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Overnight action from the 24 Hours of Le Mans
Sun, 23 Jun 2013We won't go into a recap here, but there are still leading positions being fought for in all classes - it's so close that leads are changing when a car goes into the pits. We'll let the recap wait until the end of the race, so for now enjoy some shots from last night's action at the 24 Hours of Le Mans.
Aston Martin to cut up to 500 jobs to reduce costs
Thu, Jun 4 2020LONDON — 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. Â
2020 Aston Martin DBX is an Aston you won't be afraid to put your dogs in
Thu, Oct 17 2019Most Aston Martins, being two-door coupes, aren't necessarily cars in which you'd want to bring your four-legged friends. But the 2020 Aston Martin DBX crossover isn't a typical Aston. Not only does it have space for large dogs and other pets, but Aston is offering a selection of accessories in a Pet Pack to make travel more comfortable for furry companions. It includes a divider to keep your pets in the cargo area, and a lovely gray fabric and saddle brown leather bed for them to lie on. A fabric bumper guard can fold out to protect paint from stray claws, and a portable washer will let you clean up your dogs after a muddy romp. There are even pet bowls for food and water. The Pet Pack is one of a few accessory packages Aston is showing off for the DBX even before we've seen the crossover officially revealed. One of the other unique packages is the Event Pack, which comes with a picnic hamper, blanket, chairs and extra umbrella storage. Then there's the Snow Pack that, in addition to a ski bag, ski rack and snow chains, comes with boot warmers. Aston will also offer custom leather trimmed child seats for families. And of course there are a variety of interior organizers and custom luggage options for general odds and ends. Pricing and availability haven't been announced yet. That information will come along with the official reveal of the DBX this December.
