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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 DB11 AMR coming very soon

Car manufacturers usually keep a very tight lid on upcoming product news, but because they are run by humans, mistakes are made. In this case, Aston Martin posted a link on their home media website to a page about the upcoming DB11 AMR, which we have no doubt will be the latest in the company's limited production AMR line of cars. Though they took the link down the same day, the linked page still exists and functions. There isn't really anything to see at the moment, because any assets are locked behind a password. We also reached out to Aston for information regarding the new model, but we didn't hear back from the company. Still, it's not hard to predict what this DB11 AMR will be like, since we have the preceding Rapide AMR, V8 and V12 Vantage AMRs, and the Vantage AMR Pro from which to extrapolate. It will probably have a paint scheme involving a slender center stripe, with different choices for body and stripe color. Certainly one of the color options will be the pale metallic green with a lime green stripe combo found on Aston Martin race cars. The only non-Pro AMR model to see any kind of power boost was the V12 Vantage AMR, and that was an increase of 30 horsepower, so there's a possibility the DB11 will see a mild power boost, too. The interior will likely feature loads of carbon fiber and a color-coordinated interior. In addition to its various visual updates and possible performance upgrades, the DB11 AMR will undoubtedly be extremely limited production. The Vantage AMRs numbered 300 units total, 200 of which were the V8 and 100 were the V12. The Rapide AMR run consisted of just 210 cars. Since the DB11 is available with two engines, a V8 and a V12, we could see Aston offering 300 total units split between the two engines options. And again, since the web page is still up, we expect the car will break cover very soon. Related Video: Featured Gallery 2017 Aston Martin DB11: First Drive View 58 Photos Image Credit: Aston Martin Aston Martin Coupe Performance Supercars aston martin db11 aston martin amr aston martin db11 amr

Porsche Taycan is here, Lamborghini Sian is near | Autoblog Podcast #594

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor Alex Kierstein and Senior Editor, Green, John Beltz Snyder. They start the conversation with the cars they've been driving, including the Subaru Forester, Lincoln Navigator, Mercedes-AMG C 43 and Subaru Crosstrek Hybrid. Then they talk about the biggest news of the week: the reveal of the all-electric Porsche Taycan. After that, they sweep up other news, like the Lamborghini Sian, new Nissan Juke and the Aston Martin Vanquish 25 by Ian Callum. Next, Autoblog's Erik Meier, who both produces this very podcast and also hosts our Twitch livestream, joins the chat with his impressions of the latest racing game, "WRC 8." Finally, our editors try to provide some helpful guidance in the "Spend My Money" segment. Autoblog Podcast #594 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving 2019 Subaru Forester 2019 Lincoln Navigator 2019 Mercedes-AMG C 43 Coupe 2019 Subaru Crosstrek Hybrid Porsche unveils 2020 Taycan Turbo and Turbo S 2020 Lamborghini Sian Next-generation Nissan Juke Aston Martin Vanquish 25 by Ian Callum Autoblog plays "WRC 8" Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:     Green Podcasts Toys/Games Aston Martin Lamborghini Lincoln Mercedes-Benz Nissan Porsche Subaru Used Car Buying Coupe Crossover SUV Electric Hybrid Performance