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Aston Martin confirms Mercedes-AMG boss Moers to replace CEO Palmer

Aston Martin confirmed on Tuesday that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer, who stepped down on Monday. The Financial Times newspaper reported over the weekend that Palmer would step down, before he had been informed. A source familiar with the situation had also confirmed to Reuters the planned move. "The board has determined that now is the time for new leadership to deliver our plans," Lawrence Stroll, Aston Martin Lagonda's Executive Chairman said. The company said Moers, who will be based at its headquarters in Warwickshire, had built a reputation for transforming businesses in tough environments during his 25 years in senior roles at Daimler. Germany's Daimler AG owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines. "Under Tobias’ leadership, Mercedes-AMG has more than doubled its product portfolio and quadrupled the number of AMG units sold, with a clear pipeline of further expansion opportunities, especially in electrification of powertrains in the performance segment," Aston Martin said in a statement. "TobiasÂ’ focus on operating and manufacturing efficiency has delivered significant margin expansion. This strong financial performance was supported by the introduction of a clear brand management strategy, which delivered a measurable increase in brand value and awareness." Aston Martin has seen its share price plummet since floating in October 2018. The 107-year old British luxury carmaker earlier this month posted a deep first-quarter loss after sales dropped by almost a third due to the impact of the novel coronavirus outbreak. "All of my and TobiasÂ’ energy will be dedicated to building on the CompanyÂ’s inherent strengths, its brand, its engineering prowess, and the skills of its people to enable Aston Martin to become one of the pre-eminent luxury car brands in the world," Stroll said. Related video:

F1 to offer track rides with Alonso, Verstappen, Hakkinen

It's not often that a Formula 1 fan gets to experience what an F1 track feels like from the point of view of a racing driver. An in-car camera just goes so far, and tracks are not always open for the public, or even for track days. Now, a special Hot Laps program announced by Formula 1 and Pirelli means some lucky participants are able to take part in ridealongs on the same F1 tracks where all the racing action happens. The first two manufacturers that have announced their participation are Aston Martin and McLaren, and as a result the Vantage and 720S will be used in the program. More car manufacturers have reportedly signed up, and they will be named in the near future. The first Hot Laps will be driven at the 2018 Bahrain GP. The best is still to come. The professional racing drivers that have enlisted for the Hot Laps program are Daniel Ricciardo and Max Verstappen for Aston Martin, and the McLarens will be driven by Mika Hakkinen, Lando Norris, Fernando Alonso and Stoffel Vandoorne. Imagine being taken for a ride by such wheelmen! Just doing a grocery run with Alonso behind the wheel would probably be exciting enough, let alone getting a track experience. Of course, the one thing that hasn't yet been mentioned is the price. We can't imagine a lap can be very modestly priced in this case, but it will sure be a once-in-a-lifetime thing. Unless you can afford two laps, that is. Related Video: Motorsports Aston Martin McLaren Luxury Performance Pirelli Max Verstappen lando norris

Aston Martin DB11 AMR gets more power and carbon fiber

Aston Martin has pulled the wraps off the DB11 AMR, and the fact that it's just what we expected it'd be shouldn't diminish the impact of this ultimate (for now) DB11. But, if you're not down with AMR, a quick backgrounder for you: Early last year, Aston launched the Vantage AMR Pro and the Rapide AMR, the first salvos in a full broadside of AMR models that will encompass the entire range. There are two AMR subdivisions — AMR is handled by Aston's main design and engineering teams, while the Pros are handled by the Advanced Operations department. History aside, the DB11 sports a 30 horsepower bump, up to 630 horsepower. Previous AMR models made power bumps with new exhaust systems, and given the DB11 AMR's exhaust revisions, we wouldn't be surprised if some of the power increase came from the exhaust side of things. More to the point, the twin-turbocharged 5.2-liter V12 now scoots the DB11 AMR to 60 mph in just 3.5 seconds, and top speed is increased to 208 MPH. Unspecified suspension and chassis changes are claimed to deliver "a greater sense of connection without harming the supple ride," Aston claims, and we've no reason to doubt it. A new transmission calibration rounds out the dynamic changes. On the visual side of things, there's much more exposed carbon fiber and a smattering of gloss black detailing, smoked tail lamps, and dark, monotone leather/Alcantara draped throughout the interior. It's darker, a bit harder-edged, and sportier, but very much in the vein of Aston's careful balancing act between conveying athleticism visually while maintaining a degree of traditional British comfort and decadence. The eye-popping, dayglo accents on some color combinations seem more Nike shoe than grand tourer, but that's AMR's thing. The U.S. MSRP will be $241,000, and the cars will be delivered to owners in summer 2018. The extremely limited edition Designer Specification cars, offered in Stirling Green with lime accents, will be limited to 100 units globally and are $29,000 more. If you want one of those, you should probably get on the horn with your Aston dealer right now. Related Video: