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Aston Martin makes RapidE electric car a limited edition after LeEco pulls out

Aston Martin was forced to scale back production plans for its first electric model after cash-strapped investment partner LeEco pulled out of the project, Chief Executive Andy Palmer told Reuters on Monday. The result, though, may be an even more exclusive car, aimed at customers who consider Tesla's top of the range $130,000 Model S to be a little too run of the mill. Aston Martin will build only 155 of its RapidE, about a third of the initial plan, and lean more heavily on Formula One engineering specialist Williams after the withdrawal of Chinese TV and smartphone vendor LeEco, Palmer said. The setback and Aston's response underscore the challenges and risks niche carmakers face as they scramble to address future demand for electrification from consumers and regulators. While the privately held Aston Martin brand benefits from the endorsement of fictitious spy James Bond, it lacks the backing of a large automotive parent that many rivals enjoy. "We've decided to make this car rare, which will obviously tend to push the price higher," Palmer said. "Aston Martin now plans to proceed independently, funding further development of RapidE by ourselves." Palmer agreed to be interviewed after sources told Reuters Aston Martin's partnership with LeEco had unraveled. Unveiling the alliance in February last year, LeEco and Aston pledged to launch an all-electric version of the Rapide S sedan in 2018. But the Chinese conglomerate has since slashed its electric car investments, including its U.S. startup Faraday Future's planned $1.3 billion factory in Nevada. Some Faraday suppliers, including seat maker Futuris and media provider Mill Group, have sued the company for non-payment, according to court records. Spokesmen for LeEco and Faraday did not respond to requests for comment on the end of the Aston partnership. Aston Martin declined to discuss its partner's business. $250,000 PRICE TAG Aston returned to profit in the first quarter, a decade after it was sold by Ford. Now owned by private equity groups Investindustrial and Kuwait's Investment Dar, the company is rolling out a new model each year under a taut recovery plan drawn up by Palmer, who joined from Nissan in 2014. Without LeEco's backing, the sports carmaker, based in Gaydon, Warwickshire, is pushing ahead as sole investor in the electric car, after paring down production and pushing back the launch date to 2019. The plan won board approval on June 21.

Aston Martin DBS 59 limited edition celebrates 1959 Le Mans victory

David Brown — the "DB" in Aston Martin model names — first tried to put his company on the top step of Le Mans in 1949 with the DB2. It took 10 years, the DBR1 winning the world's most prestigious 24-hour race in 1959 with Carroll Shelby and Roy Salvadori behind the wheel. The second DBR1 came in right after, driven by Paul Frere and Maurice Trintignant. To celebrate the 60-year-old victory, Aston Martin Cambridge commissioned Q by Aston Martin to build a special-edition DBS Superleggera called the DBS 59. Finished in Aston Martin Racing Green, bronze detailing recalls the classic race car, while carbon fiber calls out to modern ones. The Aston Martin and Superleggera badging, front grille surround, and brake calipers are finished in a burnished yellow hue, the 21-inch forged wheels splashed with a contrasting bronze. A yellow arrow adorns the tire wall, a painted 5 inside a roundel adorns the fender underneath a Q by Aston Martin badge. Behind the rear aeroblade, bronze foil inlay lists the chassis and engine numbers of the DBR1. The roof gets gloss black carbon fiber. In the Chestnut Tan and Obsidian Black cabin, Q by Aston Martin re-created the original weave on the DBR1 seats to trim the seatbacks and door cards. The shift paddles and 59 Edition embroidery are finished in bronze, the speaker grilles embroidered with a circuit outline. A stitched note on the sun visor lays out the race details. Buyers who wish to go further can purchase a replica open-face racing helmet and goggles, facsimiles of Carroll Shelby's racing gloves, and a period-correct blue race suit. Only 24 examples will be created, one to honor each hour of the race. They'll be available exclusively through Aston Martin Cambridge.

David Brown Automotive Speedback GT launches in US

Just over a year ago, the Sportback GT debuted from coachbuilder David Brown Automotive to combine the classic lines of the Aston Martin DB5 with modern underpinnings. Now, the luxurious British coupe is making its way across the pond for a US debut later this summer. With a price of $753,000, you're not going to see these coachbuilt creations on every corner. To make sure that the GT catches the eye of the right clientele, the company is premiering it during the swanky event at The Quail during the 2015 Monterey Car Week in August. Despite the retro look on the outside from former Land Rover designer Alan Mobberley, much of the mechanical underpinnings for the Speedback GT are sourced from the Jaguar XKR. Propulsion is provided by a 5.0-liter V8 making 510 horsepower and 461 pound-feet of torque and linked to a six-speed automatic. Inside, passengers find quite posh surroundings with leather upholstery with wood trim. DAVID BROWN AUTOMOTIVE LAUNCHES STUNNING SPEEDBACK GT TO EAGERLY ANTICIPATED AMERICAN MARKET 13/05/15 Following huge success in Europe, Speedback GT launches in the USA for GBP495,000 (currently $753,000) Speedback will showcase the best of British craftsmanship to American audience at the exclusive Quail Motorsports Gathering rally and concours event Announcement of North American launch rounds off Speedback's recent 1st anniversary celebrations since its European unveiling Coventry, England (May 2015): Launched in March 2014, Speedback GT from David Brown Automotive heralded a new era for GT models, showcasing a classically styled car with modern mechanicals, reliability and comforts. Designed, engineered and hand-crafted in Britain, Speedback GT is now launching officially in the United States, after triumphing in Europe both via media reaction and sales. Displaying at The Quail, the famed motorsports gathering located at Quail Lodge in California, the event will be the perfect place to demonstrate Speedback GT's merits to the American media and public for the first time. Initially showcasing at the Quail Rally Welcome Reception on 10th August, it will participate in the Rally on 11th and 12th August before the main Quail event on 14th August where it will feature on a stand. Company founder and CEO David Brown said: "It's been a fantastic year for Speedback GT since its launch.