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Aston Martin's biggest investor considers increasing its stake

LONDON — The biggest investor in Aston Martin is considering buying another 3% stake, offering to increase its holding after shares in the luxury carmaker crashed almost 50% since its listing nine months ago. Strategic European Investment Group, part of the Italian private equity group Investindustrial, owns 31% of Aston Martin. It only wants to buy a maximum 3% stake but has to make an offer to all shareholders due to its already large holding. It has secured agreements from existing shareholders such as a group of Kuwait-based investors to back the move. It is offering to pay 10 pounds per share, the price at which the shares closed on Friday. It must make a decision by July 29. Aston Martin has struggled since it listed in October last year. Its shares fell on the opening day and are now down 47 percent. The company's recent results have been hit by a need to invest more in its manufacturing plants and expand its vehicle offering, leading to higher costs.  Related Video:

2019 Aston Martin V8 Vantage First Drive Review | A sportier bark and bite

Aston Martin's 21st century renaissance kickstarted with the DB11, a high-dollar grand tourer that upped the outgoing DB9's dynamic envelope while keeping one foot firmly planted in the brand's aesthetically elevated roots. The sequel to Aston's bid for relevancy is the V8 Vantage, a more agile and track-focused two-seater, perennially the company's best-seller that guns for the heavyweight in the segment, the Porsche 911. With a completely updated design language and laser-like focus on performance, the 2019 Aston Martin V8 Vantage is arguably the most important modern car to come out of Gaydon in... well, forever. Forget everything you know about the late, great V8 Vantage (and its sublime V12 counterpart). The 2019 model is a completely re-imagined beast, built from the ground up with around a turbocharged engine from an unexpected source. The old Vantage V8's naturally aspirated V8 is gone, and in its place is a Mercedes-AMG-sourced twin-turbo 4-liter V8 producing 503 horsepower and 505 lb-ft of torque (up from the old 4.7-liter mills' 430 hp and 361 lb-ft). The new donor powerplant receives a re-tuned intake and exhaust to give off a slightly different aural impression that's slightly raspier than the thumpy AMG. Unlike its AMG counterpart, the Aston version adopts a wet-sump oiling system, with the benefits of sitting lower to the ground and improved fuel economy due to the system's slightly reduced parasitic losses. Senior Vehicle Engineering Manager Craig Jamieson says that his team's learnings developing the wet sump system in the V12 Vantage enabled them to fine tune this setup for track duty. The engine mates to the ubiquitous ZF 8-speed automatic gearbox, which comes equipped here with stationary paddle shifters. Power is routed through Aston's first use of an electronic differential at the rear transaxle, which helps achieve a balanced 50/50 weight distribution. Seventy percent of the bonded aluminum chassis, which is derived from the DB11's, is unique to Vantage. Its dry curb weight is 3,373 pounds (a more standard wet curb weight wasn't available at press time), and it'll sprint to 60 mph in a claimed 3.5 seconds on its way to a top speed of 195 mph. Though much of the Vantage's design direction comes from the obvious decision to depart from the brand's bygone era, a few choices were informed by function – most controversially, those squinty LED headlamps which some detractors have slammed as being "Mazda-like".

Aston Martin names new regional chief for the Americas

Aston Martin has named a new president for the Americas region. Starting October 26, the role will fall to Laura Schwab, who joins Aston from rival Jaguar Land Rover. The Louisville, KY native is a graduate of the law school at the University of Kentucky. She worked in the technology sector in Southern California before embarking on a career in the automotive industry, working for JLR in a variety of marketing and communications posts. She has served for the past year and a half as JLR's marketing director, having previously worked in Land Rover's North American office in a variety of capacities. In her new job, Schwab will be responsible for all of Aston Martin's activities in the Americas, including the United States, Canada, Mexico, and South America. She'll be working out of the company's regional headquarters in Irvine, CA, reporting to directly global sales director Christian Marti. Pictured above is the DB10 created for the latest James Bond movie, on display in Monterey this summer. "Laura is an excellent addition to the Aston Martin team. Throughout her career in the automotive business, Laura has demonstrated an ability to implement marketing and retail programs to drive growth," said Aston Martin CEO Andy Palmer in the statement below. "As we embark upon delivery of our six-year 'Second Century Plan' the Americas region offers a considerable opportunity and I look forward to Laura applying her skills to help us grow awareness of the Aston Martin brand in this region." Related Video: ASTON MARTIN APPOINTS LAURA SCHWAB AS NEW AMERICAS REGIONAL PRESIDENT 2 October 2015, Gaydon: Aston Martin is pleased to announce the appointment of Laura Schwab as President for Aston Martin The Americas, reporting to Global Sales Director Christian Marti, effective 26 October. Laura joins Aston Martin from Jaguar Land Rover where she worked most recently as Marketing Director, leading marketing communications, experiential events, sponsorships, product marketing, customer engagement and corporate social responsibility. Based at the company's regional headquarters in Irvine, California, Laura's role as Regional President embraces sales and service, public relations, brand marketing and communications to both Aston Martin's customers and 46 dealers in the region, spanning the United States, Canada, Mexico and South America.