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GM says second recalled ignition switch was made in China

The defective ignition switch that led General Motors to recall an additional 3.4 million large sedans earlier this month was manufactured in China, according to a report filed with safety regulators obtained by Reuters. The switches can be knocked out of the run position, much like those affecting the Chevrolet Cobalt and other GM small cars, turning off the engine and safety systems like the airbags. Unlike GM's previous ignition switch recall, though, this latest issue will see dealers simply modify the key rather than replace the ignition switch outright, despite the fact that the switches were "slightly" below torque specifications. If what GM is claiming about this switch's origin is true, it'd mark the second high-profile recall of a part manufactured in China, following Aston Martin's (relatively) huge recall due to faulty accelerator arms in over 75 percent of the cars it had built since 2007. For what it's worth, from our perspective, the link between the Aston plastics and this GM switch seems just a bit too tenuous for us to put a lot of stock in GM's problems stemming from the location of its parts supplier, especially when the related investigation into its corporate culture has resulted in so many other culpable actors. Featured Gallery 2008 Buick Lucerne CXL Special Edition News Source: Reuters Recalls Aston Martin GM Safety supplier gm ignition switch recall gm safety ignition switch

Aston Martin reveals new V12 Vantage S Roadster as its fastest droptop to date

You have to hand it to Aston Martin. Its entry-level V8 Vantage may be nearly a decade old, but the British automaker never tires of rolling out ever more powerful versions. Where the original packed a 4.3-liter V8 derived from a Jaguar design and producing 380 horsepower, this latest version packs 565 hp to become the company's quickest and fastest roadster to date, not to mention its most powerful. Following the debut of the V12 Vantage S coupe, the new V12 Vantage S Roadster packs the most powerful iteration of Aston's ubiquitous 6.0-liter V12 engine to date. Equipped with CNC-machined combustion chambers and hollow camshafts, unburdened of 44 pounds of excess weight and mated to Gaydon's latest Graziano-developed Sportshift III seven-speed sequential gearbox, that engine is capable of propelling the open-top rocket to 60 in 3.9 seconds en route to a top speed of 201 miles per hour. That's considerably quicker than the flagship Vanquish Volante, which runs to 60 in 4.1 seconds and tops out at 183 mph, painting the V12 Vantage S Roadster as Aston's most performance-focused droptop to date. It's also got a flatter and fatter torque curve than the previous V12 Vantage Roadster, three-stage adaptive damping, three-stage stability control and two-stage ABS, carbon-ceramic disc brakes and a lightweight exhaust derived from the pipes on the One-77. Like what you see? There are more details to digest in the press release below, including a full range of customization options from the Q by Aston Martin catalog. ASTON MARTIN V12 VANTAGE S ROADSTER – AN OPEN INVITATION TO EXCITEMENT - Debut of the luxury brand's most potent and exhilarating roadster yet - 6.0-litre V12 engine: 565 bhp and 620 Nm delivers 201 mph top speed - Supreme agility and intense excitement characterise new model Aston Martin is opening up a new world of exhilarating driving excitement with the announcement of the hotly anticipated V12 Vantage S Roadster. When it arrives in markets around the world later this year the new sports car will become the luxury British marque's most potent, fastest and fastest-accelerating series production roadster to date and follows in the broad tyre tracks of the V12 Vantage S Coupe that was launched to worldwide acclaim in 2013.

Aston Martin's lifeline buys carmaker time as SUV hits road

Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. Stroll agreed to buy up to 20% of the 107-year-old company and will become executive chairman of James Bond's automaker of choice, which has gone bankrupt seven times in its checkered history. A consortium led by Stroll will invest 182 million pounds($239 million), whilst major existing shareholders - primarily Italian and Kuwaiti private equity groups - will be part of a rights issue to raise 318 million pounds. "It likely gives them enough liquidity to tide them over for a couple of years," said Charles Coldicott, Redburn equity research analyst. Outgoing chairwoman Penny Hughes, who will be replaced by Stroll, spelt out the degree of trouble the firm has been in after core sales fell last year. "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," she said. "Without this the balance sheet is not robust enough to support the operations of the group." Now Aston will need to turn the financial lifeline into part of a sustainable plan as it delays investment in electric vehicles and cuts its operating costs. A key future milestone includes around 1 billion pounds worth of debt due to mature in 2022. The company also suffers from lower gross margins than rival Ferrari, according to analysts at Jefferies, who have said scaling up is just as important as extra capital. Key to the company's success is its first foray into the lucrative SUV market, a late entrant compared to many rivals such as Volkswagen-owned Bentley and BMW's Rolls-Royce. Aston has built a new factory in Wales to make the model, known as the DBX, which it hopes will attract more women to the brand and some buyers to purchase both it and a vehicle from its traditional line-up. With the DBX model not due to roll off the production line until the second quarter of this year, the firm has taken the cost with only some of the benefit so far. Based in central England, Aston said earlier this month that it already had around 1,800 orders for the car which will retail for 158,000 pounds in Britain, a "materially better" rate than for any previous models.