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Prince Charles visits Aston Martin with his Aston, helps build a DBX, draws tabloid ire

A very British thing happened this week: Prince Charles visited Aston Martin's new factory in St. Athen, driving there in his own Aston Martin. He took his DB6 that over a decade ago was converted to run on waste wine (yes, really) and was used in William and Kate's wedding. His visit included touring the new factory that will build the 2020 Aston Martin DBX, as well as talking with Aston's apprentices. A plaque was placed to commemorate the visit. Aston also let him put the finishing touch on a DBX, placing the front badge. The bad news is, no one will be able to say their DBX was partly made by royalty, as the car Prince Charles finished was a pre-production model. The good news is that customer DBXs will have their badges applied professionally, and while Prince Charles' badge placement skills may be fine, we trust the pros to ensure secure and aligned fitment. Maybe we shouldn't pile on, after all, Prince Charles attracted the ire of a British publication called Express. The tabloid secured footage of Charles pulling up to the factory in the DB6, and proceeded to deride a lack of turn signal and clipping the center line while making the turn. Of course if you watch the video yourself, you'll see that, yes, he did fail to signal, but otherwise his turn seemed entirely boring and inoffensive. We at Autoblog see vastly worse driving on a daily basis, so we think the tabloids ought to cut Charles a break on that turn.

Aston Martin spars with WEC over Valkyrie's exit from racing

Confirming an earlier rumor, Aston Martin announced it has stopped developing the track-going version of the Valkyrie it planned to enter in the World Endurance Championship's (WEC) new Hypercar category. It blamed its decision on a recent change in the regulations, but the sanctioning body responded that's not the full story. The British company explained it's unhappy with the WEC's decision to harmonize the Hypercar class with the LMDh category and the WeatherTech Sportscar Championship during the early 2020s. Without providing additional details, it declared the Valkyrie will not make its racing debut at the Silverstone track in August 2020 and it will not challenge Glickenhaus, Toyota, Peugeot and others in the 2021 edition of the 24 Hours of Le Mans. It added it's considering canceling the program altogether, meaning the Valkyrie would never race. Aston Martin isn't quitting racing; far from it. It will continue to enter the Vantage GTE in WEC events around the world, and the Racing Point Formula One team will be rebranded Aston Martin after the 2020 season. The sudden and unexpected entry into Formula One led by investor Lawrence Stroll may have played a role in convincing executives to cancel the Hypercar program. Racing is expensive, and Aston isn't doing well. The Federation Internationale de l'Automobile (FIA) that regulates the WEC doused cold water on Aston's explanation. It opined the harmonization doesn't impact the category, and it pledged to prove this claim when it releases additional technical specifications in March 2020. It instead blamed the decision to withdraw the Valkyrie from racing on the highly-publicized financial issues that have plagued Aston since 2019. "The decision announced by Aston Martin is very regrettable but perhaps not unexpected in light of the persistent rumors over the last six months concerning the fragility of the brand's exposure in the rapidly-evolving automotive market," it wrote. As of writing, executives haven't responded to these allegations. Aston Martin and the FIA both noted they're open to working with each other to find a solution, but the carmaker's statement is highly ambiguous. It affirms Aston's future presence in the racing world will be "defined by its activities at the highest level of both single-seater competition and endurance GT racing" and glaringly leaves the Hypercar category behind. To us, it sounds like the program has already been consigned to the attic.

Aston Martin is building eight Valkyrie prototypes, here's the first trio

Aston Martin and Red Bull Racing are still developing the high-performance Valkyrie supercar, and recently, Formula One drivers Max Verstappen and Alex Albon were given the opportunity to test out the prototypes. Verstappen and Albon were given the reins to verification prototype 1 (VP-1), while never-before-seen VP-2 and VP-3 lapped Silverstone at the hands of Aston Martin test driver Chris Goodwin and Aston Martin Racing World Endurance Championship drivers Darren Turner and Alex Lynn.  After publicly unveiling VP-1 at the 2019 British Grand Prix, Aston Martin recently brought two new verification prototypes into the fold. Aston Martin has been using the Silverstone circuit near Northampton, England, for its testing process, and it seems that will continue for the rest of the verification prototypes. In total, Aston Martin will build eight.   Aston Martin collects data and observations not only from its own test drivers and engineers but from its professional drivers too. For Albon, it was his first time seeing the car in person. In a press release, Albon offered some details about how the car will position itself to its customers.  "Obviously there’s still some development to do, but already it feels very good, especially the balance between the corners," he said. "ItÂ’s light; it feels sharp. Sure, compared to an F1 car, youÂ’re missing the outright downforce, but you still feel the Gs in the corners and it definitely reacts closer to an F1 car than a normal road car."  Aston Martin plans to have the Valkyrie tuned and ready for customers in the coming months, but don't expect deliveries to begin until the second half of the year. In related news, Road & Track cites a Racer report that says Aston Martin will pull back from its intentions to race the Valkyrie in the 2020–2021 World Endurance Championship and Le Mans. The report, which says a formal announcement is coming February 19, comes shortly after news that Aston Martin received an investment from Canadian billionaire Lawrence Stroll. 

Aston Martin Vantage Roadster goes fast, and so does its roof

Two years after the hardtop Aston Martin Vantage redefined the Vantage nameplate yet again, the coupe has dropped its top. Below the shoulder the Vantage Roadster holds true to nearly everything that compelled us to label the coupe "a significant milestone." Above the shoulder, a fabric top envelops an "ultra-compact" Z-frame that drops in 6.7 seconds and unfurls in 6.8. The carmaker says it's the fastest fully electronic mechanism out there, and operates at speeds of up to 31 miles per hour. Thanks to the frame's compact design, the car's lines don't differ much from the hardtop. Nor do the performance specs: The convertible gains 132 pounds over the fixed-roof, needs 3.5 seconds to hit 60 mph instead of 3.5, and maxes out at 190 mph, five miles per hour less than the coupe. Losing the rear hatch takes a bit out of luggage space, though, which declines from 12.4 cubic feet to seven. Aston Martin says the cubby will still swallow a full-sized golf bag and related paraphernalia. The Mercedes-AMG-sourced 4.0-liter twin-turbo V8 delivers the full 503 horsepower and 505 pound-feet of torque. Engineers tuned the suspension, differential, driving aids, and driving modes specifically for the convertible. The carmaker has made its seven-speed manual transmission newly available on the coupe this year — it was offered previously only on the Vantage AMR — but the droptop is barred from the row-your-own party. The Vantage Roadster sticks with the ZF eight-speed automatic. Convertible buyers can avail themselves of other additional kit introduced this year to celebrate 70 years of the Vantage name, said first applied to a more powerful version of the 1951 DB2 called the DB2 Vantage. The potential extras include Aston Martin's historic vane grille as well as new wheel designs. Deliveries begin in Europe during Q2, U.S. shoppers can expect summer delivery. Pricing starts at $161,000, an $8,000 premium over the coupe. Related Video:    

Aston Martin's lifeline buys carmaker time as SUV hits road

Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. Stroll agreed to buy up to 20% of the 107-year-old company and will become executive chairman of James Bond's automaker of choice, which has gone bankrupt seven times in its checkered history. A consortium led by Stroll will invest 182 million pounds($239 million), whilst major existing shareholders - primarily Italian and Kuwaiti private equity groups - will be part of a rights issue to raise 318 million pounds. "It likely gives them enough liquidity to tide them over for a couple of years," said Charles Coldicott, Redburn equity research analyst. Outgoing chairwoman Penny Hughes, who will be replaced by Stroll, spelt out the degree of trouble the firm has been in after core sales fell last year. "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," she said. "Without this the balance sheet is not robust enough to support the operations of the group." Now Aston will need to turn the financial lifeline into part of a sustainable plan as it delays investment in electric vehicles and cuts its operating costs. A key future milestone includes around 1 billion pounds worth of debt due to mature in 2022. The company also suffers from lower gross margins than rival Ferrari, according to analysts at Jefferies, who have said scaling up is just as important as extra capital. Key to the company's success is its first foray into the lucrative SUV market, a late entrant compared to many rivals such as Volkswagen-owned Bentley and BMW's Rolls-Royce. Aston has built a new factory in Wales to make the model, known as the DBX, which it hopes will attract more women to the brand and some buyers to purchase both it and a vehicle from its traditional line-up. With the DBX model not due to roll off the production line until the second quarter of this year, the firm has taken the cost with only some of the benefit so far. Based in central England, Aston said earlier this month that it already had around 1,800 orders for the car which will retail for 158,000 pounds in Britain, a "materially better" rate than for any previous models.

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.

U.S. issues new tariff threat, this time against British-built cars

WASHINGTON — Britain is the United States' closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain's exit from the European Union. U.S. Treasury Secretary Steven Mnuchin said on Saturday in London that he was optimistic that a bilateral deal with Britain could be reached as soon as this year. But Mnuchin gave up no ground after a second meeting with his UK counterpart, Sajid Javid. Javid has insisted that Britain will proceed with a unilateral digital services tax, despite a U.S. threat to levy retaliatory tariffs on British-made autos. Mnuchin told reporters after Saturday's meeting that such taxes would discriminate against big U.S. tech companies like Alphabet Inc's Google, Apple, Facebook and Amazon. The UK Treasury declined to comment on the private meeting. The divide highlights the challenges ahead as the Trump administration seeks a new bilateral agreement with Britain, part of a broader push to rebalance relations with nearly all its major trading partners. The stakes are high — British Prime Minister Boris Johnson has pegged the trade deal with United States as a way to ease the pain of breaking with Europe, Britain's largest trade partner. U.S. President Donald Trump, has promised a "massive" trade deal to support Brexit, the product of a populist movement similar to his "America First" agenda. The goodwill and special relationship the two countries have enjoyed for decades may not count for much, experts say. "Trump is not going to be doing Johnson any favors," said Amanda Sloat, a senior fellow with the Brookings Institution in Washington. "He's not going to give him a trade deal without major concessions." Even before the digital tax issue arose, the Trump administration threatened to tax foreign car imports, which could hit British-made Jaguar, Land Rover, Mini, and Honda Civic hatchback cars. Stiff U.S. trade demands include increased access for U.S. farm goods, concessions that will be difficult for Britain's entrenched natural food culture to swallow. The United States also wants Britain to change the way its National Health Service prices drugs and allow in more U.S. pharmaceuticals, which could prove politically unpopular for Johnson's government. Washington's demand that London block Chinese telecoms equipment maker Huawei Technologies Co Ltd for national security reasons could also cloud talks.

You can buy this gorgeous one-off Aston Martin Jet 2 Bertone shooting brake

It was the last project built by Italian coachbuilder Bertone before it went bust, a one-off project designed and commissioned by the man who drove a 1954 Aston Martin DB2/4 around the world in 80 days, and now's your chance to buy it alongside the full-size clay model and fiberglass mold that preceded it. We’re talking about the Aston Martin Bertone Jet 2+2, a wagonized Rapide that we last saw at the Geneva Motor Show back in 2013. It was built in homage both to AstonÂ’s centenary and to mark six decades of cooperation between the automaker and the Italian design house. At the time, the identity of the client who commissioned it was kept secret. ItÂ’s being offered for sale by Barry Weir, the British motoring enthusiast famous for his four-continent, 22-country, 34,000-mile world rally record, set in 2000. He designed the shooting brake based on the Rapide saloon, added a rear hatch, full-length tinted glass roof and sliding rear floor, and got it approved by Aston, which reportedly intended to put the car into production after Bertone built 10 of them. But that never happened, as Bertone folded operations after this project. View 10 Photos Nevertheless, Weir says he found the fiberglass molds and clay model used to build the car earlier this year on auction in Italy while browsing the web. He managed to negotiate their removal from the auction and bring them back to the U.K., and heÂ’s even offering to sell the tooling set separately. “IÂ’m minded to sell the complete package, and the buyer can choose what they wish to do with it,” Weir says. “They could reproduce the moulds and model or, alternatively, have it as a one-off production car which is registered as Aston Martin Jet 2; which is a new model.” The finished product is said to share 70% of its DNA with the Rapide, including the stock 6.0-liter V12, offering 476 horsepower, and the same wheelbase and a nearly identical curb weight to the donor car. Inside, it features a 2+2 setup with four individual seats, the two in back foldable at the press of a button to make for hauling stuff, and Bertone gave the interior some wood, glazed aluminum and two-color leather trim, per request of Weir, whose name is etched on a plaque inside the cabin. The total design and build took around 3 1/2 months. Related Video:    

2020 Aston Martin DBX Prototype Drive | Sliding into your mentions

OMAN, Persian Gulf — The last time I got an Aston Martin this filthy was 5 years ago in dusty Anza-Borrego, California, where I ripped several illicit burnouts in a low-slung V12 Vantage S. This time around is dramatically different: Chief Engineer Matt Becker, seated alongside me, is actually egging me on to powerslide an Aston Martin DBX across an off-road trail in Oman — the first time IÂ’ve ever been encouraged by Aston brass to hoon one of their vehicles, let alone a priceless prototype, in the dirt. You wouldnÂ’t expect Becker, who spent 26 years at Lotus, to be an SUV guy. But the hardcore chassis and handling guru says the DBX project gave him a new respect for the genre because sport utes need to do far more than just go around a track quickly: TheyÂ’re required to tow, support weight on their roofs, and manage all manner of terrain, all while creating a comfortable living space for their passengers. “Once you push them and understand what they can do off-road, on-road, on-track,” he tells me while IÂ’m tackling a rock-strewn trail at highway speeds, “you really start to respect what theyÂ’re capable of.” Building the DBX will also show us what Aston Martin is capable of — capable of surviving, that is. The new decade is shaping up to be the most challenging yet for the storied carmaker, so bringing a viable sport utility vehicle to market is essential. And though weathering severe business headwinds seems to be an ongoing pastime for Aston Martin, the brandÂ’s first-ever crossover gets a rather ambitious hardware package. The DBXÂ’s bonded aluminum chassis is entirely unique to the model, as is the brandÂ’s first-ever air suspension system. While thereÂ’s no V12 available in the DBX — that honor remains reserved for Rolls-Royce's almighty $325,000 Cullinan — the AMG-sourced, 4.0-liter twin turbo V8, while similar to the mill found in the DB11 and Vantage, has also been coaxed to produce more power: 542 horsepower and 516 pound-feet of torque, capable of launching it to 60 miles per hour in 4.3 seconds and a top speed of 181 mph. But building AstonÂ’s first-ever SUV from the ground up enabled unique packaging opportunities in addition to the specific hardware. For instance, market research revealed female drivers were often frustrated because most cars donÂ’t have a place to stash their purse.

Geely in talks to take a stake in Aston Martin

China’s Geely Automobile Holding held talks with Aston Martin management and investors as it considers investing into the British luxury carmaker, the Financial Times reported on Friday. Geely is conducting due diligence as it looks at taking a stake in the 107-year-old UK firm, which warned earlier this week its 2019 profits would by cut nearly in half due to weak European markets. Another report out today said that Aston had canceled its RapidE electric car because of its financial situation. Geely owns controlling stake in another British car company, Lotus, and also the London EV Company, which makes London cabs. It also owns Volvo and a nearly 10% stake in Daimler. Aston Martin was not immediately available for comment. Geely did not immediately respond to a request for comment.  Related Video:     Earnings/Financials Green Aston Martin Geely