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Aston Martin will call the AM-RB 003 the Valhalla

Aston Martin has announced the proper name of its upcoming "AM-RB 003" hypercar: It will be called the Valhalla. The name continues the tradition of Aston Martin model names beginning with the letter V, and it ties neatly into Norse mythology. As Aston Martin CEO Andy Palmer said: "In following the Valkyrie, we knew the Aston Martin Valhalla needed to make a strong statement of its own, yet also offer continuity and a clear connection. Norse mythology contains such powerful language and rich storytelling, it felt only right that the AM-RB 003 should follow the Valkyrie's theme." Witness, then, the available specs of the Valkyrie's upcoming relative. There will be a 500-car production run, and the Valhalla will feature a turbocharged V6 with a hybrid system. The car is all carbon fiber, and it will have an advanced, Vulcan-style sealed oil system that enables quick changes and reuse of the engine oil. The variable airfoil on the rear wing benefits from NASA-level FlexFoil technology, with the ability to adjust the car's downforce without changing the airfoil's angle. No power figures or more specific information has yet been announced. Valhalla production is slated to begin in late 2021. Regarding the Valkyrie, Aston Martin has announced it will race at the 24 Hours of Le Mans in 2021. The year coincides with the 100th anniversary of Aston Martin first racing at the Circuit de la Sarthe.

Aston Martin likely to resurrect Vanquish name for Ferrari fighter

Aston Martin recently hosted press drives for the new DBS Superleggera in Germany. On the sidelines, Motoring spoke to the carmaker's chief creative officer, Marek Reichman. Answering the question of whether the coming mid-engined rival to the Ferrari 488, Lamborghini Huracan, and McLaren 720 S could revive a very important name for the brand, Reichman responded, "Without saying yes, that sounds like a plausible solution for a beautiful name like Vanquish." The Vanquish named first appeared from 2001 to 2007, returning from 2012 until retiring again this year on the Vanquish S (pictured). Although it's historically been used on the most powerful vehicles in Aston Martin's range, and both of them V12s, the latest flagship switched to two erstwhile monikers in combining DBS and Supeleggera. Reichman said the switcheroo "better reflected [the DBS% positioning than Vanquish." The future V-named coupe will be out to conquer every vehicle in the segment, not just in the family line-up. Still light on details at the moment, we expect the Mercedes-AMG-sourced 4.0-liter twin-turbo V8 behind the seats, boosted by an electric motor. Reichman didn't shoot down the possibility of using an electric motor for e-AWD capability and all-electric driving. That motivation will power a body expected to go heavy on carbon fiber, active aerodynamics, and the wind-cheating prowess gained from partner Red Bull Racing and aerodynamicist Adrian Newey. After iterating through 12 scale models and three full-sized mock-ups so far, the creative honcho said the final car will "be the most beautiful mid-engined car on the road." The coming Vanquish will be car number five of Aston Martin's Second Century plan, aiming to deliver seven cars in seven years. The Aston Martin SUV will be the fourth when it enters production late next year, after the DB11, Vantage, and DBS Superleggera. The mid-engined screamer follows in 2020. Related Video:

Check out King Charles III's $17.6 million car collection

King Charles III's coronation will take place in England on May 6, and being crowned a monarch comes with a long list of perks with four wheels. He will gain full access to the Royal Family's fleet of cars, which is valued at about GBP14 million (approximately $17.6 million). The two most expensive cars in the collection are nearly identical: they're a pair of Bentley State Limousine models (pictured) built for Queen Elizabeth II, King Charles III's mother, in 2002. Only two units were made, and they're both part of the Royal Family's fleet, so they're difficult to put a value on; it's not like one is going to end up listed on your favorite auction site anytime soon. British company Nationwide Vehicle Contracts, which compiled the list, estimates that each armored, 245-inch long sedan is worth at least GBP10,000,000 (roughly $12.6 million). Dropping below the eight-digit threshold, the second-most-valuable car in the Royal Family's fleet isn't really a car. It's the Gold State Coach, which Matchbox recently released a 1/64-scale replica of, and its value is estimated at GBP1.6 million (about $2 million). At 275 inches long it's even bigger than the Bentley limousine and it weighs about 9,000 pounds. It's 261 years old and designed to be pulled by eight horses, and has been part of every coronation since 1831. The rest of the Royal Family's vehicles are relatively mundane. There's a 1965 Aston Martin DB6 Volante that Queen Elizabeth II and her husband, Prince Phillip, bought for King Charles III on his 21st birthday. It's worth GBP1 million (about $1.2 million). The collection also includes a Rolls-Royce Phantom VI (about $627,000), a Bentley Bentayga (about $201,000), a Land Rover Range Rover long-wheelbase Landaulet ($133,000), a Jaguar XE (about $41,000), and a Land Rover Defender ($38,000). "Luxury cars have long been associated with the monarch and King Charles III, in particular, is known for his fondness of motor vehicles. His impressive collection features sentimental value with motors passed down from his late mother, Queen Elizabeth II, to cars bought for him by his parents," explained Keith Hawes, the director of Nationwide Vehicle Contracts, in an interview with CBS News. Being at the head of a car-making nation's royal family also comes with drawbacks: Every vehicle in King Charles III's fleet is British.