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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 Vantage F1 Edition adds more power, downforce

Well, it seems we were onto something, Aston Martin really did give us a pace car edition of the Vantage. Or, in F1 parlance, a safety car edition. It's technically called the Aston Martin Vantage F1 Edition, and fortunately, it's not just a Vantage with a fancy paint job. It actually boasts several performance improvements that it shares with the real safety car. You can even see some of those upgrades. The car features a front splitter and canards, rear wing, and under body tweaks. They all allow the F1 Edition to make an additional 441 pounds of downforce at top speed over a standard Vantage. Though not majorly affecting performance, the Vantage F1 Edition also receives a slatted grille, carbon fiber accents, quad-tip exhaust, exclusive 21-inch wheels, and a matte dark grey stripe. Only three colors are available, Aston Martin Racing Green, black and white, all three of which can be matte or gloss. Inside, the car gets black leather and grey Alcantara with your choice of green, black, grey or red stitching and center stripe. The F1 Edition gets extra power, too. The twin-turbo 4.0-liter AMG V8 makes 527 horsepower, an increase of 24, though torque is unchanged at 505 pound-feet. An eight-speed automatic is the only transmission available, and Aston Martin says it has been retuned to shift faster. Acceleration and top speed don't change, with 0 to 60 happening in 3.5 seconds for the coupe and 3.6 seconds for the roadster. The coupe's top speed is 195 mph and the roadster's is 190. Besides the extra grunt, the F1 Edition gets stiffer springs and retuned shocks along with a steering rack that Aston says provides better feedback. To pick up one of these upgraded Vantages, you'll need $162,000 for the coupe. Pricing hasn't been given for the roadster, but it will likely cost a bit more. Aston is taking orders now, and cars will be delivered to customers and dealers starting in late summer this year. Related Video: Aston Martin DBX in Stirling Green | On road, off-road and on the track

Aston Martin sues supplier Envisage over copyright infringement

Automakers don't make the entire cars themselves. They typically design and engineer them, outsource many of the components to outside suppliers, and put them together at assembly plants. Farming out work to those suppliers can result in some leaks in the automaker's intellectual property, but while that's typically covered in extensive legal documents, disputes can arise. And in this case, it's arisen between Aston Martin and one of its suppliers. That supplier is the Envisage Group, a British firm based in Coventry that has, among its various clients, performed design work for Aston since 2007 and supplied parts and tooling since 2011. That means it has access to certain proprietary information regarding Aston and its products, and now the automaker is claiming the supplier has taken unlawful advantage of that access and its copyrights to further its other businesses. Among its other services, Envisage operates a coachbuilding operation that handles the production of vehicles like the Eagle's customized Jaguar E-Types and the Speedback GT for David Brown Automotive. The latter, pictured here, bears more than a passing resemblance to classic Astons, and the company name itself suggests a certain affiliation as well. However both Aston Martin and David Brown Automotive insist that the lawsuit is unrelated. In correspondence with Autoblog, the latter sent the following statement: Following speculation in recent press reports that David Brown Automotive and Speedback GT are the subject of, or involved in, legal proceedings by Aston Martin Lagonda Limited against Envisage Group Limited, David Brown Automotive can confirm that it, and its products, are in no way implicated and the production of our vehicles continues unaffected by the litigation. According to the report from the Telegraph, the lawsuit filed with the UK's High Court makes specific mention of badges, wheels and headlights belonging to Aston Martin that Envisage has allegedly used in promoting its services. Featured Gallery David Brown Automotive Speedback View 18 Photos News Source: The TelegraphImage Credit: David Brown Automotive Design/Style Government/Legal Aston Martin lawsuit court david brown automotive david brown automotive speedback