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Major Aston Martin shareholder cuts stake in British carmaker

A top Aston Martin shareholder cut its stake in the British carmaker by nearly 5%, a regulatory filing showed on Monday. Italian private-equity firm Investindustrial Advisors Ltd disclosed a stake of 14.99% in Aston Martin as of May 29, compared with its previous stake of 19.92%. It was not immediately clear why the fund cut its stake.  Investindustrial is the company's second-biggest shareholder after Canadian billionaire Lawrence Stroll, according to Refinitiv Eikon data. The 107-year old luxury carmaker in May posted a deep first-quarter loss after sales dropped by almost a third due to the impact of the novel coronavirus outbreak. Aston Martin and the PE firm did not immediately respond to requests for comment. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D'Silva) Related Video:

2017 Aston Martin DB11 First Drive

England's history is filled with war. The last 70-plus years of peace and prosperity are an anomaly. Aston Martin, the nation's only independent carmaker, has similarly weathered strife – often of the financial variety – for most of its existence. Now Aston seeks stability. Its plan calls for new vehicles, a crossover even, and some electric propulsion for good measure. This is still a few years away. To get there, Aston will rely on its specialty, the sports car. Enter the 2017 Aston Martin DB11. While the company transitions, the latest in the DB line is already transformed. It's the successor to the 13-year-old DB9 (the DB10 was James Bond's car in Spectre) and has a new V12 with twin turbos cranking out 600 horsepower. The car is based on a new aluminum architecture that's lighter and stiffer than the DB9's, so the DB11 handles better. Naturally, the design is striking. That's not a cliche. Is all of this enough to sway some Ferrari, Porsche, and Bentley loyalists to Aston's fold? We've come to the gorgeous Italian region of Tuscany to find out. Taking the wheel on a sun-drenched morning, we head for Monte San Savino where a rustic lunch awaits. The V12 immediately grabs our attention. The note is buzzy at first, grows agitated, and then the sound morphs into a growling shout. Naturally aspirated engines are more visceral, but the DB11's turbo 12 is nothing to scoff at. The car sounds best in Sport Plus mode, which gives the engine and eight-speed transmission their most aggressive character. We lay on the throttle and the DB11 shoots forward, its long hood pointing the way through the countryside. The names of the villages roll off the tongue as the signs blur. Montisi. Montalcino. Trequanda. Florence and Pisa lay tantalizingly just outside of our route. Romantic as they sound, it's easy to resist Italy's magic. Its drivers are frickin' crazy. Thankfully, the DB11 has quick reflexes. The steering is moderately weighted, and the suspension stays flat and controlled even when we urge the car aggressively through tight curves. The sticky 20-inch S007 Bridgestone tires stay planted and keep us confident. Things only get unruly during hearty acceleration that causes the tail to come out. It happens rather easily. Most of the time the ride is a comfortable experience, as we expect from a grand tourer. With the sedate GT mode locked in, we examine the cabin. Our DB11 has subdued black leather accented by gold stitching.

You can buy this gorgeous one-off Aston Martin Jet 2 Bertone shooting brake

It was the last project built by Italian coachbuilder Bertone before it went bust, a one-off project designed and commissioned by the man who drove a 1954 Aston Martin DB2/4 around the world in 80 days, and now's your chance to buy it alongside the full-size clay model and fiberglass mold that preceded it. We’re talking about the Aston Martin Bertone Jet 2+2, a wagonized Rapide that we last saw at the Geneva Motor Show back in 2013. It was built in homage both to AstonÂ’s centenary and to mark six decades of cooperation between the automaker and the Italian design house. At the time, the identity of the client who commissioned it was kept secret. ItÂ’s being offered for sale by Barry Weir, the British motoring enthusiast famous for his four-continent, 22-country, 34,000-mile world rally record, set in 2000. He designed the shooting brake based on the Rapide saloon, added a rear hatch, full-length tinted glass roof and sliding rear floor, and got it approved by Aston, which reportedly intended to put the car into production after Bertone built 10 of them. But that never happened, as Bertone folded operations after this project. View 10 Photos Nevertheless, Weir says he found the fiberglass molds and clay model used to build the car earlier this year on auction in Italy while browsing the web. He managed to negotiate their removal from the auction and bring them back to the U.K., and heÂ’s even offering to sell the tooling set separately. “IÂ’m minded to sell the complete package, and the buyer can choose what they wish to do with it,” Weir says. “They could reproduce the moulds and model or, alternatively, have it as a one-off production car which is registered as Aston Martin Jet 2; which is a new model.” The finished product is said to share 70% of its DNA with the Rapide, including the stock 6.0-liter V12, offering 476 horsepower, and the same wheelbase and a nearly identical curb weight to the donor car. Inside, it features a 2+2 setup with four individual seats, the two in back foldable at the press of a button to make for hauling stuff, and Bertone gave the interior some wood, glazed aluminum and two-color leather trim, per request of Weir, whose name is etched on a plaque inside the cabin. The total design and build took around 3 1/2 months. Related Video: