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Weekly Recap For 7.8.16 | Autoblog Minute

Senior Editor Greg Migliore recaps the week in automotive news, including a look at the new V12 hypercar coming from Aston Martin and Red Bull Racing. Aston Martin Jeep Autoblog Minute Videos Original Video autos Red Bull Racing hypercar am-rb 001

Aston Martin makes RapidE electric car a limited edition after LeEco pulls out

Aston Martin was forced to scale back production plans for its first electric model after cash-strapped investment partner LeEco pulled out of the project, Chief Executive Andy Palmer told Reuters on Monday. The result, though, may be an even more exclusive car, aimed at customers who consider Tesla's top of the range $130,000 Model S to be a little too run of the mill. Aston Martin will build only 155 of its RapidE, about a third of the initial plan, and lean more heavily on Formula One engineering specialist Williams after the withdrawal of Chinese TV and smartphone vendor LeEco, Palmer said. The setback and Aston's response underscore the challenges and risks niche carmakers face as they scramble to address future demand for electrification from consumers and regulators. While the privately held Aston Martin brand benefits from the endorsement of fictitious spy James Bond, it lacks the backing of a large automotive parent that many rivals enjoy. "We've decided to make this car rare, which will obviously tend to push the price higher," Palmer said. "Aston Martin now plans to proceed independently, funding further development of RapidE by ourselves." Palmer agreed to be interviewed after sources told Reuters Aston Martin's partnership with LeEco had unraveled. Unveiling the alliance in February last year, LeEco and Aston pledged to launch an all-electric version of the Rapide S sedan in 2018. But the Chinese conglomerate has since slashed its electric car investments, including its U.S. startup Faraday Future's planned $1.3 billion factory in Nevada. Some Faraday suppliers, including seat maker Futuris and media provider Mill Group, have sued the company for non-payment, according to court records. Spokesmen for LeEco and Faraday did not respond to requests for comment on the end of the Aston partnership. Aston Martin declined to discuss its partner's business. $250,000 PRICE TAG Aston returned to profit in the first quarter, a decade after it was sold by Ford. Now owned by private equity groups Investindustrial and Kuwait's Investment Dar, the company is rolling out a new model each year under a taut recovery plan drawn up by Palmer, who joined from Nissan in 2014. Without LeEco's backing, the sports carmaker, based in Gaydon, Warwickshire, is pushing ahead as sole investor in the electric car, after paring down production and pushing back the launch date to 2019. The plan won board approval on June 21.

Aston Martin Vantage Roadster limited edition gets 100-year-old styling cues

Aston Martin's oldest-known car is turning 100 years old in 2021, and the British firm is celebrating the occasion with a limited-edition Vantage Roadster built by its Q division. It was commissioned by the company's oldest dealer. Located in Walton-on-Thames in England, distributor Aston Martin HWM worked with Q to bring some of the 1921 A3's design cues into the 21st century. The process was easier said than done considering the A3 and the Vantage share little more than four wheels, and creating a completely new car from the ground up was seemingly not an option.  Instead, the commemorative car is a Vantage Roadster that wears a specific grille with a black mesh insert, a bright aluminum frame, and a replica of the emblem fitted to the A3. It also gains redesigned fender inserts painted in a shade of gray that echoes the A3's hood and fitted with black strap above a "No_3" emblem. Most of the Vantage's exterior trim is black, and bronze brake calipers visible behind 20-inch wheels add a finishing touch to the look. Obsidian Black leather dominates the cabin, though Chestnut Tan inserts and stitching ensure the Vantage isn't fully blacked-out. One of the coolest design features found in this limited-edition convertible is the use of brass for three of the dials found on the center stack. They create a visual link between the 2021 Vantage and the 1921 A3. Aston Martin made no retro changes under the hood, which is just as well considering the A3 used a 1.5-liter four-cylinder engine rated at 11 horsepower. Power for the Vantage comes from a 4.0-liter V8 borrowed from Mercedes-AMG and twin-turbocharged to develop 503 horsepower and 505 pound-feet of torque. It spins the rear wheels via an eight-speed automatic transmission. Aston Martin quotes a 3.6-second sprint from zero to 60 mph and a top speed of 190 mph. For context, the A3 made headlines in 1923 by lapping the Brooklands track at 84.5 mph. The 1920s-inspired Vantage is on sale now, though Aston Martin chose not to reveal how many units will be made, how much each one will cost, and whether any will be sold in America. We've contacted the firm for more details. As for the A3, it's not for sale, even if you ask nicely and bring a big wad of cash; it's owned by the Aston Martin Heritage Trust. It will be shown at the annual Concours of Elegance taking place in September 2021 near London. Related video: Aston Martin DBX crossover review