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Aston Martin not actively pursuing new investors as opens SUV plant

ST ATHAN, Wales — Aston Martin, which was reported this week to be the target of Canadian billionaire Lawrence Stroll, said it was not actively pursuing new investors on Friday as it opened a new factory to build its first sport utility vehicle. As some in the global car industry turn to partnerships, alliances or mergers to handle the challenge of electrification, new technology and tighter margins, Autocar magazine reported on Thursday that Stroll, the owner of Formula One team Racing Point, is preparing to buy a major stake in Aston. "You know what we would have to do if there was an official approach. Beyond that, I can't comment," Aston's chief executive Andy Palmer told Reuters at the factory opening, referring to rules governing publicly-listed companies. "We're certainly not actively soliciting any other participation. That's not to say it doesn't come," he said when asked whether Aston needed a new investor. The British automaker's new factory in south Wales holds the key to ending a poor performance this year from Aston, whose shares have tumbled 75% this year on weaker-than-expected sales. In August, Aston's biggest investor, Strategic European Investment Group, bought an extra 3% stake in the 106-year-old company, whose second largest shareholder is a Kuwaiti investor. Last month Aston, which floated in October 2018, launched its DBX model, hoping that more female buyers will help boost sales after posting a pre-tax loss of 92.3 million pounds ($118 million) for the first nine months. It hopes its new factory, in St Athan, near Cardiff, will help turn around its fortunes. The plant is its second alongside its historic one in Gaydon, central England. As the autos sector consolidates through deals such as the merge of Peugeot and Fiat, Aston has said it does not need to belong to a bigger automotive group, pointing to the success of stand-alone rival Ferrari. Palmer said the small stake held by Germany's Daimler allows Aston to have access to technology and benefit from the speed at which it can operate independently. "There is a perfectly rational route to success in our current state," he said. Reporting by Costas Pitas.

Aston Martin Victor is a one-off Q build inspired by the original V8 Vantage

Aston Martin’s Q division should be taken very seriously. It just turned out this stunning one-off custom model named the Aston Martin Victor. The Victor is based on a One-77, and itÂ’s the biggest project Q has ever taken on. Aston used the V8 Vantage of the 1970s and 1980s as the design inspiration for the Victor, making it look like a resto-mod Aston Martin. We dig it, a lot. The styling is massively different than a One-77 from front to back, as Aston has gone over every surface of this car. Our favorite highlights include the round headlights, Vulcan-inspired taillights, and boattail rear with its massive, upturned spoiler. It walks the Aston line of being beautiful and aggressive at the same time, with the emphasis on aggression in this build. The paint is called Pentland Green, and itÂ’s complemented by a whole lot of satin carbon fiber. The carbon-fiber monocoque chassis is adapted from the One-77. However, the new carbon-fiber body weighs less than that of the original One-77. Under the sculpted hood sits a 7.3-liter V12. ItÂ’s also from a One-77, but itÂ’s been heavily breathed upon by Cosworth. Output is bumped up to 836 horsepower and 606 pound-feet of torque, increases of 86 and 53 respectively. And then thereÂ’s the transmission. Aston converted it to a genuine three-pedal six-speed manual. The gearbox comes courtesy of Graziano. It requires new twin coolers to handle the heat and a motorsport clutch to handle the torque.  Shifting is done with a solid walnut knob, and itÂ’s simply beautiful. Forest Green “Conker Bridge of Weir” leather covers the cabin where you donÂ’t see exposed carbon fiber. Cashmere is used for the headliner, while anodized aluminum and polished titanium serve in concert with walnut wood for the interior trim. Yeah, it was probably extremely expensive. This car should handle spectacularly well, too. It uses the same inboard dampers and springs as the Vulcan, allowing for six settings of aggression. Aston says it was tuned to ride well on the street in addition to a racetrack — after all, it is road legal. Center-lock wheels are fitted, and six-piston Brembo brakes with carbon-ceramic rotors sit within them. Aston says it produces even more downforce than a Vantage GT4 racecar, so itÂ’s a serious track monster. We donÂ’t know how much it costs, but whoever commissioned the build is certainly extravagantly rich. Related video:

The mood at this year’s Paris Motor Show: Quiet

The Paris Motor Show, held every other year in the early fall, typically kicks off the annual cavalcade of automotive conclaves, one that traverses the globe between autumn and spring, introducing projective, conceptual and production-ready vehicle models to the international automotive press, automotive aficionados and a public hungry for news of our increasingly futuristic mobility enterprise. But this year, at the press preview days for the show, the grounds of the Porte de Versailles convention center felt a bit more sparsely populated than usual. This was not simply a subjective sensation, or one influenced by the center's atypically dispersed assemblage of seven discrete buildings, which tends to spread out the cars and the crowds. There were not only fewer new vehicles being premiered in Paris this year, there were fewer manufacturers there to display them. Major mainstream European OEM stalwarts such as Alfa Romeo, Fiat, Nissan and Volkswagen chose to sit out Paris this year, as did boutique manufacturers like Bentley, Aston Martin and Lamborghini. This is not simply based in some antipathy on the part of the German, British and Italian manufacturers toward the French market — though for a variety of historical and societal reasons that market may be more dominated by vehicles produced domestically than others. Rather, it is part of a larger trend in the industry. Last year, Mercedes-Benz announced that it would not be participating in the flagship North American International Auto Show in 2019 — and that it might not return. Other brands including Jaguar/Land Rover, Audi, Porsche, Mazda and nearly every exotic carmaker have also departed the Detroit show. Some of these brands will still appear in the city in which the show is taking place, and host an event offsite, to capitalize on the presence of a large number of reporters in attendance. And even brands that do have a presence at the show have shifted their vehicle introductions to the days before the official press opening in an attempt to stand out from the crowd. In many ways, this makes sense. With an expanding number of automakers, with diversification and niche-ification of models and with wholesale shifts that necessitate the introduction of EV or autonomous sub-brands, there is a growing sense that, with everyone shouting at the same time, no one can be heard.