2006 - Aston Martin Db9 on 2040-cars

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Aston Martin makes RapidE electric car a limited edition after LeEco pulls out

Aston Martin was forced to scale back production plans for its first electric model after cash-strapped investment partner LeEco pulled out of the project, Chief Executive Andy Palmer told Reuters on Monday. The result, though, may be an even more exclusive car, aimed at customers who consider Tesla's top of the range $130,000 Model S to be a little too run of the mill. Aston Martin will build only 155 of its RapidE, about a third of the initial plan, and lean more heavily on Formula One engineering specialist Williams after the withdrawal of Chinese TV and smartphone vendor LeEco, Palmer said. The setback and Aston's response underscore the challenges and risks niche carmakers face as they scramble to address future demand for electrification from consumers and regulators. While the privately held Aston Martin brand benefits from the endorsement of fictitious spy James Bond, it lacks the backing of a large automotive parent that many rivals enjoy. "We've decided to make this car rare, which will obviously tend to push the price higher," Palmer said. "Aston Martin now plans to proceed independently, funding further development of RapidE by ourselves." Palmer agreed to be interviewed after sources told Reuters Aston Martin's partnership with LeEco had unraveled. Unveiling the alliance in February last year, LeEco and Aston pledged to launch an all-electric version of the Rapide S sedan in 2018. But the Chinese conglomerate has since slashed its electric car investments, including its U.S. startup Faraday Future's planned $1.3 billion factory in Nevada. Some Faraday suppliers, including seat maker Futuris and media provider Mill Group, have sued the company for non-payment, according to court records. Spokesmen for LeEco and Faraday did not respond to requests for comment on the end of the Aston partnership. Aston Martin declined to discuss its partner's business. $250,000 PRICE TAG Aston returned to profit in the first quarter, a decade after it was sold by Ford. Now owned by private equity groups Investindustrial and Kuwait's Investment Dar, the company is rolling out a new model each year under a taut recovery plan drawn up by Palmer, who joined from Nissan in 2014. Without LeEco's backing, the sports carmaker, based in Gaydon, Warwickshire, is pushing ahead as sole investor in the electric car, after paring down production and pushing back the launch date to 2019. The plan won board approval on June 21.

The legendary Aston Martin DB4 GT is reborn

The trend of resurrecting ghostly automobile legends continues with Aston Martin, which announced Friday it's building a limited run of 25 more DB4 GTs. Originally built from 1959 to 1963, the DB4 GT was among the most powerful British cars of its era and a precursor to the modern supercar. Just 75 DB4 GTs were built during the first run. The GT model was lighter and more powerful than the stock DB4, giving it excellent racing chops. Stirling Moss drove the GT to victory at Silverstone in its competition debut in '59. It's a rare breed with a deep lineage. Within that first batch, just eight even lighter-weight models were built, and Aston is using those as the basis for its continuation series. The company says it will build them in Newport Pagnell in England, its headquarters for decades and now home to the Aston Martin Works heritage division. The DB4 GT continuation brings assembly work back to Newport Pagnell for the first time since production of the Vanquish S left in 2007. The original DB4 GT was produced on this site. The new cars will wear VIN numbers that pick up from the end of the first run in '63. They will use a version of the Tardek Marek-designed straight six-cylinder engine making an SAE-rated 331 horsepower with three twin-choke Weber carburetors. Though it's a straight six like the original, Aston started "from scratch" with the new one, a spokesman said, drawing on the DB11's supplier for the castings. Modern elements, like an FIA-spec roll cage, fire extinguisher, and seat belts will also be added. It will weigh 2,706 pounds. The DB4 GT employs a four-speed David Brown manual gearbox. The car rides on a tubular frame with an independent front suspension; the rear is a Watts linkage setup and both use coil springs. The fuel tank holds 36 gallons, which should prove useful for racing. In that vein, these 25 will be track-only models, and buyers will be able to participate in an international driving program that spans two years and visits circuits like Yas Marina. Owners can receive training from Aston experts like Darren Turner, who counts several class victories at Le Mans. The cost? About $1.9 million at the prevailing exchange rates as of this writing. Aston will begin delivering the DB4 GTs in summer 2017. It joins the growing field of nostalgic continuations, like the Jaguar XKSS, that pick up where the original lineage left off.

Aston Martin considers offering new Lagonda Taraf outside of Middle East

Aston Martin officially took the wraps off its new Lagonda sedan in Dubai on Monday, revealing the luxury limousine in all its glory and revealing its nameplate as Taraf – derived from the Arabic word for "luxury" (not for some Kurdish starlet). A fitting name, since it will only be offered to select customers in the Middle East, where a large number of its '70s-era predecessors have found homes. But while the model was clearly and emphatically targeted at the Persian Gulf clientele, Aston Martin is reportedly considering offering the Lagonda Taraf in other markets as well. Both Car and Top Gear are citing Aston's new chief executive Andy Palmer on the matter from the unveiling in Dubai: "I can confirm today that we are also evaluating the opportunity to offer this Lagonda in other markets." Whether it would carry the Arabic name along with it, we don't know. Nor do we know, for that matter, if the US would be among those markets which Aston would consider selling the sedan. "We have enjoyed excellent levels of interest in the Lagonda and we are investigating possibilities for other markets besides the Middle East," said Matthew Clarke, the company's spokesman for the Americas, in correspondence with Autoblog. "However, we can't add any more or be any more specific at this very early stage." Understandable, of course, but we hope to hear good news in the near future.