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Aston Martin CEO Andy Palmer to leave in favor of AMG chief Tobias Moers

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday. The luxury carmaker said in an emailed statement that it is reviewing its management team but declined to comment on Palmer's fate. Palmer and Germany's Daimler, which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment. The Financial Times newspaper had reported earlier that the Aston Martin chief was going to leave as part of a shake-up of its leadership, with an official announcement expected on Tuesday. Palmer had not been informed of the upcoming announcement, the newspaper reported. Aston Martin, famed for being fictional secret agent James Bond's car of choice, 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. The company has been banking on its sport utility vehicle to drive sales in a new segment, and said production was on track. In January, dire conditions forced the company to bring in Canadian billionaire Lawrence Stroll who bought a roughly 20% stake for nearly 200 million pounds ($263 million), as the ailing carmaker sought to raise funds. The coronavirus pandemic and shutdowns caused by it have hit demand and forced factories around the world to suspend production, negatively impacting many industries, including car manufacturers. "We were obviously fairly significantly hit by COVID-19, starting with China in January but more clearly in what we saw as it came across towards Europe and the United States," Palmer told Reuters earlier in May. Related Video:

Aston Martin Lagonda Vision Concept re-envisioned as zero-emissions luxury brand

After introducing the hand-built, limited-edition, one-million-dollar Lagonda Taraf saloon in 2015, Aston Martin is again reaching to its Lagonda heritage dating back to 1904. But while there's a new saloon concept to be presented, Lagonda has completely changed around it. The Taraf had a six-liter, 540-horsepower V12 under its hood: the new car has no engine and no hood. Instead, Aston Martin is turning Lagonda into what it calls the first zero emission luxury brand. The herald of the newly born Lagonda is the Vision Concept, and it showcases the design language Aston Martin is preparing for a 2023 launch. While Astons still embrace the internal combustion engine, the letter "O" in Lagonda's logo is re-purposed to stand for zero emissions. As per Aston's statement: "With no need to package a vast internal combustion engine, gearbox and transmission, Lagonda's designers could optimize the interior down to the smallest detail and then build up the exterior of the car around it. The Lagonda Vision Concept doesn't have a bonnet because one is not required." The production Lagonda is to be fully autonomous "on all routine circumstances and all recognizable roads." This means the steering wheel can freely move from the left side of the car to the right, or retract completely. Choosing to not do the driving isn't alien to Lagonda customers, as Aston Martin's Andy Palmer explains. "For owners of true luxury cars, autonomy has existed for over a century, in a carbon-based form called a chauffeur." He adds, "We imagine most Lagonda customers will choose to be driven, but whether by a person or a computer will be up to them. And if they want to drive themselves, the car will ensure that is a delightful and memorable experience too. Lagonda will provide that choice." The tall, airy cabin has been designed with the help of Savile Row tailors, and the armchair-like seats can be arranged to face each other. The seats aren't mounted on runners, but cantilevered arms. As for range, Lagondas will have been engineered for a real-world 400-mile range with solid-state batteries. There's "intelligent all-wheel-drive," with any wheel able to be given 100 percent of the available torque.

Say hello to the Aston Martin 'On Her Majesty’s Secret Service' DBS Superleggera

There's the fact that the Aston Martin DBS Superleggera has become the carmaker's most popular canvas for special editions of late. There's the fact that Aston Martin has a longstanding relationship with the production company behind the James Bond film franchise. And there's the fact that Aston Martin is working with the Bond franchise at the moment, with the Rapide E and who knows how many other Warwickshire products to star and cameo in Bond 25. And that's how we arrive at the fact of the Aston Martin "On Her Majesty's Secret Service" DBS Superleggera, which celebrates the sixth film in the franchise. From now on we'll call this coupe the OHMSS DBS Superleggera, which, when pronounced "Oh Ms. DBS," is a wonderful acronym. We didn't make that up, either — the first five letters are etched onto the strakes on the front fenders. In 1969, George Lazenby as James Bond drove an olive 1969 DBS in the film. This being a turbulent time for the franchise, the car had no gadgets and didn't appear in any action scenes. The best it could do for fighting was a 4.0-liter inline six cylinder with either 282 horsepower or 325 hp depending on whether it had the SU or more potent Weber carburetors. Now that we live in an era of all-action-all-the-time, the DBS Superlegerra celebrates the film's semicentennial with a 712-hp, 5.2-liter twin-turbo V12. Olive paint dresses up the carbon fiber bodywork and the cantrails and roof that are usually black. The hue gets contrasted by a six-bar horizontal grille and a delightfully ornate set of diamond-turned wheels. The interior is wrapped in Pure Black leather set off with Alcantara in the same kind of gray blend found in the 1969 DBS. The seats get outlined in red piping, matching the red-trimmed glovebox in the movie where Bond retrieved his disassembled Armalite AR-7 rifle and telescopic sight. If a buyer wishes, he can order a custom black drinks case for the trunk, designed to fit two bottles of bubbly and four flutes. Aston Martin will make 50 examples of the Oh Ms. DBS priced at GBP300,000 (about $380,000). That's around $72,000 more than the standard GT, and we'd recommend splurging on bulletproof rear glass for the new DBS, too. That will still be an easier bullet to take than the track-only, GBP2.75 million Aston Martin Goldfinger DB5 Continuation Gadget.