go differently. ItÂ’s not a secret that at stages I wasnÂ’t at my happiest." Last year was a huge fall from grace for Vettel, whose confidence was already shaken after he lost the 2017 and 2018 titles to Mercedes driver Lewis Hamilton, despite leading both championships at the halfway stage. A driver who still shares the F1 record with Michael Schumacher for most wins in a season — 13 with Red Bull in 2013 — and has 53 wins among his 121 podiums found himself outclassed by his junior teammate Charles Leclerc in 2019 and 2020. When Leclerc was given a lucrative new contract through 2024 — and Vettel wasn't even offered one —it became clear who was considered number one in the team. The frown lines grew deeper on Vettel's face as he finished the last three races of 2020 in 13th, 12th and 14th. “It hadnÂ’t been to my standards. IÂ’ve never really cared what people think or say, or write," Vettel said. “ThatÂ’s why itÂ’s important IÂ’m at peace with myself. (I have) very, very high expectations of myself.” He even considered retiring but a move to Aston Martin has rekindled the 33-year-old German driver's enthusiasm. “IÂ’m not too old, there are older drivers returning to the grid," he said, referring to 39-year-old Fernando Alonso. “I donÂ’t think itÂ’s an age thing, I think itÂ’s more a question of (whether) you have the team and the car around you.” The Aston Martin team runs on Mercedes engines and is owned by Canadian billionaire Lawrence Stroll, whose son Lance Stroll is the team's other driver. The plan is to make Aston Martin a title contender within three to five years. Vettel suggested the atmosphere at Aston Martin is less stuffy than it was at powerhouse Ferrari. The Italian manufacturer with its bright red car remains the most iconic name in F1 history.

Aston Martin DB5s from 'No Time to Die' sampled by Carfection

The excellent Henry Catchpole might have just made the most persuasive argument for restomods using one of the world's and pop culture's most celebrated classics. The Carfection host spent a day at Silverstone with no less than four takes on the Aston Martin DB5 — one of them the showstopping original in gleaming Silver Birch with the license plate BMT 216A, three of them stunt cars used in the next James Bond installment "No Time to Die." Catchpole starts off in the stock vintage two-door, its 4.0-liter straight-six sending about 282 horsepower and 287 pound-feet of torque to the live rear axle to move about 3,300 pounds. It's a thrill to run through apexes, but perhaps more for its pedigree than its prowess; at one point, Catchpole wonders, "How on earth he did some of those car chases with seats like this, I've got no idea." Of course, Bond only had to outrun a couple of even older Mercedes sedans in "Goldfinger." The host then slides into the shotgun seat of one of the ringers, with one-time Subaru-driving rally ace Mark Higgins behind the wheel. Higgins has been a stunt driver in four Bond films now, starting his tenure in a Land Rover Defender in "Quantum of Solace," working his way up to drifting the one-off Aston Martin DB10 at around 90 miles per hour through St. Peter's Square in The Vatican. Higgins explains a bit of what went into the DB5-looking stunt cars built for "No Time to Die," one of them built on a ladder frame chassis dressed in carbon fiber body panels, powered by a modern straight-six engine, suspended with Ohlins dampers. The directive was to get repeatability in tricky environments, and hey, more power and less weight is never a bad thing, either.  When Catchpole takes the track again behind the wheel of the stunt car, you'll want to turn on the closed captions. Even if you don't, Catchpole's barely audible exclamations and facial expressions make it clear which car he'd rather take home, and which he'd leave for the "misogynist alcoholic womanizer of a secret spy with really pretty unresolved violence issues." If all goes well, we'll see both in action — plus two more — when "No Time to Die" hits theaters in November. Related Video: