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Aston Martin CEO Andy Palmer to leave in favor of AMG chief Tobias Moers

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday. The luxury carmaker said in an emailed statement that it is reviewing its management team but declined to comment on Palmer's fate. Palmer and Germany's Daimler, which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment. The Financial Times newspaper had reported earlier that the Aston Martin chief was going to leave as part of a shake-up of its leadership, with an official announcement expected on Tuesday. Palmer had not been informed of the upcoming announcement, the newspaper reported. Aston Martin, famed for being fictional secret agent James Bond's car of choice, 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. The company has been banking on its sport utility vehicle to drive sales in a new segment, and said production was on track. In January, dire conditions forced the company to bring in Canadian billionaire Lawrence Stroll who bought a roughly 20% stake for nearly 200 million pounds ($263 million), as the ailing carmaker sought to raise funds. The coronavirus pandemic and shutdowns caused by it have hit demand and forced factories around the world to suspend production, negatively impacting many industries, including car manufacturers. "We were obviously fairly significantly hit by COVID-19, starting with China in January but more clearly in what we saw as it came across towards Europe and the United States," Palmer told Reuters earlier in May. Related Video:

2018 Aston Martin Vantage Drivers' Notes Review | English style, German heart

Editor-in-Chief Greg Migliore — The Vantage continues Aston Martin's evolution as a modern sports- and supercar maker. This machine feels special. It's gorgeous and translates Aston's design language effectively. It sounds intoxicating. I blasted around Detroit's sleepy suburbs one chilly night and felt a bit like James Bond. The AMG-sourced V8 is well-calibrated and works smoothly with the eight-speed automatic. Pulling the paddles is obviously fun. The steering returned proper feedback with adequate weight. The chassis is tight but not abusive. Considering the Vantage has so much power and technical prowess, it's still imminently drivable. I was comfortable almost immediately, and it's the kind of car that left me feeling satisfied and wanting more. That's the essence of Aston. Senior Editor, Green, John Beltz Synder — The V8 Vantage holds a special place in my heart, and my heart was beating faster just looking at it in our parking lot. It's a gorgeous car, and it stands up to close inspection. I love the detail, the colors, the look of the materials and how they accentuate the car's design. That attention to detail is even more pronounced inside the car, where there's something interesting going on everywhere you look, including the headliner. Driving the car is a lot calmer than you might expect. Yeah, it's fast and a bit stiff, but not jarringly so. The AMG V8 and eight-speed transmission work wonders together. The acceleration is smooth and linear, with shifts happening in an instant, and without drama. Plus, I love the giant paddle shifters mounted on the steering column. They're thin, but extremely long, and they're always right where you expect them to be when you reach out with your finger. There were just a couple things that stood out to me as imperfect. On the infotainment interface on the center tunnel, the control wheel is tucked away, which helps keep you from accidentally bumping it, but makes it a little awkward to use. The other thing was that the whole driver seat moved around underneath me. I'm sure Aston saved some weight with these seats, but this didn't feel very securely attached to the floor. I forgot about both of those things as I found my way out of traffic and onto some curvy roads. This thing builds and carries a ton of speed with ease. And as good as it looks in its natural state of motion, this car was turning heads — and cellphones — when prowling through the parking lot.

2017 Aston Martin Vantage GTS is only for America

Earlier today, Aston Martin announced that a short run of V12 Vantage S models would come to the US with a manual. Just 100 will be built, but that's an exciting prospect nonetheless. The US is also getting a unique rationalization of the V8 lineup, spiking the low-price GT and more expensive S variants and consolidating them into one trim: the GTS, available in fixed and droptop versions. Basically, there's one trim, but two flavors thereof. Both offer the 4.7-liter V8 in the existing V8 Vantage, and both offer a choice of a six-speed manual or 7-speed single-clutch automated manual. The Sport flavor offers some styling baubles (think: carbon fiber) as well as the sport suspension that was optional on the older Vantage. Inside, the Sport is trimmed with either black or grey leather with either alcantara or leather detailing. The center stack face is carbon fiber, and the rotary controls are black. The Lux version skips the sport suspension bits, but adds in some gloss black exterior elements at the front splitter and rear diffuser, and brightwork at the front grille, headlamp surrounds, hood vent strakes, and window surrounds. The seats are leather, although the color is up to the buyer from an "extensive color palette". Controls are done up in satin chrome finish with piano black. The GTS is, like most Astons, a blank slate for too many styling options to list, but if you can write a check big enough chances are you can have it any way you'd like. Expect it to start at roughly the current V8 Vantage S's price, or right around $134,000. Related Video: