2003 Aston Martin Db7 on 2040-cars

Auto blog

Mercedes-Benz to boost stake in Aston Martin to 20%, lend it some tech

Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker's largest shareholders, Aston said on Tuesday. Aston Martin, popular for being James Bond's carmaker of choice, has suffered a torrid time since it went public two years ago, with its shares losing two-thirds of their value this year. The 107-year-old firm hired Tobias Moers, former CEO of Mercedes-AMG, as its new boss from August. Aston said the increase in Mercedes-Benz's stake, from 2.6% currently, would take place in several stages as part of a wider issue of 250 million shares at 50 pence each. The stock issued to the German group will have a maximum value of 286 million pounds ($372.7 million), it said. The deal will see an existing supply agreement between the two firms, in place since 2013, expanded to give Aston Martin access to key Mercedes' technology, including hybrid and electric drive systems. "We take another major step forward as our long-term partnership with Mercedes-Benz AG moves to another level, with them becoming one of the company's largest shareholders," said Aston's chairman and biggest shareholder Lawrence Stroll. The German firm will get the right to nominate one non-executive director to Aston Martin's board after its first shareholding increase, the London-listed firm said. Aston, which has started deliveries of its first sport utility vehicle, the DBX, said on Tuesday it swung into an adjusted core loss of 29 million pounds in the third quarter, versus a profit of 43 million pounds last year. Revenue in the period nearly halved to 124 million pounds, it said. Aston Martin is targeting annual capex of 250 million pounds to 300 million pounds per year between 2021 and 2025. It envisages production volumes of about 10,000 units, revenues of about 2 billion pounds and adjusted core profit of 500 million pounds by financial years 2024 or 2025.

Aston Martin boss says DBX is about securing the future

The Aston Martin DBX was a revelation when it debuted at the 2015 Geneva Motor Show. Not only did the concept evolve the British brand's traditional shape into a high-riding crossover coupe, there were electric motors to power each wheel. Just a few weeks ago, we learned that the company secured $306 million in funding to actually bring the DBX to production. Now, CEO Andy Palmer is talking about just how important the model is for the future. With the DBX moving into such a radically different segment than the rest of the lineup, the model gives Aston Martin the opportunity to go after a new group of customers. "You can't create enough working capital with just 7,000 cars a year whichever way you look at it. You've got to extend the portfolio somewhere, and I'd rather do this than sell caps and t-shirts," Palmer said to Auto Express, taking a slight dig at Ferrari. While Aston calls the DBX a crossover, its coupe-like lines don't look like any other vehicle in the segment, especially other high-style CUV attempts like the BMW X6 and Mercedes-Benz GLE-Class Coupe. Apparently, that differentiation is entirely on purpose. "We think there is a different space to the traditional SUV. Why? Because we make beautiful cars, and it's hard to make a beautiful SUV. It's hard to make a box beautiful," Palmer said to Auto Express. The production DBX will gain two more doors for the start of production in 2019, according to Auto Express. The high-performance electric powertrain will remain, though, and Aston will aim for a range of over 300 miles. Earlier reports also suggested that the CUV could be produced at a new factory in the US. Aston Martin isn't abandoning its performance legacy entirely, though. The DBX is just one part of Palmer's Second Century plan, and the other major pillar is replacing every model in the brand's lineup by the end of the decade. One of them has already been spotted testing. Related Video: The video meant to be presented here is no longer available. Sorry for the inconvenience.

Aston Martin Vanquish S gets harder, better, faster

Now in its second generation, the Aston Martin Vanquish has finally earned a red "S" badge. That means a subtle revamp of the Vanquish's shape, speed, suspension, and interior specification to separate the new coupe from both the previous model and the new hotness, the incoming DB11. A meaner front fascia and a racy rear diffuser, both in exposed carbon fiber, reduce frontal lift. The new black quad exhaust pipes tucked into triangular cutouts just look mean. For those who want to go further, the already considerable option sheet gets new elements like carbon-fiber engine louvers and a new diamond-turned wheel design. Aston Martin also talks up an array of "striking painted graphics packs," which likely lean toward the subtle sky blue accents in the car pictured above as opposed to a purple and yellow Indy Pace Car package. The 6.0-liter V12 adds 12 horsepower for a total of 580. Larger inlet manifolds and a freer-breathing intake bestow finer throttle response for an anxious right foot. The eight-speed Touchtronic III gearbox adds refinement at the same time as it swaps cogs more quickly than before. Changes made throughout the suspension, from spring rates to damper internals, should do the trick when driving calls for more hammer than velvet. Not that you need to drive anywhere in the Vanquish S to enjoy it fully, since the cockpit is a reward unto itself. Chopped carbon fiber drenched in a satin sheen comprises the waterfall center console, in high-tech brutalist contrast to the new "Filograph" quilted seats in Bridge of Weir leather. One unsubtle aspect of the Vanquish S: the $294,950 price for the coupe, and a cool $312,950 for the Volante. Deliveries commence in December. Related Video: Featured Gallery 2017 Aston Martin Vanquish S View 16 Photos LA Auto Show Aston Martin Convertible Coupe Luxury Performance aston martin vanquish 2016 LA Auto Show aston martin vanquish s