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Aston Martin's biggest investor considers increasing its stake

LONDON — The biggest investor in Aston Martin is considering buying another 3% stake, offering to increase its holding after shares in the luxury carmaker crashed almost 50% since its listing nine months ago. Strategic European Investment Group, part of the Italian private equity group Investindustrial, owns 31% of Aston Martin. It only wants to buy a maximum 3% stake but has to make an offer to all shareholders due to its already large holding. It has secured agreements from existing shareholders such as a group of Kuwait-based investors to back the move. It is offering to pay 10 pounds per share, the price at which the shares closed on Friday. It must make a decision by July 29. Aston Martin has struggled since it listed in October last year. Its shares fell on the opening day and are now down 47 percent. The company's recent results have been hit by a need to invest more in its manufacturing plants and expand its vehicle offering, leading to higher costs.  Related Video:

2023 Aston Martin DBX S shows its muscular-looking profile

Aston Martin is slowly taking the wraps off of a more powerful evolution of the DBX. Possibly assigned the S suffix, the hot-rodded family-hauler will stand proud as the world's most powerful luxury SUV when it makes its official debut online on February 1, 2022. The model remains shrouded in darkness, but the latest preview image published by the British firm is a lot more informative than the video it previously released. We can tell several styling cues differentiate the S and the regular DBX, including model-specific wheels and a bigger roof-mounted spoiler. It also looks like the quicker and more powerful variant rides lower, which hints at a series of suspension tweaks. As we've previously reported, the DBX S will likely land with a V8 engine rather than with a V12. Specifications haven't been released yet, but Aston Martin pledged that it designed the model as "the world's most powerful luxury SUV," a crown that will require over 670 horsepower to claim. We're guessing that the eight-cylinder in question will be a version of the Mercedes-AMG-sourced 4.0-liter found in the standard DBX, among other Aston Martin models. It will be twin-turbocharged, and it will spin the four wheels via an automatic transmission; nothing suggests that the S will be a hardcore, track-ready machine with a seven-speed manual transmission and a gutted interior. More information about the 2023 Aston Martin DBX S (assuming that's indeed what it's called) will emerge in the coming days, and its full reveal is scheduled for February 1, 2022. Sales should start shortly after with a base price pegged somewhere north of $180,000.   Watch us test drive the Aston Martin DB11: Aston Martin Crossover SUV Luxury Performance

Aston Martin to replace Rapide with DBX crossover, Lagonda sedan

Aston Martin is known best for two-door coupes and convertibles, but it has a history with other body styles. And it looks like Aston's future includes more versatile door configurations. Speaking with Car and Driver at the New York Auto Show, the company's new CEO Andy Palmer reveals a two-pronged plan to replace the four-door Rapide. One will be a new Lagonda sedan; the other a production version of the DBX crossover concept. Detailing the overall strategy for the British automaker, Palmer said, "First is replacing the entire sports car range; second is the DBX, and that appeals to a different set of audiences; and the third is the sports sedan, which will carry [the Lagonda] badge." The Lagonda, Palmer revealed, will not be the Taraf we've already seen. Although sales of that model are expanding beyond its initial Middle Eastern market, it won't be coming to North America due to US crash-testing requirements and the vehicle's short production run. The next Lagonda sedan, however, is more likely to reach these shores. The DBX meanwhile is slated to switch to four doors from the coupe-like profile of the concept, but keep similar overall dimensions and that sleek roofline – albeit modified to make it more accommodating. The crossover will also replace the concept's electric powertrain with a more conventional engine. And while we wouldn't rule out the name carrying over, we wouldn't be surprised to see the DBX adopt another handle on the road to production.