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Fernando Alonso to join Aston Martin F1 team next season

LONDON — Two-time world champion Fernando Alonso will extend his Formula One career by joining Aston Martin next season. The 41-year-old Spaniard will replace Sebastian Vettel, who announced his retirement last week. AlonsoÂ’s contract with Alpine was ending this season. Aston Martin said Monday that it signed Alonso to a multi-year deal. “No one in Formula One today is demonstrating a greater vision and absolute commitment to winning, and that makes it a really exciting opportunity for me,” Alonso said of Aston Martin. “I still have the hunger and ambition to fight to be at the front, and I want to be part of an organization that is committed to learn, develop and succeed.” Alonso will be going into his 20th season in F1. He won his titles with Renault in 2005 and 2006. He took two years off in 2019 and 2020 to race in other series, including runs at the Indy 500. “I have witnessed the excitement in the engineering team and throughout the whole organization at the opportunity to work with Fernando,” Aston Martin team principal Mike Krack said. “We know that nearly everyone can learn from someone of FernandoÂ’s calibre and experience. We are confident that he will inspire everyone to lift their game.” Aston Martin, whose other driver is Lance Stroll, son of owner Lawrence Stroll, is only ninth in the 10-team constructorsÂ’ standings this season. Alonso said he knows Lance and Lawrence well and they share the same “ambition and passion to succeed” in F1. “We all appreciate that there is much to be done to get to the front, and that we must apply all our energies in working together to find performance,” Alonso said. “The passion and desire to perform that I have witnessed convince me to maintain my enjoyment and commitment to the sport. I intend to win again in this sport and therefore I have to take the opportunities that feel right to me.” Alpine has been improving in recent seasons and sits fourth in the constructorsÂ’ race. Alonso is 10th in the 20-driver standings. He joined Alpine in 2021 after his two-year break from the series. Related video: 2023 Aston Martin DBX707 walkaround

2017 Aston Martin DB11 Prototype First Drive

Flashback: Geneva. The 2017 Aston Martin DB11 debuts, its artfully sculpted body signaling a departure from the brand's luscious yet familiar design language. But this time, the car in question is more than just a pretty face. Beneath the gently arced bonnet is the first turbocharged engine in the Aston's 103 year-old history. Gone is the so-called Vertical Horizontal architecture, replaced with a bonded aluminum chassis that's so new that it has yet to be graced with a catchy marketing name. Sumptuous interior? Check. Slick multimedia system? Finally. The quickest, fastest, and most powerful DB to date? Hell yes. With radical changes coming in hot from Gaydon, the DB11 isn't just an all-new car; it's nothing short of golden opportunity to reinvent the brand. There's so much new stuff in this DB9 replacement that the double integer leap in nomenclature seems justified (the DB10 was already taken by a certain spy from Blighty). In the grand scope of the Aston Martin lineup, the DB11 inherits the DB9's role as the archetypal grand touring car—elegant but quick, thirsty for miles. But as our wheel time revealed, it takes some time to comprehend the depth of the DB11 story. When you settle into the $211,995 Aston Martin DB11 there's a lot to take in, especially since our tester is a "verification prototype" that's two stages away from final production. Hence, the data logging equipment and big red fire suppression button. The engine has shrunk from 6.0-liters to 5.2, but now churns out 600 horsepower and a whopping 516 lb-ft of torque at only 1,500 rpm thanks to those turbos. Aston claims 0 to 62 mph in 3.9 seconds and a top speed of 200 mph. The rear double wishbone suspension has been replaced with a multilink setup for greater compliance, and the DB11 also gets Aston's first-ever torque vectoring (via brakes) and electronic power steering system. The prototype car is a visual paradox, with its camouflaged exterior contrasting with the delightfully gaudy baby blue leather interior (made from extra trimmings of hide). In terms of development, the car is about "85 percent there" according to Aston brass. Disclaimer: this car's traction control system is only about 70 percent complete, and the torque-vectoring feature isn't active on this particular car. The big V12 fires up with a full-sounding rush of exhaust, though the tone isn't quite as naughty or shrill as the old naturally aspirated mill.

Canadian billionaire Lawrence Stroll leads $240 million Aston Martin investment

After months of rumors and speculation, Canadian billionaire Lawrence Stroll confirmed he led the purchase of a 16.7% stake in Aston Martin for GBP182 million ($239 million). The investment is part of a GBP500 million ($656 million) round of emergency funding that will help the British automaker overcome serious financial challenges. Yew Tree Overseas Limited, a consortium of international investors led by Stroll, built its stake by buying 45.6 million new ordinary Aston Martin shares on the London Stock Exchange, according to Autocar. Aston Martin raised the remaining GBP318 million ($417 million) by giving existing investors the opportunity to buy more shares, the BBC learned. It's not a full bailout, but it's close. Aston Martin ended 2019 in dire financial straits. Stroll will replace Penny Hughes as Aston Martin's chairman; CEO Andy Palmer is expected to keep his job. Several sources confirmed the Racing Point Formula One team owned by Stroll will be rebranded Aston Martin after the 2020 season, and Autocar reported the company will quickly need to eliminate jobs and slash costs. "The difficult trading performance in 2019 resulted in severe pressure on liquidity, which has left the company with no alternative but to seek substantial additional equity financing. Without this, the balance sheet is not robust enough to support the operations of the group," Hughes admitted in an interview with the BBC. Stroll's' appointment to the Aston Martin board comes as the company prepares to overhaul its product plan. It notably confirmed the rumors claiming it put the battery-powered Rapide project on the back burner until further notice, and it delayed plans to revive the Lagonda nameplate on a series of extra-luxurious electric vehicles until after 2025. The first car was originally scheduled to reach the market in 2022, but the battery technology is expensive to develop, and Aston must save about 10 million pounds (around $13 million) annually. The firm will instead focus on mid-engined sports cars. Still according to Autocar, it will begin delivering the 1,160-horsepower Valkyrie hypercar this year, and it's on track to launch the Valhalla in 2022. The Vanquish will go mid-engined shortly after. Delaying electric cars doesn't mean abandoning electrification, and Aston Martin hopes to release "a fuel-efficient, modular V6 engine with hybrid capabilities" by the middle of the 2020s.