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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:

Weekly Recap: Ferrari looks to reclaim old success with new manager

Clearly, Ferrari doesn't race for fourth place, and this week, major changes continued at the Scuderia. It was a rough year for Ferrari, and the Scuderia conducted its season-ending tests in Abu Dhabi this week with a view toward a fresh start in 2015 with new leaders and a new ace driver. Though plenty of other Formula One teams were disappointed with their finishes in 2014, Ferrari was perhaps the most eager to put this season in its rear-view mirror. The Scuderia finished a distant fourth in the Constructors standings with 216 points, well behind No. 1 Mercedes (701 points), and Ferrari failed to win a single race as the Silver Arrows dominated the grid. It was an especially bitter pill for a team that claims 16 Constructors championships and 15 Drivers titles – the most in history – and is the only surviving team from F1's first season, 1950. Clearly, Ferrari doesn't race for fourth place, and this week, major changes continued at the Scuderia. Ferrari named Philip Morris executive Maurizio Arrivabene as team principal. He replaced Marco Mattiacci, who held the job for only seven months after taking over for Stefano Domenicali, who resigned in April amid the Scuderia's early-season struggles. Phillip Morris (through its Marlboro brand) is a key Ferrari sponsor, and that played a role in Arrivabene's ascension. Still, he's no stranger to F1, and has been intimately involved in the Ferrari-Marlboro partnership. He also has served as the sponsors' representative on the FIA's F1 Commission since 2010. In a statement, new Ferrari chairman Sergio Marchionne said: "We decided to appoint Maurizio Arrivabene because, at this historic moment in time for the Scuderia and for Formula One, we need a person with a thorough understanding not just of Ferrari, but also of the governance mechanisms and requirements of the sport." Arrivabene's background is primarily in marketing and communication, and most recently he held the title of vice president of consumer channel strategy and event marketing for Philip Morris. He has been with the company since 1997. Arrivabene now leads a team that's rife with change. Marchionne took over in October when longtime boss Luca di Montezemolo quit in a disagreement about Ferrari's future, and the company itself will be spun off from parent Fiat Chrysler Automobiles in 2015.

Mercedes-AMG celebrates F1 dominance with special A45

Mercedes-AMG is celebrating its second straight Formula One World Championship with a special edition hot hatch based on the A45 AMG. The Mercedes-AMG Petronas 2015 World Champion Edition is available in three shades of gray or silver offset by teal and black accents inspired by the Silver Arrows livery. The aero kit is also upgraded with a new front splitter and rear roof spoiler. Inside, it comes standard with sports seats in leather and microfiber, and both Mercedes' Night and Dynamic Plus packages are standard. There's also special trim and and badging, and it all runs on unique 19-inch wheels. The 2.0-liter turbo four carries over with 381 horsepower, as introduced in the recently upgraded A45. That's more muscle than even the Focus RS, but unlike the Ford, this Mercedes isn't offered stateside. Here we have to suffice with the GLA45 crossover and CLA45 sedan, which pack the same engine, but different body styles. The 65,402.40-euro ($69,216.34) asking price may seem like a lot for an A-Class, but it's considerably more accessible than the special-edition SL63 roadsters with which the German team celebrated last year. This is the second year running that Mercedes took both the drivers' and constructors' championships in F1, with Lewis Hamilton re-crowned champion and Nico Rosberg coming in second. Out of 18 rounds already held, Mercedes won 15, with one race still to go. If it wins this weekend in Abu Dhabi, it will match its run from last year, when it took 16 out of 19 grand prix victories. Exclusive A-Class marks victory in the constructors' and drivers' world championship: Mercedes-AMG celebrates Formula 1 world championship title with special edition of the Mercedes-AMG A 45 4MATIC Affalterbach, Nov 26, 2015 Affalterbach. It doesn't get any better: with victory in the constructors' world championship as well as the drivers' championship plus runner-up titles clocked up by Lewis Hamilton and Nico Rosberg, the MERCEDES AMG PETRONAS Formula One Team has achieved the ultimate in motorsport's champion's league in 2015. To mark the end of the season Mercedes-AMG is celebrating this outstanding team achievement with an exclusive special model: the MERCEDES AMG PETRONAS 2015 World Champion Edition of the A 45 4MATIC blends the expressive Formula 1 look of the victorious Silver Arrows with particularly extensive and unique equipment.