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Aston Martin confirms Mercedes-AMG boss Moers to replace CEO Palmer

Aston Martin confirmed on Tuesday that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer, who stepped down on Monday. The Financial Times newspaper reported over the weekend that Palmer would step down, before he had been informed. A source familiar with the situation had also confirmed to Reuters the planned move. "The board has determined that now is the time for new leadership to deliver our plans," Lawrence Stroll, Aston Martin Lagonda's Executive Chairman said. The company said Moers, who will be based at its headquarters in Warwickshire, had built a reputation for transforming businesses in tough environments during his 25 years in senior roles at Daimler. Germany's Daimler AG owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines. "Under Tobias’ leadership, Mercedes-AMG has more than doubled its product portfolio and quadrupled the number of AMG units sold, with a clear pipeline of further expansion opportunities, especially in electrification of powertrains in the performance segment," Aston Martin said in a statement. "TobiasÂ’ focus on operating and manufacturing efficiency has delivered significant margin expansion. This strong financial performance was supported by the introduction of a clear brand management strategy, which delivered a measurable increase in brand value and awareness." Aston Martin has seen its share price plummet since floating in October 2018. The 107-year old British luxury carmaker earlier this month posted a deep first-quarter loss after sales dropped by almost a third due to the impact of the novel coronavirus outbreak. "All of my and TobiasÂ’ energy will be dedicated to building on the CompanyÂ’s inherent strengths, its brand, its engineering prowess, and the skills of its people to enable Aston Martin to become one of the pre-eminent luxury car brands in the world," Stroll said. Related video:

Aston Martin confirms DP-100 for Gran Turismo 6 and Goodwood debut

Gran Turismo 6 is set to come to life this weekend at the Goodwood Festival of Speed. That's where Mercedes-AMG will run its Vision Gran Turismo and Nissan will show a full-size mockup of its Concept 2020 Vision Gran Turismo. Now Aston Martin has announced it's getting in on the action as well with its Design Prototype 100. Aston has released a video two teaser images to give us a hint at what it's working on, but will reveal the finished product in the Supercar Paddock at Goodwood tomorrow, although we don't know if that will be in the form of a scale model, a full-size show car, a series of design sketches or a virtual rendition existing only in the game. From the look of the two images, though, it appears that we're dealing with an LMP-style racer with Aston's ubiquitous V12 mounted in the middle of a carbon-fiber chassis. What we do know for certain is that, when it's released for download next month, it will be the latest (but certainly not the last) in a long line of concepts designed specifically for driving on the PlayStation 3.

Aston Martin and Zagato will offer $7.9M limited edition sold only in pairs

Aston Martin and Zagato are planning to collaborate for a limited production run of a couple of incredible cars it's calling the DBZ Centenary Collection. There will be 19 DB4 GT Zagato Continuation cars and 19 DBS GT Zagatos made. These cars are only to be sold as pairs, meaning you get one DB4 and one DBS (based on the 2019 DBS Superleggera) when you buy. So why are Aston and Zagato doing this? Well, Zagato reaches its 100th anniversary in 2019, so a celebration is clearly in order. Aston Martin and Zagato have quite the storied recent and not-so-recent past. You might remember that Aston unleashed 25 DB4 GT Continuation cars sans Zagato earlier this year. The idea is the same here, but Zagato gets included on this project. Back in 1960, Aston Martin and Zagato had planned to make a 25-car run of Zagato-bodied DB4s. When demand wasn't high enough, it was cut off at 19, which explains why it's making 19 cars today as well. Aston and Zagato created those DB4s to race against others like Ferrari in the '60s, and the Continuation DB4 Zagato will be sold as a race car as well. Set to be built at Aston Martin Works in Newport Pagnell, England, the goal is to make the new car resemble the old as accurately as possible. At the same time, Aston is benefiting from modern engineering to make the car even better looking. So while it still uses a tubular frame and thin-gauge aluminum body panels, Aston also uses digital scanning technology to ensure the bodywork is absolutely perfect in fitment and consistency. Looking at the mechanical side of things, we've got an inline-six engine that makes 380 horsepower hooked up to a four-speed manual transmission and a limited-slip differential. That's significantly more power than the 331 hp DB4 Continuation that Aston made before. The commitment to looking and feeling the part is there, but we really wonder how the driving experience differs from that of a Zagato from the '60s. That's only the first half of the pair. Wealthy owners will also receive a DBS GT Zagato. It's unclear exactly what that car will look like just yet, because Aston has only provided us with what looks like a rough design sketch. It says we'll see a fresh take on the "double-bubble" roof, new grille and a truncated tail to differentiate it from the run-of-the-mill DBS Superleggera. As a reminder, the DBS Superleggera has a 5.2-liter turbocharged V12 that makes 715 horsepower and 664 pound-feet of torque.