2023 Aston Martin Dbx 707 on 2040-cars

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Aston Martin to cut up to 500 jobs to reduce costs

LONDON — British luxury carmaker Aston Martin plans to shed up to 500 jobs as it seeks to bring its cost base into line with reduced sports car production levels, it said on Thursday. The job cuts come just days after Aston Martin's second-largest investor reduced its stake in the company, and a week after it confirmed that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer. The 107-year old firm said the job losses reflected lower than originally planned production volumes and improved productivity across the business. An employee and trade union consultation process will be launched in the coming days. Aston Martin, famed for being fictional secret agent James Bond's car of choice, has seen its share price plummet since floating in October 2018. Last month it posted a deep first-quarter loss after sales dropped by almost a third due to the impact of the novel coronavirus outbreak. "The measures announced today will right-size the organizational structure and bring the cost base into line with reduced sports car production levels, consistent with restoring profitability," it said. It said its first sports utility vehicle (SUV), the DBX, which is key to boost volumes and appeal to new buyers including more women, remains on track for deliveries in the summer and has a strong order book. Aston Martin is also reducing costs and removing non-critical expenditure in other areas, including contractor numbers, site footprint, marketing and travel. It said the restructuring is expected to deliver total annual savings of about 38 million pounds ($47.6 million). Restructuring costs are expected to be about 12 million pounds. Shares in Aston Martin, down 78% over the last year, closed Wednesday at 68.9 pence, valuing the business at 1.05 billion pounds.  

1965 Aston Martin James Bond DB5 nets record $6.4 million at auction

Remember we told you how an original James Bond-spec Aston Martin DB5, used as a promotional vehicle for the 1965 Bond film “Thunderball,” was headed to auction? The one equipped with gadgets including a bulletproof rear glass shield, smoke screen and so forth? Well, the car just sold at RM SothebyÂ’s “Evening with Aston Martin” sale at Monterey for a final, record-shattering price of $6.385 million. ThatÂ’s after receiving an initial estimate of $4 million to $6 million. 1965 Aston Martin DB5 'Goldfinger'-spec View 30 Photos Also at Monterey, a DB5 Shooting Brake from the same model year, though not equipped with James Bond gadgetry, auctioned for a cool $1.765 million. It was one of just 12 ever built, and among only four built with a left-hand drive. It was expected to fetch $1 million to $1.4 million, so it was a good week for Aston, old chap. The Bond car was one of two 1965 DB5s commissioned by Eon Productions, the British film company, and used as promotions for “Thunderball.” Neither were used on screen, but they received all the gadgets from the film, installed by Aston Martin and built to actually be used and be reliable. In addition to the gadgets mentioned above, there are bumper overriders, front guns (!) and an oil slick dispenser, plus toggle switches, weapon drawer and tracking screen. 1965 Aston Martin DB5 Shooting Brake View 20 Photos RM SothebyÂ’s had previously sold the car in 2006 for $2.09 milling, but it then went through a complete restoration, including the gadgets, that was completed in 2012. Aston Martin last year announced it would be building continuation versions of the Bond 1965 DB5.  

A pair of different but awesome Hondas star in the latest Forza Horizon 3 car pack

Forza Horizon 3's ever-expanding car list grows again with its latest downloadable car pack. This time it packs a pair of Hondas from opposite ends of history. In fact they use opposite drive wheels, too. The first, representing the modern day and front-wheel drive, is the previous generation, 300-horsepower, 2016 Honda Civic Type R. From the early days of Honda automobiles, and with rear-wheel-drive, is the 1970 Honda S800. It has substantially less than 300 horsepower. The Civic Type R isn't the only hot hatch in the pack either. The Vauxhall Corsa VXR provides a European counterpoint to the Honda, albeit a bit smaller. It features less power – about 200 hp in all – but should be an excellent match to the Fiesta ST. The pack also features a couple of high-dollar, high-horsepower machines in the form of the 2017 Aston Marin DB11 and the 2016 Cadillac ATS-V. Plus, for fans of older cars, there's the rear-engined Renault Alpine GTA Le Mans, and a Holden with a really long name: the 1985 HDT VK Commodore Group A. View 7 Photos As usual, the pack is included with the Forza Horizon 3 Car Pass. Or, if you don't have the pass, the pack can be purchased on its own. Related Video: Image Credit: Turn10 Studios / Playground Games Toys/Games Aston Martin Cadillac Honda Videos aston martin db11 cadillac ats-v forza horizon 3 vauxhall corsa