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Aston Martin sues dealer over $3.5 million Valkyrie supercar

Aston Martin Lagonda Global Holdings said it’s suing a company affiliated with one of its dealers in Switzerland, alleging that it withheld customer deposits collected for the $3.5 million Valkyrie supercar. The automaker accused Nebula Project AG of failing to pass some deposits taken from customers along to Aston Martin and said it has terminated an unconventional commercial arrangement its previous management team entered in 2016. Under the now-dissolved deal, Nebula had agreed to fund development of the Valkyrie and other mid-engine cars in exchange for royalty payments. As a result of terminating the agreement with Nebula, Aston Martin is no longer liable for any potential royalty payments, which could have been “significant” over time, the carmaker said in a statement Tuesday. The company also cut off its dealer arrangements with AF Cars AG, the company that operates Aston Martin St. Gallen in Switzerland, whose board members manage Nebula. A spokeswoman for the cantonal prosecutorÂ’s office in St. Gallen said they are expecting a lawsuit to be filed but hadnÂ’t received it as of noon Tuesday. A spokesman for Aston Martin St. Gallen was not immediately available to comment, according to a receptionist. The canton of St. Gallen in eastern Switzerland is home to just 510,000 people but generates gross domestic product of almost 39 billion Swiss francs ($42 billion), making it a natural fit for wealthy fans of supercars. The Valkyrie, which Aston Martin expects to start shipping in the second half of the year, is intended to compete with mid-engine models made by the likes of Ferrari and McLaren. While Aston Martin believes the net impact of its actions against Nebula will be positive over time, itÂ’s expected to reduce cash flow and earnings before interest, taxes, depreciation and amortization by as much as 15 million pounds this year. The automakerÂ’s shares traded down 1.9% as of 11:50 a.m. in London, paring an earlier decline of as much as 4.9%. Valkyrie customers will still receive their cars as scheduled, Aston Martin said, despite the company not having received all the deposited funds. The company said it will take deposits for special vehicles directly from customers going forward instead of through dealers. Aston Martin racked up significant losses after going public in 2018 and has spent the last year restructuring itself after a rescue by Canadian billionaire Lawrence Stroll, who took over as chairman.

Petrolicious shows a 1977 Aston Martin V8 shared by a father and son

Beyond a knack for great cinematography and skilled sound mixing, Petrolicious has a sixth sense for finding beautiful classic cars that bring families together. This time, it has turned the focus on a 1977 Aston Martin V8 that started as a son's ratty ride in high school and was later wonderfully restored by his dad. Paul Kitchen grew being surrounded by his dad, Jonathan's, classic cars, and eventually wanted to get one of his own. Paul first looked at a Chevrolet Chevelle, but Jonathan pointed his son towards an Aston Martin. Now, the two of them share this beautiful V8. The real highlight of this clip is watching this wonderful coupe snake over some wet roads over the burble of its V8. While the car's overall design was clearly European, Aston's stylists definitely had a look at some American muscle cars before picking up their pens. The result was a sublime blend of James Bond and Bullitt.

Aston Martin DBS GT Zagato previewed in renderings

Last fall, Aston Martin and Zagato announced that they would be building special continuation versions of the DB4 GT Zagato to celebrate the Italian design house's 100th anniversary. But the two companies wouldn't stop there, as each DB4 would come with an yet-to-be-revealed DBS variant. Now the companies have released detailed renderings and information about what is officially called the Aston Martin DBS GT Zagato. The car will be based on the hottest DB11 model, the DBS Superleggera. That means it should have a twin-turbo V12 making at least 715 horsepower and 664 pound-feet of torque with all of that going to the rear wheels through an eight-speed automatic. Outside of the bones, the DBS GT Zagato will have a thoroughly revised exterior. As shown in the photos, the front grille is one piece and is more reminiscent of what's found on the smaller Aston Martin Vantage. An exaggerated double-bubble roof is a highlight, and it stretches out to the pointy tip of the tail. The hood echoes the double bubble in its center. The taillights have an afterburner shape that Zagato has favored lately. Neither Aston nor Zagato has said when we'll see the actual car, but we expect it will be shown sometime this year. Buyers will start getting their DBS GT Zagatos at the end of 2020, a year after their DB4 GT Zagato continuation cars are delivered. As a reminder, the price for each of the 19 pairs of cars is 6 million pounds, or $7.93 million at current exchange rates and before taxes.