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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.

Aston Martin V12 Vantage shows off sound, will return in 2022

According to Aristotle's fourth-century History of Animals, swans "are musical, and sing chiefly at the approach of death." Scientists still debate the accuracy of this statement, but we don't think anybody is going to argue with the melodic tones of the swan song that is Aston Martin's V12 Vantage. Listen for yourself in the video up above. We've been expecting this. We saw spy shots in August of a hardcore Vantage mule out testing on the Nurburgring that was fitted with all manner of enhancements that led us to believe a twin-turbo 5.2-liter V12 may be under its vented hood. Later, the rumormill was aflutter with reports that the British marque was planning to bestow its smallest car with big power courtesy of a V12 tuned to deliver a reported 670 horsepower. That's 20 ponies fewer than the Speedster's twelve-cylinder, which spins out 690 horsepower and 555 pound-feet of torque. Aston Martin V12 Vantage prototype View 13 Photos We don't know much more than that, for now. Aston Martin's teaser says the V12 Vantage returns in 2022, we'd guess as a 2023 model, and that it will be labeled a Final Edition. We're certain the number produced will be limited, so if this is the beautiful swan song you've been waiting for, now would be a good time to get your finances in order. Related video:

Behold the Aston Martin SUV: Officially named DBX, coming in 2019

It's official. The Aston Martin DBX SUV is named and it's on its way, folks. Oh, and Aston really wants you to know it can drive on dirt. Every official photo we have of the thing shows it doing something off the pavement. In other definite news on the SUV, it will be revealed in the last quarter of 2019 and be built at Aston Martin's new St. Athan factory in the U.K. Everything else about the tall Aston will remain a mystery for now. But we finally have a decent look at what's coming. The most obvious feature is the V8 Vantage-style grille. It's the most outlandish and distinguishing styling element on the Vantage, but we're not so sure about it on the DBX. There's plenty that looks unfinished behind the fake grille-looking piece, so we wouldn't be prepared to say that the design is what we'll see on the production SUV quite yet. It looks like standard, boring SUV fare down the sides, but then it gets funky in the rear. To our eyes, it looks like there are two spoilers back there — one extending from the roof, then another ducktail-looking thing coming out of the hatch. Once again, the design doesn't strike us as fully-baked yet, so it's tough to say what the rear end is going to end up like. The little exhaust outlets poking out of the bumper are pretty cool, though. This prototype pictured is being put through a Welsh rally stage for testing purposes, one of many different environments in which Aston says it wants the DBX to excel. The other notable spot is the Nurburgring, but we'd expect an Aston Martin SUV to handle well. We don't think an electrified version is coming right away, but Aston is building it in the same factory it says will be the brand's "Home of Electrification." It's safe to assume a hybrid or fully-electric vehicle from Aston will be coming when we get to the next decade, especially with the way Aston is talking. Related video: Featured Gallery Aston Martin DBX prototype View 13 Photos Image Credit: Aston Martin Aston Martin Crossover SUV Luxury Off-Road Vehicles Performance aston martin dbx