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Billionaire Lawrence Stroll reportedly seeks major stake in Aston Martin

LONDON — Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported, sending the carmaker's battered share price up nearly 15% on Thursday. The British sports car maker's share price has slumped since its initial public offering in October last year. The shares launched at 19 pounds ($24.50) before dropping for months and languishing at around 5 pounds for weeks as sales have failed to meet expectations. Its major shareholder is Strategic European Investment Group from Italy, which holds about a third of the company. Stroll is the father of Formula One driver Lance Stroll, and is also famed for his car collection, regarded as one of the best collections of Ferraris in the world. Stroll is heading up a consortium looking to take a "major shareholding" in Aston Martin, Autocar said on Thursday. Two weeks ago, Aston unveiled the DBX, its first SUV, and is pinning its hopes on the model's success. Aston Martin declined to comment. Racing Point did not immediately respond to an emailed request for comment. The carmaker's shares were up nearly 15% at 5.79 pounds Thursday.  

Aston Martin and Daimler continue talks on SUV project, CEO required

The Aston Martin Lagonda SUV concept revealed at the 2009 Geneva Motor Show didn't earn the plaudits the company is used to when it reveals new models, and it has lived an uncertain life ever since. Thought to have been scrapped along with the entire revival of the Lagonda brand, then thought to have been resurrected due to Chinese, Middle Eastern and Russian demand, another year passed before we heard more definitive talk about an Aston Martin expansion when AutoCar reported that the Lagonda could be built on one of Mercedes-Benz's AMG SUV platforms.
A report in Automotive News Europe indicates plans have gotten serious, its unnamed sources saying that the English carmaker is talking to Daimler "to extend their cooperation to building an SUV." Neither Daimler, Aston Martin nor Investindustrial, the managing partner among Aston Martin's ownership consortium, would comment. But with Investindustrial having pledged to expand the range, competitors like Bentley, Maserati and Lamborghini getting into the SUV racket and clear demand from current and future customers, it's easy to believe Aston Martin is working hard to put the pieces together.
One further potential bump on the road to an Aston SUV is the company's search for a new CEO. Ulrich Bez relinquished to top spot at the company at the end of 2013, and Aston reportedly will not finalize its model strategy without a new CEO in place.

Episode 2 of The Grand Tour will feature knives, explosions, guns, and also cars

Following an immensely successful debut, The Grand Tour will follow up its first episode with exciting, dangerous things. Based on the trailer above, the episode will start peacefully enough with the trio driving up to the tent in South Africa with a convoy of off-road trucks. However, it seems each segment will be much more exciting. Right at the start of the trailer, there are clips of the Aston Martin Vulcan, a 7.0-liter, 820-horsepower V12 supercar, which will likely be the car tested at the "Ebola-drome" this week. Of course the car is communist because it doesn't have a V8. Then things get steadily more dangerous through the trailer. James May is shown as a somewhat unwilling participant at some sort of drifting exhibition. He apparently doesn't like tire smoke in the evenings. We also see that the trio went to Jordan for another segment. This is when we get a glimpse of Richard Hammond playing with large knives. Immediately following are clips of some sort of car chase challenge with large SUVs and luxury sedans, during which James May shoots an assault rifle out the back of an Audi S8. The shooting results in big explosions. It's worth a look yourself, to get in the mood for the next episode which hits Amazon on Friday. Related Video: