2021 Aston Martin Dbx on 2040-cars

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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.

Forza Horizon 3 adds Ford Police Interceptor, Jeep CJ5

We're only a few weeks past the debut of Forza Horizon 3, and already the folks at Turn 10 are introducing the first of six car packs for the open-world driving game. Focused heavily on performance, there are still a few, um, oddballs, including one we're sure Forza's livery customizers will have a blast with. The Smoking Tire Car Pack brings seven new vehicles to FH3, with the Aston Martin Vulcan, Pagani Huayra BC, GTA Spano, Lotus 340R, and BMW M2 repping traditional performance vehicles. As per usual, FH3 renders each car beautifully and promises a solid approximation of real-world performance – even if you do ditch the roads and opt to rampage through the Australian countryside. While performance is good, the Ford Crown Victoria Police Interceptor and the Jeep CJ5 Renegade bring an off-beat vibe to this particular pack. We aren't certain, but this might be the first time the Police Interceptor appears in a blockbuster driving game. While we expect plenty of police car liveries for the Crown Vic, Forza's rabid community of tuners and customizers are sure to do much more with it. As for the CJ5, is there a better vehicle for tooling about Australia? Yeah, we didn't think so. The Smoking Tire Car Pack is available for free as part of the Forza Horizon 3 Ultimate Edition or Car Pass program. Commitment-phobes can also download this single vehicle pack for $7. Featured Gallery Forza Horizon 3: Smoking Tire Car Pack News Source: Turn 10 StudiosImage Credit: Turn 10 Studios Toys/Games Aston Martin BMW Ford Jeep Lotus turn 10 studios bmw m2 forza horizon ford crown victoria aston martin vulcan forza horizon 3 gta spano

Aston Martin begins building continuation DB5 with fake machine guns

We could have written this sentence in 1963: "Aston Martin has launched production of the DB5." Then, it would have referred to a shapely new coupe introduced to the popping of flash bulbs to replace the DB4. In 2020, it signals that the first batch of "Goldfinger"-spec continuation cars announced in 2018 by former CEO Andy Palmer are nearly ready to roar out of the Aston Martin Heritage Division's workshop in Newport Pagnell, England.  Workers build each DB5 from scratch, they're not starting with a donor car, and the process takes approximately 4,500 hours (or six full months). The firm explained it builds cars by hand using period-correct manufacturing techniques when possible, but it's not opposed to embracing modern engineering advancements when needed. Aston Martin enlisted the help of EON Productions, the company that makes James Bond films, to ensure the continuation cars are accurate replicas of the DB5 used in "Goldfinger." Most of the gadgets that wowed movie fans on the big screen are accounted for, including a rear smoke screen delivery system, a simulated oil slick delivery system, a set of revolving license plates to fool the bad guys, and twin machine guns hidden behind the headlights. Fear not; they're fake, so you don't need to invest in an armored Mercedes-Benz G-Class if you spot a new DB5 in your neighbor's driveway. Buyers can pay extra for a hatch above the passenger-side front seat. Inside, the add-ons include a telephone integrated into the driver's door, a radar screen tracker map (which is also fake), and a tray used to store weapons under the seats. Watch your elbow if you're lucky enough to ride in one: Some of the buttons used to activate the aforementioned gadgets are integrated into the armrest. The aluminum hood hides a 4.0-liter straight-six engine that slurps gasoline through three SU carburetors to deliver about 290 horsepower. It spins the rear wheels via a five-speed manual transmission and a mechanical limited-slip differential. Aston is also installing disc brakes all around and non-assisted rack-and-pinion steering, so the continuation cars will accelerate, handle, look and sound like a DB5 should. Aston Martin is only making 25 examples of the modern-day DB5, and it priced each one at GBP2.7 million (about $3.3 million at the current conversion rate). Deliveries are scheduled to begin in the second half of 2020, which is when the DB5 will return to the big screen in the next installment of the James Bond series.