2012 Aston Martin V8 Vantage Roadster on 2040-cars

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Aston Martin Valkyrie does a tantalizing lap of Silverstone

The Aston Martin Valkyrie performed a low-level fly-by at Britain's Silverstone Circuit during the Formula One Grand Prix weekend. The lap marked the first public demonstration of the future paterfamilias of the Aston Martin range, after months of digital modeling and time in the simulator. Aston Martin test driver Chris Goodwin didn't drive the 1,160-horsepower coupe in anger, but he did touch the throttle with some emotion. Regrettably, video of the event lays music over the far more redeeming Cosworth V12 soundtrack, but we do get a taste of what's to come. Thing is, "Top Gear" visited Cosworth in December last year to get some face time with the 6.5-liter V12. Toward the end of the video, Cosworth ran an engine dyno simulation of the V12 going hard through the first sections of Silverstone. Oh, the sound. Oh, the fury. Combine that with the sight of the car cruising the circuit, and know that something wicked this way comes.  If you want to know just how serious the team behind the Valkyrie takes the brief, presenter Jack Rix said Red Bull F1 aerodynamics guru Adrian Newey stopped by the shop to look at the finished product, after two years of development. Newey tapped the lacquered carbon fiber intake manifold cover, then asked Cosworth how much the lacquer weighed. When Cosworth told him "130 grams," Newey looked disappointed. That response turned into offering Valkyrie buyers the option of having the engine's carbon cover with or without lacquer. In American terms, this is much ado over 4.6 ounces, or a McDonald's Royale with Cheese.   With deliveries scheduled to begin in the fourth quarter of this year, Aston Martin has a packed program of validation testing for the car, called Verification Prototype 1. After that come competition entries into the FIA World Endurance Championship (WEC).

Weekly Recap: Marchionne's Manifesto again calls for industry consolidation

Sergio Marchionne isn't taking no for an answer. Despite public rebuffs from General Motors and Ford, the leader of Fiat Chrysler Automobiles continues to push for consolidation within the auto industry. His latest assertion came Wednesday when he said a combination of FCA with another automaker could net savings of $5 billion or more annually. No, this isn't about selling his company, he claimed, it's about cutting costs. Put simply, the auto industry wastes money, Marchionne said during FCA's earnings conference call. Companies invest billions to develop basic components that all cars use, but many consumers don't care how they work or recognize the differences. "About half of this is really relevant in terms of positioning the car in the marketplace," he said. "The other half, in our view, is stuff which is neither visible to the consumer nor is it relevant to the consumer." In 2014, top automakers spent more than $100 million on product development, FCA estimated. Marchionne said consolidation could save up to $1 billion on powertrains alone, noting that almost every automaker offers four- and six-cylinder engines. Not everyone has to make their own, he contended. "The consumer could not give a flying leap whose engines we are using because they are irrelevant to the buying decision." That's pretty provocative for enthusiasts, but less so for average consumers. Still, there are major differences in power and efficiency ratings, even among similar engines. Skeptics could argue consolidation would also weaken competition and reduce choices for car buyers. Marchionne stressed his presentation, curiously entitled Confessions of a Capital Junkie, wouldn't require closing factories or dealerships. It's not his final "big deal" as CEO, intent to sell FCA, or a way to elevate his company up the automotive food chain. He claims he wants to fundamentally change the industry and its habit for burning cash. "The horrible part about this, and the thing that I find most offensive, is that the capital consumption rate is duplicative," he said. "It doesn't deliver real value to the consumer and it is in its purest form, economic waste." Other News & Notes Ford Profits dip in first quarter Ford profits fell $65 million to $924 million in the first quarter, hampered by slight dips in revenue and sales.

Aston Martin's AM-RB 001 hypercar headlines the Canadian Auto Show

We've been hearing about the Aston Martin Red Bull AM-RB 001 for the better part of a year, and Thursday morning Aston revealed the imposing hypercar for the first time at an auto show. Kicking off the Canadian International Auto Show in Toronto, Aston chief executive Andy Palmer called it "the defining hypercar of this decade and a hugely desirable investment for collectors and enthusiasts," according to a statement. The reveal comes the day after Aston highlighted its technical partners for the hypercar, which is being developed in tandem with Red Bull Advanced Technologies. The AM-RB 001's debut comes not far from the base of Canadian motorsports expert and auto supplier Multimatic, which will make the carbon-fiber MonoCell for the hypercar. Aston also said Wednesday that Cosworth will produce the naturally aspirated V12 engine, Rimac will make the battery for the electric motor, and Ricardo will supply the seven-speed gearbox. Aston said the "original full-sized model" of the AM-RB 001 will be on display in Toronto alongside the company's other spotlight car from last year, the DB11. .@astonmartin's Dr. Andy Palmer (@AndyatAston) kicks off Media Day at #CIAS2017 unveiling the #AMRB001. #AstonMartin pic.twitter.com/R2Frr83xc6 — Canadian AutoShow (@autoshowcanada) February 16, 2017 Related Video: