2007 Aston Martin Vantage Coupe Fresh Service Completed on 2040-cars

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Aston Martin investor says demand is 'phenomenal,' returned first in China

LONDON - Carmaker Aston Martin is seeing "phenomenal" demand, boosted by a rebound in China, the company's executive chairman and billionaire investor Lawrence Stroll said on Friday. "Demand right now is phenomenal," he told the Financial Times' "The Future of the Car" digital conference. "China really returned first and strongest, and is gangbusters." Stroll led a consortium which invested in Aston earlier this year as the carmaker struggled following its 2018 stock market flotation, after which its share price slumped. Since then a new chief executive has taken over and the 107-year company, famed for being fictional agent James Bond's car of choice, did a deal in October which sees German carmaker Daimler up its stake in the firm. Shareholders approved the latest capital injection plan on Friday. Stroll said Aston's current growth trajectory meant "the public markets are the right place" for the firm whilst eying an increase in the value of its shares, which stand at 79 pence ($1.06). "They'll be significantly worth more than they are today," he said. Reporting by Costas Pitas, editing by David Milliken and Louise Heavens

Aston Martin and Mercedes will share F1 safety car duties

LONDON — Aston Martin is set to join Mercedes next season as a provider of Formula One's official safety cars, according to media reports on Tuesday. Racefans.net reported that Aston Martin would supply safety and medical cars at 12 of the 23 scheduled races in key markets, with the existing Mercedes cars used at the rest. It said Aston Martin's new DBX SUV, which uses a Mercedes-AMG V8 engine, would be used as a medical car. There was no official confirmation from Aston Martin or Mercedes. Sources indicated to Reuters that the report was accurate, however. Mercedes has been the official provider of the cars, which are deployed in the event of an incident or bad weather to keep the field lapping safely, since 1996 but that deal runs out at the end of this year. A shared supply would make sense for both carmakers, who already have close ties. Aston Martin's executive chairman Lawrence Stroll also owns the Racing Point team, who will race as Aston Martin from next season with four times world champion Sebastian Vettel arriving from Ferrari. Mercedes, a part of Daimler, is set to raise its stake in Aston Martin to up to 20% by 2023. Toto Wolff, principal of the Mercedes factory team, also has a private stake in Aston Martin. Related Video: Motorsports Aston Martin Mercedes-Benz F1

Aston Martin recalling majority of cars built since late 2007 over counterfeit Chinese parts

Back in June 2013, Aston Martin recalled just under 700 vehicles over faulty throttle arms that could break without warning. Bad news, for sure – and things just got a whole lot worse. According to Reuters, the British luxury brand now needs to recall 17,590 vehicles due to counterfeit plastic materials being used by a Chinese sub-supplier – that's roughly 75 percent of the company's output over the same period. Basically, here's how it boils down: with the exception of the Vanquish, Aston Martin will recall all left-hand-drive vehicles built since November 2007, and all right-hand-drive cars built since May 2012. Just as we told you in the recall notice from 2013, the accelerator arms in these cars may fracture, increasing the risk of a crash. Shenzhen Kexiang Mould Tool Co Limited, a Chinese company that molds the accelerator pedal arms in these affected models, was using counterfeit plastics, according to Reuters. These bad plastics were supplied by Synthetic Plastic Raw Material Co Ltd, of Dongguan. An Aston Martin spokesperson tells Reuters that there have been no reports of accidents or injuries in conjunction with this problem.