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Aston Martin confirms Mercedes-AMG boss Moers to replace CEO Palmer

Aston Martin confirmed on Tuesday that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer, who stepped down on Monday. The Financial Times newspaper reported over the weekend that Palmer would step down, before he had been informed. A source familiar with the situation had also confirmed to Reuters the planned move. "The board has determined that now is the time for new leadership to deliver our plans," Lawrence Stroll, Aston Martin Lagonda's Executive Chairman said. The company said Moers, who will be based at its headquarters in Warwickshire, had built a reputation for transforming businesses in tough environments during his 25 years in senior roles at Daimler. Germany's Daimler AG owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines. "Under Tobias’ leadership, Mercedes-AMG has more than doubled its product portfolio and quadrupled the number of AMG units sold, with a clear pipeline of further expansion opportunities, especially in electrification of powertrains in the performance segment," Aston Martin said in a statement. "TobiasÂ’ focus on operating and manufacturing efficiency has delivered significant margin expansion. This strong financial performance was supported by the introduction of a clear brand management strategy, which delivered a measurable increase in brand value and awareness." Aston Martin has seen its share price plummet since floating in October 2018. The 107-year old British luxury carmaker earlier this month posted a deep first-quarter loss after sales dropped by almost a third due to the impact of the novel coronavirus outbreak. "All of my and TobiasÂ’ energy will be dedicated to building on the CompanyÂ’s inherent strengths, its brand, its engineering prowess, and the skills of its people to enable Aston Martin to become one of the pre-eminent luxury car brands in the world," Stroll said. Related video:

Win an Aston Martin Vantage GT Roadster from Daniel Craig and a bunch of puppies

Puppies! Oh, and Daniel Craig. Minus a few barks and whimpers, he's the one doing all the talking in the video above. Maybe you should listen to what he has to say – as the actor currently playing James Bond, the man knows a thing or two about Aston Martins. And he's offering to give away one lovely, lightly customized Vantage GT Roadster along with an all-expenses-paid trip for you and a friend to meet him at some undisclosed location. Cool stuff. The deal is part of a promotion from Omaze, the same fundraising outfit that made a bunch of money for the Paul Walker Foundation last year. As was the case with that promotion, you have to make a donation in order to be in the running to win the Aston Martin. This time, the charity is the United Nations Mine Action Service, which works in 18 countries and territories around the world "to reduce the threat and impact of landmines and other explosive hazards." Sounds like a worthy cause to us. The more money you donate, the more times you're entered into the raffle to win the car and a whole host of other prizes. All the details can be found here, but only if you can manage to pry your eyes away from the adorable little Golden Retriever puppies in the video up above... Good luck. Related Video:

Aston Martin Valkyrie does a tantalizing lap of Silverstone

The Aston Martin Valkyrie performed a low-level fly-by at Britain's Silverstone Circuit during the Formula One Grand Prix weekend. The lap marked the first public demonstration of the future paterfamilias of the Aston Martin range, after months of digital modeling and time in the simulator. Aston Martin test driver Chris Goodwin didn't drive the 1,160-horsepower coupe in anger, but he did touch the throttle with some emotion. Regrettably, video of the event lays music over the far more redeeming Cosworth V12 soundtrack, but we do get a taste of what's to come. Thing is, "Top Gear" visited Cosworth in December last year to get some face time with the 6.5-liter V12. Toward the end of the video, Cosworth ran an engine dyno simulation of the V12 going hard through the first sections of Silverstone. Oh, the sound. Oh, the fury. Combine that with the sight of the car cruising the circuit, and know that something wicked this way comes.  If you want to know just how serious the team behind the Valkyrie takes the brief, presenter Jack Rix said Red Bull F1 aerodynamics guru Adrian Newey stopped by the shop to look at the finished product, after two years of development. Newey tapped the lacquered carbon fiber intake manifold cover, then asked Cosworth how much the lacquer weighed. When Cosworth told him "130 grams," Newey looked disappointed. That response turned into offering Valkyrie buyers the option of having the engine's carbon cover with or without lacquer. In American terms, this is much ado over 4.6 ounces, or a McDonald's Royale with Cheese.   With deliveries scheduled to begin in the fourth quarter of this year, Aston Martin has a packed program of validation testing for the car, called Verification Prototype 1. After that come competition entries into the FIA World Endurance Championship (WEC).