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Mercedes-Benz to boost stake in Aston Martin to 20%, lend it some tech

Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker's largest shareholders, Aston said on Tuesday. Aston Martin, popular for being James Bond's carmaker of choice, has suffered a torrid time since it went public two years ago, with its shares losing two-thirds of their value this year. The 107-year-old firm hired Tobias Moers, former CEO of Mercedes-AMG, as its new boss from August. Aston said the increase in Mercedes-Benz's stake, from 2.6% currently, would take place in several stages as part of a wider issue of 250 million shares at 50 pence each. The stock issued to the German group will have a maximum value of 286 million pounds ($372.7 million), it said. The deal will see an existing supply agreement between the two firms, in place since 2013, expanded to give Aston Martin access to key Mercedes' technology, including hybrid and electric drive systems. "We take another major step forward as our long-term partnership with Mercedes-Benz AG moves to another level, with them becoming one of the company's largest shareholders," said Aston's chairman and biggest shareholder Lawrence Stroll. The German firm will get the right to nominate one non-executive director to Aston Martin's board after its first shareholding increase, the London-listed firm said. Aston, which has started deliveries of its first sport utility vehicle, the DBX, said on Tuesday it swung into an adjusted core loss of 29 million pounds in the third quarter, versus a profit of 43 million pounds last year. Revenue in the period nearly halved to 124 million pounds, it said. Aston Martin is targeting annual capex of 250 million pounds to 300 million pounds per year between 2021 and 2025. It envisages production volumes of about 10,000 units, revenues of about 2 billion pounds and adjusted core profit of 500 million pounds by financial years 2024 or 2025.

Continuation Aston Martin DB4 GTs unleashed at Silverstone track day

The first customers for the Aston Martin DB4 GT continuation cars have now gotten to experience track time in them. Aston arranged a customer track day at Silverstone, with five continuation GTs stretching their legs on the legendary circuit. The continuation cars are a 25-car run built by Newport Pagnell's Aston Martin Works, after the original 1959 recipe. The manufacturer has dedicated a two-year international track driving program for the cars, and the next event after Silverstone will be the Rockingham circuit in the UK on June 21. The third track day will take place in Le Mans on July 27 — more tracks will be announced later. The events have driving trainers to instruct DB4 GT owners about handling their cars the way they are supposed to, or as Aston's press release puts it: "They will help customers master driving techniques from an era when track driving was more art than science." Well put. One of the instructors is Aston Martin Racing driver Darren Turner, three-time Le Mans class winner. If you can't quite swing it to get yourself a real continuation Aston, there's also a more modern opportunity waiting to be seized: a DB5 replica based on — of all things — a Honda S2000. As its dimensions are just a bit off, the car seems to be a cross between The Car and a David Brown Speedback, and it retains the S2000 interior. The asking price is an eye-watering $95,000, which is still a lot less than a continuation DB4 GT. Related Video: Featured Gallery Aston Martin DB4 Continuation Silverstone trackday News Source: Aston Martin Aston Martin Coupe Luxury Performance Classics

Spectre star Daniel Craig suffers minor injury riding in Aston Martin DB10

The Aston Martin DB10 might look amazing. It does not, however, have an abundance of headroom, as James Bond actor Daniel Craig found out. The star of the 24th 007 film, Spectre, Craig was injured while filming a scene inside the DB10. The car was shooting a chase scene in Rome with the film's other four-wheeled star, the Jaguar C-X75, when the stuntman behind the wheel (which happened to be a cage on the coupe's roof) hit one of the ancient city's notorious potholes. Craig bopped his head hard enough to warrant a trip to the on-set medic, The Los Angeles Times reports. According to The Times, the DB10 was being chased by the one-off Jag of film baddie Dave Bautista on Rome's Corso Vittorio Emanuele II. Craig's injuries were deemed minor enough that he made a scheduled trip to London to continue filming. Next time 007, stick to the Fiat. Related Video: