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Aston Martin launches Evolution Academy driver training program

No longer content with simply recruiting new talent when they're ready, young driver training programs are becoming increasingly vital to a racing team's success and continuity. But while most of those programs are run by Formula One teams like Red Bull and Ferrari, this time it's Aston Martin that's set up a network of its own. The British automaker, as any endurance racing fan will tell you, has a robust motorsports program, including works entries in the FIA World Endurance Championship, at the 24 Hours of Le Mans and the Nurburgring 24 Hours, to say nothing of the privateer teams it supports in other series around the world. And to feed it with new talent, it has launched the Evolution Academy. Designed for up-and-coming drivers between the ages of 17 and 25, the Aston Martin Evolution Academy will be limited to ten participants each season. Each trainee will be assigned a veteran professional racing driver from the Aston Martin Racing roster, get seat-time in Aston's simulator, and will be coached in everything from fitness and nutrition to marketing and sponsor recruitment. At the end of the program, the top of the class will be offered a contract to race full-time with the company, which would be a pretty plum assignment for any sports racing driver. The announcement was made at the Autosport International show in Birmingham, where Aston is showcasing its various Vantage-based racers. ASTON MARTIN RACING LAUNCHES LANDMARK EVOLUTION ACADEMY 7 January 2015, Gaydon: Aston Martin Racing is launching a young driver programme, the Evolution Academy, which offers a coveted 2016 Aston Martin Racing works driver contract to the most successful participant of the season. The academy, being launched at the Autosport International Show, is open to applications from drivers aged 17-25 competing in an Aston Martin racing car this season. It has been devised by the Banbury-based team to help support and develop young talent, as well as creating a breeding ground for Aston Martin Racing works drivers of the future. Successful applicants, limited to a maximum of ten, will be assigned a professional mentor from Aston Martin Racing's team of top GT drivers. In addition, they will be given fitness and nutrition assessments and advice; PR, marketing and sponsorship support; training sessions in an Aston Martin Base Performance Simulator; and Evolution Academy-branded apparel including a race suit and team kit.

James Bond going electric in next film with Aston Martin Rapide E

England's The Sun newspaper, in a piece fabulously titled "The Spy Who Plugged Me ... In," reports that James Bond will drive an Aston Martin Rapide E in the next franchise installment. Quoting "an insider," it's said director Cary Joji Fukunaga is a "total tree-hugger" and pushed to include a more environmentally friendly set of wheels. Long-time producers Barbara Broccoli and Michael G. Wilson went along with it, Fukunaga's apparently working with Aston Martin on the show car. Nothing will be lost in the switch from horsepower to e-power, the Rapide E fitted with "all the high-tech gadgets" and starring in "the centre of an incredible action sequence in the movie." The Rapide E's appearance doesn't exclude a role for another Aston Martin, though. Bond drove a DB5 and DBS in " Casino Royale," then doubled up again in " Spectre" with a DB10 and DB5. We'd expect more than one Warwickshire product, in fact, since Bond cars don't tend to survive any "incredible action sequence." Since we can expect a raft of puns from the car's inclusion, let's go ahead and give a shout-out to Motoring Research who asked the question, " Do you expect me to torque?" Aston Martin plans to build 155 Rapide E sedans for any real-life tree-hugging spies. With Williams Advanced Engineering assisting development, the silent sedan contains a 64-kWh battery and 800-volt electrical architecture, powering a two e-motors with a combined output of 603 horsepower and 700 pound-feet of torque. The 0-60 gallop takes less than four seconds, top speed is 155 miles per hour, and range should crest 200 miles on the WLTP cycle. Fukunaga's directorial resume includes the Netflix film " Beasts of No Nation" and the first season of the HBO series " True Detective." He replaced director Danny Boyle at the helm after creative differences arose between Boyle and producers. Shooting should start next month at Pinewood Studios on what's known as Bond 25 for now, and reports say Oscar winner Rami Malek is a near-lock to play the villain. The Rapide E should be in showrooms at the end of this year, the film's release date slated for April 2020.

Aston Martin's lifeline buys carmaker time as SUV hits road

Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. Stroll agreed to buy up to 20% of the 107-year-old company and will become executive chairman of James Bond's automaker of choice, which has gone bankrupt seven times in its checkered history. A consortium led by Stroll will invest 182 million pounds($239 million), whilst major existing shareholders - primarily Italian and Kuwaiti private equity groups - will be part of a rights issue to raise 318 million pounds. "It likely gives them enough liquidity to tide them over for a couple of years," said Charles Coldicott, Redburn equity research analyst. Outgoing chairwoman Penny Hughes, who will be replaced by Stroll, spelt out the degree of trouble the firm has been in after core sales fell last year. "The difficult trading performance in 2019 resulted in severe pressure on liquidity which has left the company with no alternative but to seek substantial additional equity financing," she said. "Without this the balance sheet is not robust enough to support the operations of the group." Now Aston will need to turn the financial lifeline into part of a sustainable plan as it delays investment in electric vehicles and cuts its operating costs. A key future milestone includes around 1 billion pounds worth of debt due to mature in 2022. The company also suffers from lower gross margins than rival Ferrari, according to analysts at Jefferies, who have said scaling up is just as important as extra capital. Key to the company's success is its first foray into the lucrative SUV market, a late entrant compared to many rivals such as Volkswagen-owned Bentley and BMW's Rolls-Royce. Aston has built a new factory in Wales to make the model, known as the DBX, which it hopes will attract more women to the brand and some buyers to purchase both it and a vehicle from its traditional line-up. With the DBX model not due to roll off the production line until the second quarter of this year, the firm has taken the cost with only some of the benefit so far. Based in central England, Aston said earlier this month that it already had around 1,800 orders for the car which will retail for 158,000 pounds in Britain, a "materially better" rate than for any previous models.