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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:

Snap up the only all-aluminum Aston Martin V12 Zagato Coupe in the world

Roses are red, violets are blue, and neither are remotely as beautiful as this extremely rare 2012 Aston Martin V12 Zagato Coupe sporting Aston Martin Racing Green. The only example of its kind, It's currently listed for sale in the U.K. Offered by Bell Sport & Classic, this V12 Zagato is the top layer of the cream of the crop. The engine plaque says the car is No. 2 of 2, but in reality, it's one of one. While the first of the two pre-production prototypes was built using part aluminum, part carbon fiber for the body, this example was built entirely out of aluminum. The two pre-pro cars were used for events, and customer viewings, and toured around the globe.  In total, a few more than 60 Aston Martin V12 Zagato Coupes were produced (some report 61, others say 64). It was unveiled at the 2011 Concorso d’Eleganza Villa dÂ’Este as a tribute to the 50th anniversary of the DB4GT Zagato. Under the hood, it has a V12 that originally made 510 horsepower, and it shares mechanical parts from the V12 Vantage. It features several typical Zagato style characteristics, such as the double-bubble roof, wide-open grille, short body overhangs, and circular rear lighting. This example is right-hand-drive and features a manual transmission. Despite its status as a pre-production vehicle, it has been owned before. Aston Martin had possession of the vehicle until 2016, when Zagato was set to take ownership for its own collection, but "a very special Aston Martin client" finessed it away from the manufacturers. Before he took the car in, it was given a "full recommissioning." Originally Titanium Grey, it was repainted Aston Martin Racing Green, and the interior was retrimmed as well.  The 2012 Aston Martin V12 Zagato Coupe is currently available for purchase.  Related Video:

Bathurst 12-hour gallery is GT3 heaven [w/video]

The 2015 Liqui-Moly Bathurst 12-Hour race was run this weekend at the Mt. Panorama Circuit in Bathurst, Australia. Race photographer Joel Strickland sent us a huge batch of photos, all of which make us salivate for the switch to GT3 rules in the United SportsCar Championship; the top seven finishers at Bathurst were of seven different makes: Nissan GT-R NISMO GT3, Audi R8-LMS Ultra, Aston Martin Vantage GT3, Bentley Continental GT3, Mercedes SLS AMG GT3, Ferrari F458 Italia and Lamborghini Gallardo. It was a sweet victory for the No. 35 car driven by the NISMO Athlete Global Team after it crashed in Saturday qualifying, and then was only in third place on the penultimate lap. The three-man driving team included two GT Academy winners, one of whom, Florian Strauss, has only been a professional race car driver for 18 months. It's the first time the GT-R has won at Panorama since the original R32 "Godzilla" took back-to-back wins in 1991 and 1992. Second place went to the No. 15 Phoenix Racing Audi R8-LMS Ultra, 2.4 seconds behind the winners, third to the Craft Bamboo Racing Aston Martin Vantage not even half a second behind the Audi. The Bentley Motorsport team, in its first Bathurst 12-Hour with two cars, had its No. 10 Continental GT3 in the lead until the penultimate lap and in second place until the final corner, but crossed the line in fourth after some rubbin'-is-racin' action from chasers. And if pictures aren't enough, as of writing you can still watch the live stream of the entire race at the Bathurst 12-Hour site. Or, if you don't have the time, at least be sure to check out the last five minutes, below. Enjoy. Featured Gallery 2015 Liqui-Moly Bathurst 12-Hour View 118 Photos Image Credit: Copyright 2015 Joel Strickland / AOL Motorsports Aston Martin Audi Bentley Nissan Coupe Racing Vehicles Videos aston martin vantage gt3