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Billionaire Lawrence Stroll reportedly seeks major stake in Aston Martin

LONDON — Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported, sending the carmaker's battered share price up nearly 15% on Thursday. The British sports car maker's share price has slumped since its initial public offering in October last year. The shares launched at 19 pounds ($24.50) before dropping for months and languishing at around 5 pounds for weeks as sales have failed to meet expectations. Its major shareholder is Strategic European Investment Group from Italy, which holds about a third of the company. Stroll is the father of Formula One driver Lance Stroll, and is also famed for his car collection, regarded as one of the best collections of Ferraris in the world. Stroll is heading up a consortium looking to take a "major shareholding" in Aston Martin, Autocar said on Thursday. Two weeks ago, Aston unveiled the DBX, its first SUV, and is pinning its hopes on the model's success. Aston Martin declined to comment. Racing Point did not immediately respond to an emailed request for comment. The carmaker's shares were up nearly 15% at 5.79 pounds Thursday.  

Why yes, my $3.6 million would go to a new 007 Aston Martin DB5

Funniest damn thing happened today. Turns out my grandfather invested in what he thought was a fruit company in the early 1980s, and 35 years later, we just discovered the Riswicks are all now multi-millionaires. That farmer Jobs guy really knew his orchard. So, what to do with my $3.6 million share. What's that you say? Aston Martin has announced it will be producing 28 new "continuation" 1964 DB5's, all in Silver Birch, and all packing vintage Q Brand gadgets from Goldfinger? Oh, well all of the money will be going to that, then. Now, Mr. Okulski over at the Road & Track would argue that the continuation James Bond DB5 has "killed nostalgia." He says that "it feels wrong," that Aston Martin is doing too much good stuff at the moment to resort to such nostalgia plays. Especially when you cannot drive the continuation DB5 on the road. That's right, every one of them is not road legal. In this country, or any other that you'd realistically want to drive a DB5. I reached out to Aston Martin to confirm why this is, and indeed, governments the world over frown upon any vehicle that possesses spinning tire shredders that extend out from the wheel hubs. Not to mention oil slicks, rotating number plates and the rest of the gadgets to be installed over the course of the estimated 3,000-hour build by the team headed by current Bond special effect guru Chris Corbould. Hmm, no kidding. Even without the guns and ejector seat, trying to make it road legal would be completely and unrealistically complex. In other words, if a DB5 with all the gadgets is to exist, it can't drive on public roads. And if you want a "new" 1964 DB5, don't you automatically want it in Silver Birch and packed with James Bond gadgets? Yes, you damn well do. I know this, because if I could outfit my BMW Z3 in Atlanta Blue with stinger missiles, a parachute and "all-points radar," I damn well would. I absolutely, 100 percent own my car because of nostalgia for GoldenEye, and I won't apologize for it. The Tina Turner theme song is cued up on the iPod. And yeah, I'd buy one of these, too. Now, I must admit that the DB5's road illegality is lame. But let's dig deeper. First, let's face the fact that most multimillion-dollar collector cars are driven less than the potted plants in my living room. They could all be road illegal and it wouldn't matter. If they're lucky, they're trailered to a golf course somewhere and driven slowly around the 18th fairway by a man in a jaunty hat.

Aston Martin's electric Lagonda lineup to open with a crossover

At the time of the Geneva Motor Show, Aston Martin announced it would be re-awakening the storied Lagonda brand to manufacture zero-emission luxury cars. The timeline for these was cast to 2023 at first, but now information has come to light that Lagonda would start selling cars two years earlier, with — you guessed it — an SUV. AutoExpress is reporting that the first model for Lagonda will be a full-electric SUV, which would share some of its technology with the Aston Martin DBX, which might gain the name Varekai when it hits production. Talking to AutoExpress, company CEO Andy Palmer divided the future plans in two: "if it's an Aston, it's probably got a gasoline engine and it's probably got a V-configuration. It might or might not have a hybrid attached to it. But if it's a Lagonda, it's 100 percent electric." Palmer says Lagonda could be able to sell cars via a separate network in the U.K., but that globally the cars would have to co-exist in Aston Martin brand centers. Palmer wouldn't confirm whether the 2021 Lagonda SUV would also be made in the same St. Athan factory as the DBX. The Lagonda sedan was previewed by the swoopy Vision Concept, which Palmer says is "a design study" that focuses on core elements of the Lagonda. Palmer says two key aspects of the concept might not yet be production-ready by 2021: the solid state battery and Level 4 autonomy. The production car should have a realistic range of more than 400 miles, and it should be able to whisk customers away as effortlessly as a chauffeur-driven sedan. View 14 Photos Related Video: