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Canadian billionaire Lawrence Stroll leads $240 million Aston Martin investment

After months of rumors and speculation, Canadian billionaire Lawrence Stroll confirmed he led the purchase of a 16.7% stake in Aston Martin for GBP182 million ($239 million). The investment is part of a GBP500 million ($656 million) round of emergency funding that will help the British automaker overcome serious financial challenges. Yew Tree Overseas Limited, a consortium of international investors led by Stroll, built its stake by buying 45.6 million new ordinary Aston Martin shares on the London Stock Exchange, according to Autocar. Aston Martin raised the remaining GBP318 million ($417 million) by giving existing investors the opportunity to buy more shares, the BBC learned. It's not a full bailout, but it's close. Aston Martin ended 2019 in dire financial straits. Stroll will replace Penny Hughes as Aston Martin's chairman; CEO Andy Palmer is expected to keep his job. Several sources confirmed the Racing Point Formula One team owned by Stroll will be rebranded Aston Martin after the 2020 season, and Autocar reported the company will quickly need to eliminate jobs and slash costs. "The difficult trading performance in 2019 resulted in severe pressure on liquidity, which has left the company with no alternative but to seek substantial additional equity financing. Without this, the balance sheet is not robust enough to support the operations of the group," Hughes admitted in an interview with the BBC. Stroll's' appointment to the Aston Martin board comes as the company prepares to overhaul its product plan. It notably confirmed the rumors claiming it put the battery-powered Rapide project on the back burner until further notice, and it delayed plans to revive the Lagonda nameplate on a series of extra-luxurious electric vehicles until after 2025. The first car was originally scheduled to reach the market in 2022, but the battery technology is expensive to develop, and Aston must save about 10 million pounds (around $13 million) annually. The firm will instead focus on mid-engined sports cars. Still according to Autocar, it will begin delivering the 1,160-horsepower Valkyrie hypercar this year, and it's on track to launch the Valhalla in 2022. The Vanquish will go mid-engined shortly after. Delaying electric cars doesn't mean abandoning electrification, and Aston Martin hopes to release "a fuel-efficient, modular V6 engine with hybrid capabilities" by the middle of the 2020s.

Continuation Aston Martin DB4 GTs unleashed at Silverstone track day

The first customers for the Aston Martin DB4 GT continuation cars have now gotten to experience track time in them. Aston arranged a customer track day at Silverstone, with five continuation GTs stretching their legs on the legendary circuit. The continuation cars are a 25-car run built by Newport Pagnell's Aston Martin Works, after the original 1959 recipe. The manufacturer has dedicated a two-year international track driving program for the cars, and the next event after Silverstone will be the Rockingham circuit in the UK on June 21. The third track day will take place in Le Mans on July 27 — more tracks will be announced later. The events have driving trainers to instruct DB4 GT owners about handling their cars the way they are supposed to, or as Aston's press release puts it: "They will help customers master driving techniques from an era when track driving was more art than science." Well put. One of the instructors is Aston Martin Racing driver Darren Turner, three-time Le Mans class winner. If you can't quite swing it to get yourself a real continuation Aston, there's also a more modern opportunity waiting to be seized: a DB5 replica based on — of all things — a Honda S2000. As its dimensions are just a bit off, the car seems to be a cross between The Car and a David Brown Speedback, and it retains the S2000 interior. The asking price is an eye-watering $95,000, which is still a lot less than a continuation DB4 GT. Related Video: Featured Gallery Aston Martin DB4 Continuation Silverstone trackday News Source: Aston Martin Aston Martin Coupe Luxury Performance Classics

James Bond Aston Martin Lego kit coming soon from Denmark with love

It's a good time to be a Lego fan and a car enthusiast. We've got little Speed Champions models of Le Mans race cars and classic sports cars, and intricate big models ranging from the VW Beetle to the Bugatti Chiron. The streak continues soon with a new kit announced by Aston Martin's Twitter page. Apparently Lego will be making a kit based on a car from one of the James Bond films. It's been 'driving' us wild with excitement and now we're nearly ready to reveal this powerful creation! #LicenceToBuild pic.twitter.com/KYHiHxlcR0 — Aston Martin (@astonmartin) July 3, 2018 The thing is, the cover art doesn't actually show what car will be used. There are quite a few Astons to pick from, too. You've got the most recent one, the DB10 from "Spectre." Then of course the DBS from " Casino Royale" and " Quantum of Solace." Oh, and how could anyone forget the missile-launching, active-camouflaging Vanquish from "Die Another Day"? View 61 Photos If we're being honest, though, there's only one Aston Martin that is truly exemplary of Bond, and that's the DB5 from "Goldfinger." It's timelessly cool, has all the gadgets, and keeps reappearing in more recent Bond films. As such, there would be no better place to start for a Lego James Bond car kit. And, since the kit will be a Creator Expert series model, we can imagine it having functioning gadgets such as the revolving license plates and the ejector seat. Man, this kit could be so cool. Hopefully we don't have to wait long to see all the details. Related Video: Image Credit: Aston Martin, RM Sotheby's Toys/Games TV/Movies Aston Martin Coupe Performance Classics Lego