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Billionaire Lawrence Stroll reportedly seeks major stake in Aston Martin

LONDON — Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported, sending the carmaker's battered share price up nearly 15% on Thursday. The British sports car maker's share price has slumped since its initial public offering in October last year. The shares launched at 19 pounds ($24.50) before dropping for months and languishing at around 5 pounds for weeks as sales have failed to meet expectations. Its major shareholder is Strategic European Investment Group from Italy, which holds about a third of the company. Stroll is the father of Formula One driver Lance Stroll, and is also famed for his car collection, regarded as one of the best collections of Ferraris in the world. Stroll is heading up a consortium looking to take a "major shareholding" in Aston Martin, Autocar said on Thursday. Two weeks ago, Aston unveiled the DBX, its first SUV, and is pinning its hopes on the model's success. Aston Martin declined to comment. Racing Point did not immediately respond to an emailed request for comment. The carmaker's shares were up nearly 15% at 5.79 pounds Thursday.  

Aston Martin CEO plans for seven-vehicle lineup

Aston Martin which has survived for the last hundred or so years with a remarkably tiny vehicle lineup, is now making preparations for its next seven vehicles, according to the company's CEO, Andy Palmer. The CEO elaborated on the company's "Second Century Plan" explaining that it'd feature a three-pillar product road map that is apparently "crystal clear." Pillar one, sports cars, should surprise no one. The three-pronged lineup will continue, with the new DB11 sandwiched between the Vantage and Vanquish replacements. But don't expect more than three Aston sports cars – Palmer shut down the idea of a car below the Vantage. Next, we have "saloons," which means sedans, if you prefer coffee to tea and Hershey's to Cadbury. This is trickier, of course. In April of 2015, we reported that the Rapide sedan would die and that the DBX would be its replacement. But in October, we reported that the Rapide name may live on as an all-electric model. That same April report also claimed we'd see a Lagonda-badged sedan, which now seems like a virtual certainty following the success of the rare Lagonda Taraf. The tea leaves of pillar three – crossovers and "specials" – are the most difficult to read. We know the rakish DBX crossover is coming. But we're wagering that Aston will complement its CUV/SUV lineup with something more traditional that could combat stuff like the Bentley Bentayga. But rather than badging it as an Aston, we think it's more likely this hypothetical vehicle would be badged as a Lagonda. Here's why. The last thing we wrote about a Lagonda SUV came in July 2014, when reports indicated that plans for such a vehicle had been abandoned. But with the explosion in CUVs at virtually every price point, it seems impossible for Aston Martin to ignore the segment. This would give the company a two-pronged approach. We doubt Aston would reestablish the Lagonda brand to just sell a single vehicle. What about the specials, though? That sounds like low volume and high performance to us, which could mean a One-77 successor. Aston has gone on record as saying it'd be open to aerodynamic god Adrian Newey penning a hypercar design. In fact, regarding a Newey-designed Aston, Palmer himself said, "There is rarely smoke without fire." If this were to ever happen, though, we're betting it won't be for some time. The DB11, Vantage/Vanquish replacements, and DBX will be the first new vehicles from the brand, Palmer indicated.

2020 Aston Martin DBX pricing, interior revealed

We’ve gotten the rundown on the 2020 Aston Martin DBX's performance specs and heard the sound of its V8, seen the grille and learned about its dog-friendly Pet Pack and other accessories. There's also all those spy shots of mule versions running about. Now we have our first image of the interior and details on pricing of AstonÂ’s first SUV ahead of its Nov. 20 unveiling in Beijing. First up, the price. And it ainÂ’t cheap, but you knew that, because itÂ’s an Aston Martin. The off-road-capable luxury crossover will start at $189,900 here in the United States. That puts it in the rarified air of competitors like the Lamborghini Urus, the Rolls-Royce Cullinan and the Bentley Bentayga. For that kind of cheddar, youÂ’d better be riding in style. The interior photo, taken from the rear seat looking forward, shows a butterscotch-colored cabin, with stitched leather seats, what appears to be an Alcantara headliner, backseat climate controls with vents in the center console and on the B-pillars and, up front, a large touchscreen framed in an oval-shaped cluster. Aston says the bridged center console offers storage space below for handbags or other large items. ThereÂ’s also a huge, full-length glass roof and broad side windows, and weÂ’re told — but offered no concrete measurements — of class-leading front and rear legroom, and an abundance of space throughout. Aston says it did extensive customer research and carefully consider the ergonomics needs of a broad range of male and female occupants, with more than six months alone dedicated to determining the exact and best position of the driver within the vehicle and a "Female Advisory Board" to help dictate the layout of dashboard controls. Aston also wants us to know that it gave special consideration to backseat passengers and children. The decision to use an all-new platform and its longer wheelbase allowed designers to optimize cabin space while keeping the low roofline. The DBX will produce 542 horspower and 516 pound-feet of torque from the twin-turbo 4.0-liter borrowed from Mercedes-AMG, making it the most powerful version of the engine used in an Aston. Order books open after the reveal later this month.