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Canadian billionaire Lawrence Stroll leads $240 million Aston Martin investment

After months of rumors and speculation, Canadian billionaire Lawrence Stroll confirmed he led the purchase of a 16.7% stake in Aston Martin for GBP182 million ($239 million). The investment is part of a GBP500 million ($656 million) round of emergency funding that will help the British automaker overcome serious financial challenges. Yew Tree Overseas Limited, a consortium of international investors led by Stroll, built its stake by buying 45.6 million new ordinary Aston Martin shares on the London Stock Exchange, according to Autocar. Aston Martin raised the remaining GBP318 million ($417 million) by giving existing investors the opportunity to buy more shares, the BBC learned. It's not a full bailout, but it's close. Aston Martin ended 2019 in dire financial straits. Stroll will replace Penny Hughes as Aston Martin's chairman; CEO Andy Palmer is expected to keep his job. Several sources confirmed the Racing Point Formula One team owned by Stroll will be rebranded Aston Martin after the 2020 season, and Autocar reported the company will quickly need to eliminate jobs and slash costs. "The difficult trading performance in 2019 resulted in severe pressure on liquidity, which has left the company with no alternative but to seek substantial additional equity financing. Without this, the balance sheet is not robust enough to support the operations of the group," Hughes admitted in an interview with the BBC. Stroll's' appointment to the Aston Martin board comes as the company prepares to overhaul its product plan. It notably confirmed the rumors claiming it put the battery-powered Rapide project on the back burner until further notice, and it delayed plans to revive the Lagonda nameplate on a series of extra-luxurious electric vehicles until after 2025. The first car was originally scheduled to reach the market in 2022, but the battery technology is expensive to develop, and Aston must save about 10 million pounds (around $13 million) annually. The firm will instead focus on mid-engined sports cars. Still according to Autocar, it will begin delivering the 1,160-horsepower Valkyrie hypercar this year, and it's on track to launch the Valhalla in 2022. The Vanquish will go mid-engined shortly after. Delaying electric cars doesn't mean abandoning electrification, and Aston Martin hopes to release "a fuel-efficient, modular V6 engine with hybrid capabilities" by the middle of the 2020s.

Mercedes to offer SL, GL platforms to Aston Martin?

The agonizingly slow courtship between Aston Martin and Mercedes-Benz has been a regular topic of conversation ever since the 2009 Lagonda Concept debuted, riding on a Mercedes GL chassis. Beyond that one polarizing concept, though, nearly every other attempt to pair the two brands up in a major way has fallen through. Only the technical partnership between Mercedes and Aston for certain components from AMG, which was negotiated back in July, has held up so far.
That may finally be set to change, according to an excellent profile of the two brands' relationship from Automobile, which claims that two platforms will unite the Germans and Brits. The first tie up is, not surprisingly, a sports car.
As Aston Martin's VH platform - which underpins every car that comes out of Gaydon - continues to age, the pressure will well and truly be on Aston to find a next-gen replacement to underpin the successors to the Vantage, Vanquish, DB9 and Rapide. Automobile claims Mercedes has just such an architecture, in the form its new modular sports car platform. This new platform is slated for the next-generation SLK and SL and is still in its design infancy.

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.