2006 Aston Martin V8 Vantage on 2040-cars

Auto blog

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.

Aston Martin DB11 AMR gets more power and carbon fiber

Aston Martin has pulled the wraps off the DB11 AMR, and the fact that it's just what we expected it'd be shouldn't diminish the impact of this ultimate (for now) DB11. But, if you're not down with AMR, a quick backgrounder for you: Early last year, Aston launched the Vantage AMR Pro and the Rapide AMR, the first salvos in a full broadside of AMR models that will encompass the entire range. There are two AMR subdivisions — AMR is handled by Aston's main design and engineering teams, while the Pros are handled by the Advanced Operations department. History aside, the DB11 sports a 30 horsepower bump, up to 630 horsepower. Previous AMR models made power bumps with new exhaust systems, and given the DB11 AMR's exhaust revisions, we wouldn't be surprised if some of the power increase came from the exhaust side of things. More to the point, the twin-turbocharged 5.2-liter V12 now scoots the DB11 AMR to 60 mph in just 3.5 seconds, and top speed is increased to 208 MPH. Unspecified suspension and chassis changes are claimed to deliver "a greater sense of connection without harming the supple ride," Aston claims, and we've no reason to doubt it. A new transmission calibration rounds out the dynamic changes. On the visual side of things, there's much more exposed carbon fiber and a smattering of gloss black detailing, smoked tail lamps, and dark, monotone leather/Alcantara draped throughout the interior. It's darker, a bit harder-edged, and sportier, but very much in the vein of Aston's careful balancing act between conveying athleticism visually while maintaining a degree of traditional British comfort and decadence. The eye-popping, dayglo accents on some color combinations seem more Nike shoe than grand tourer, but that's AMR's thing. The U.S. MSRP will be $241,000, and the cars will be delivered to owners in summer 2018. The extremely limited edition Designer Specification cars, offered in Stirling Green with lime accents, will be limited to 100 units globally and are $29,000 more. If you want one of those, you should probably get on the horn with your Aston dealer right now. Related Video:

2020 Aston Martin DBX horsepower revealed — and here's how it sounds

We've seen the upcoming 2020 Aston Martin DBX crossover a number of times in camouflage, but now we're finally getting real details about it. Specifically, the company announced that it will make 542 horsepower and 516 pound-feet of torque from its AMG-sourced twin-turbo 4.0-liter V8. It's the most powerful version of the engine used in an Aston, with 39 more ponies than the Vantage and DB11, and 3 more pound-feet than the next torque-iest DB11. Aston Martin had a few more interesting, if not yet official numbers to share. The company revealed that in testing at the Nurburgring, the DBX has been setting lap times under eight minutes. That means it could eclipse the 7-minute, 49-second record time set by the Mercedes-AMG GLC 63 S. That Mercedes uses the same twin-turbo 4.0-liter V8 as the Aston with the same amount of torque, but at 503 horsepower, it's down on power. Besides rough 'Ring times, Aston also noted that the DBX can go over 180 mph, though final top speed and acceleration numbers haven't been set yet. Besides the new numbers, Aston Martin also released an audio clip of the V8. It sounds very deep, but not especially loud. It's a smooth and polished sound, too. You can check it out in the video above. And stay tuned for further details when the DBX is fully revealed in December.