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Ford GT dominates Le Mans qualifying, gets slapped with performance adjustment

Fifty years after Bruce McLaren and Chris Amon drove the Ford GT40 to victory at the 24 Hours of Le Mans, Ford is poised for a historic return to the Circuit de la Sarthe. The new Ford GT took the top two qualifying positions in the LMGTE Pro class, and four of the top five. Ferrari's 488 filled in the rest of the spots in the top seven, the first two from AF Corse. In other words, we're primed for a reboot of the classic Ford-Ferrari feud at this year's race. Or not, as the ACO, which organizes the 24 Hours of Le Mans, announced sweeping pre-race Balance of Performance (BOP) adjustments this morning that make this year's GT class anybody's race. In LMP1, last year's overall winner Porsche locked up the top two spots with the 919 Hybrid and will lead the entire field at race start. Toyota's two-car factory effort followed with qualifying times 1.004 and 2.170 seconds behind the pole lap. Audi rounds out the manufacturer-backed LMP1 class in fifth and sixth. Full qualifying results can be found here. The storyline for the GT cars is perfect - some say too perfect. Ford's class-leading times came after BOP adjustment to the Corvette Racing C7.R before qualifying. BOP is intended to level the playing field in the class by adjusting power, ballast, and fuel capacity. (Check out this explainer video for more, or even just if you love French accents.) But the process is riddled with unknowns and ripe for accusations of sandbagging. That is, if the Ford cars were intentionally slow in practice they could hope for BOP adjustment to improve their race chances. On the Corvette side, last year's GTE Pro winner went from the top of the field to the bottom, barely improving from practice to qualifying. If you think Le Mans is as rigged at the NBA Playoffs, well, it's not that simple. Because if Ford and Ferrari held back until qualifying - the eighth-place Porsche 911 RSR is three-and-a-half seconds off the class pole time - it was a pretty dumb strategy. This morning, the ACO tried to put things back in order by limiting the boost in the Ford GT's twin-turbo V6 and adding 11 pounds of ballast. Ferrari was also given extra weight but allowed more fuel capacity. The Corvette and Aston Martin teams were both given breaks on their air restrictors, which will allow their engines to make more power. Both Ford and Porsche also received extra fuel capacity.

Aston Martin skids in stock market debut

LONDON — Shares in luxury automaker Aston Martin fell as much as 6.5 percent on their market debut in London on Wednesday as investors and analysts raised concerns over Aston's ability to deliver an ambitious rollout of new models. The company, which last year made its first profit since 2010 and has gone bankrupt seven times, had priced its shares at 19 pounds each, giving it a market capitalization of 4.33 billion pounds ($5.63 billion). The shares fell to as low as 17.75 pounds. Aston Martin has plans to launch a new model every year from 2016 to 2022. "(It) has very aggressive growth plans. The execution of that growth needs to be flawless — nothing eats cash more than a car company when the cycle turns. There is concern that it's more cyclical than the commentary has been," said James Congdon, managing director of cashflow returns specialist Quest. "The banks have done a good job for their client — but there's no bounce." Aston is going all-in Aston Martin — full name Aston Martin Lagonda Global Holdings Plc — expects to produce around 7,100 to 7,300 cars in 2019, and 9,600 to 9,800 cars in 2020. It aims to increase production to 14,000 cars in the medium term, helped by new models and improving its manufacturing process. The company is investing all of its cashflow to try to achieve this, leaving nothing for dividends or paying down debt. "In terms of execution risk — this is what I've done for all of my career. I'm an engineer: we mitigate risk," Chief Executive Andy Palmer, who has led a turnaround plan at the company since 2014, told Reuters. Palmer played down risks to the business from Britain leaving the European Union, even as other car manufacturers step up warnings over a disorderly Brexit. He said Aston Martin was "relatively well insulated" from the effects of Brexit because Europe is not its biggest market and it may actually benefit from exporting with a cheaper pound. However, 60 percent of its parts are imported from the EU and will be hit by tariffs if there is no trade deal. "Obviously we'd all prefer no tariffs to be frank, no doubt, but the industry has to learn to adapt, and it always has adapted to changes," Palmer said. Valuation In 2017, Aston Martin had adjusted earnings before tax interest, depreciation and amortization (EBITDA) of 206.5 million pounds, up from 100.9 million pounds in 2016.

Cosworth briefly crows that Aston Valkyrie's 6.5L V12 has record horsepower

It's only natural that Cosworth would want the world to know that it's building the world's most powerful naturally-aspirated engine for the Aston Martin Valkyrie and Valkyrie AMR Pro. The timing of when the world should know about it, that's at issue. Yesterday the English engine maker's official Twitter account posted a picture of the barely-there coupe and the line, "We're famous for breaking records and our latest engine, the Aston Martin Valkyrie 6.5-litre V12, will be the world's most powerful naturally aspirated road engine with 1,130bhp." Two tags accompanied the post, #Cosworth and #AstonMartinValkyrie. About 90 minutes later, the tweet disappeared. The likely issue is that Cosworth got ahead of Aston Martin's official confirmation of Valkyrie outputs, something we're more used to from patent offices and Chinese model makers. The question is what output is Cosworth really talking about, and which car. All of last year, however, various reports had the street-legal Valkyrie making 1,130 hp. A Road & Track report attributed "nearly 1,000 hp" coming from the NA V12, the remaining 130 from a kinetic energy recovery system working the front axle. Hence, we're not sure if Cosworth's talking about its own engine alone at 1,130 hp, or its engine with the KERS. But then there's this: At the launch of the Valkyrie AMR Pro during the Geneva Motor Show this year, Aston Martin said the track-only Valkyrie AMR Pro would enjoy "a combined power output of more than 1100 bhp — more than the Valkyrie road car and a figure than comfortably exceeds the magic 1:1 power-to-weight ratio." The truth's a mystery for now, which is just as Aston Martin would want it. If Cosworth's engine really does make 1,130 hp on its own, that would be monstrous, and it would mean the automaker's been playing a serious game of English understatement. Even if Cosworth included the hybrid help, however, an NA V12 with 1,000 ponies would take the crown. The only competition is the 6.5-liter V12 in the Ferrari 812 Superfast, and that's 211 horses adrift. The quad-digit figures expected from Mercedes-AMG Project One and McLaren Speedtail require turbochargers, as does the just-teased V8 going into the Shelby Tuatara. With the first of 150 Valkyrie road car deliveries scheduled for next year, we probably don't have that much longer to wait to find out. Related Video: