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Canadian billionaire Lawrence Stroll leads $240 million Aston Martin investment

After months of rumors and speculation, Canadian billionaire Lawrence Stroll confirmed he led the purchase of a 16.7% stake in Aston Martin for GBP182 million ($239 million). The investment is part of a GBP500 million ($656 million) round of emergency funding that will help the British automaker overcome serious financial challenges. Yew Tree Overseas Limited, a consortium of international investors led by Stroll, built its stake by buying 45.6 million new ordinary Aston Martin shares on the London Stock Exchange, according to Autocar. Aston Martin raised the remaining GBP318 million ($417 million) by giving existing investors the opportunity to buy more shares, the BBC learned. It's not a full bailout, but it's close. Aston Martin ended 2019 in dire financial straits. Stroll will replace Penny Hughes as Aston Martin's chairman; CEO Andy Palmer is expected to keep his job. Several sources confirmed the Racing Point Formula One team owned by Stroll will be rebranded Aston Martin after the 2020 season, and Autocar reported the company will quickly need to eliminate jobs and slash costs. "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. Without this, the balance sheet is not robust enough to support the operations of the group," Hughes admitted in an interview with the BBC. Stroll's' appointment to the Aston Martin board comes as the company prepares to overhaul its product plan. It notably confirmed the rumors claiming it put the battery-powered Rapide project on the back burner until further notice, and it delayed plans to revive the Lagonda nameplate on a series of extra-luxurious electric vehicles until after 2025. The first car was originally scheduled to reach the market in 2022, but the battery technology is expensive to develop, and Aston must save about 10 million pounds (around $13 million) annually. The firm will instead focus on mid-engined sports cars. Still according to Autocar, it will begin delivering the 1,160-horsepower Valkyrie hypercar this year, and it's on track to launch the Valhalla in 2022. The Vanquish will go mid-engined shortly after. Delaying electric cars doesn't mean abandoning electrification, and Aston Martin hopes to release "a fuel-efficient, modular V6 engine with hybrid capabilities" by the middle of the 2020s.

Aston Martin Valkyrie AMR Pro | Screaming Viking from the Valhalla of speed

This summer, two years after Aston Martin debuted the 800-horsepower, track-only Vulcan, the English carmaker unveiled the harder, faster, more-aero-focused Vulcan AMR Pro. We still haven't seen the final version of the road-ready Valkyrie, but as of right now we know Aston Martin's 's how-fast-can-you-go roadworthy jewel will get a track-only Valkyrie AMR Pro flavor. Detailed specifics will need to wait, but we're told to expect lap times rivaling "recent Formula One cars." For perspective, insider trading on the Valkyrie road car suggests 1,130 horsepower and a 2,270-pound curb weight. A naturally aspirated, 6.5-liter V12 takes credit for most of those horses, the remainder coming from a Rimac-developed, F1-style kinetic energy recovery system. Yes, that Rimac. The Valkyrie AMR Pro will send owners to a g-force-induced Valhalla, having more power, less weight, and "significantly increased downforce." The designers used a lighter grade of carbon fiber, replaced the windscreen and side windows with polycarbonate, traded for a lighter, molded racing seat, threw out the infotainment system, installed carbon fiber wishbones on the new suspension uprights, and bolted on smaller, 18-inch wheels that will fit the same Michelin tires used on LMP1 cars. Beyond larger front and rear wings and new programming for the active aerodynamics, Adrian Newey's team tweaked every aero surface. Powering all that with a lustier, remapped 6.5-liter V12, Red Bull simulations show the Valkyrie AMR Pro capable of close to 250 miles per hour. Sustained cornering forces should hit 3.3g. Thanks to F1-style carbon brakes, deceleration force tops 3.5g. Here's more perspective: the Telegraph spoke to Red Bull F1 in 2010 about in-car g-forces, and wrote, "Breath control is crucial — you cannot breathe freely above 3g because to do so would expose you to the risk of passing out." Since those numbers hint at something like ground-based flying, Aston Martin has sensibly organized a ground-based flight school. Owners will get "an intensive and comprehensive driver development program" that takes advantage of the same facilities and simulator used by Aston Martin Red Bull Racing F1. Fitness training comes with it. If you haven't signed the paperwork for a Valkyrie AMR Pro, you're too late. Twenty-five examples — one more than the Vulcan AMR Pro — will be produced, with expected delivery in 2020, and all are sold. Related Video:

Aston Martin to keep V12 alongside new AMG V8

Aston Martin is embarking on a brave new future. After thirteen years basing the bulk of its lineup on the VH architecture, Aston is developing a new platform, and is partnering with Mercedes-AMG to develop a new V8 engine and electronic systems. But what will happen to the old platform and engines once the new ones arrive? You might think that they'd be retired, but that won't necessarily be the case. At least as far as the AM11 V12 engine goes. The 6.0-liter engine was developed by Cosworth, based on a Ford block, and first appeared on the DB7 Vantage way back in 1999, but still powers everything Aston offers, save the V8 Vantage. It's evolved heavily over the past decade and a half, rising in output from 420 horsepower to 565, but Aston is one of the only British automakers still offering a V12 these days (Jaguar no longer does, Bentley's is actually a W12 and while Rolls-Royce does, its vehicles are mostly of a decidedly more sedate nature), and will surely want to carry on that legacy. That's why Aston spokesman Matthew Clarke revealed in correspondence with Autoblog, "Our 6.0-liter V12 engine will remain, with ongoing development, at the heart of a number of our flagship models for the foreseeable future," long after the new engine being developed with Mercedes arrives. Just which models will receive the new eight-cylinder engine and which will keep the twelve remains to be seen, but we get the feeling Aston's eight-cylinder range will broaden to include more than just the Vantage. As for the VH architecture, you can expect it to sail off into the proverbial sunset once the new platform is ready, though we wouldn't be surprised to see it phased out more gradually than abruptly. A 13-year tradition doesn't end overnight, after all.