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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 DB5 'No Time to Die' Edition takes 007 to the tikes

Last August, The Little Car Company introduced the Aston Martin DB5 Junior. It was a two-thirds-scale replica of the life-sized item, with an electric powertrain in place of the inline-six, made for kids whose leases were up on their Little Tikes Cars and wanted to get into something more mature. A year later, with the new James Bond film No Time to Die finally reaching theaters at the end of this month, The Little Car Company (TLC) has rolled out a DB5 Junior No Time to Die Edition in its sales garage. Working with Aston Martin, Eon Productions, and Bond film special effects supervisor Chris Corbould, the newest little Aston gets more power and a host of gadgets. The original DB5 Junior contained a 1.8-kWh battery pack powering a 6.7-horsepower motor, and could be driven in Novice or Expert modes. The Bond-themed version has been uprated to a 7.2-kWh pack turning a 21.5-hp motor, and can be piloted in Novice, Expert, Competition and Escape modes. It's the most powerful vehicle the company currently offers, and can go up to 80 miles on a charge. Fidelity to the original includes Silver Birch paint and Smiths instruments, although a couple of gauges have been swapped out to serve an EV powertrain instead of internal combustion. The Bilstein dampers and Brembo brakes with brake regeneration are subtle improvements. And true, Daniel Craig's Bond doesn't drive the droptop DB5, but TLC made a Q Branch executive decision so that parents could fit in the car beside their kids.   Gadgets are controlled by a hidden switch panel in the passenger's door, because agents-in-training should focus on driving. They goodies menu lists a digital license plate, fake Gatling guns behind the headlights, a real smokescreen generator emitted through exhaust tips, and a skid mode. Owners of the last year's DB5 Junior will get first right of refusal to purchase the No Time to Die Edition. Unlike the original, which TLC made 1,059 examples of, the DB5 Junior No Time to Die Edition will be limited to 125 units. The new version doubles the price of the original, costing GBP90,000 ($122,616 U.S.) plus tax to become a miniature agent in Her Majesty's Secret Service.  Related Video:

One-off Aston Martin DB9 Spyder Zagato Centennial up for grabs

There's a long and proud history of Aston Martins coachbuilt by Zagato, and while we wouldn't call them commonplace, most of them were put in serial production, however limited. But not this one. This one-of-a-kind DB9 Spyder was handbuilt by Zagato (along with a similarly styled DBS coupe) to celebrate Aston's centenary. Rather than remain in the private collections of either company, though, it was built in England, fitted with its customer bodywork (over the course of a year) in Italy, showcased back in England and then again at Pebble Beach before being delivered to its owner, who has kept it in California ever since. But now he's putting it up for auction. Equipped with a 6.0-liter V12, carbon-ceramic brakes and of course that unique coachwork, the DB9 Spyder Centennial edition has been consigned to RM Sotheby's for its sale in Monterey this coming August, two years after it was first shown there. It's anticipated to fetch between $380,000 and $450,000, which would be about double what Aston charges for a new DB9 Volante, but strikes us as a pretty solid investment considering just how rare this particular Anglo-Italian bird really is. Of course the Aston Zagato isn't the only notable vehicle RM has in store for Pebble this year. It's also highlighting a 1968 Maserati Ghibli Spyder that's billed as the first of its kind ever made, a US-spec Ferrari Daytona prototype, an early Lamborghini Countach and a rare 1973 Nissan Skyline GT-R. In short, RM's Monterey auction is already shaping up to be a notable one, and we're still a few months out with new consignments being added all the time.