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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:

Aston Martin Vantage F1 Edition adds more power, downforce

Well, it seems we were onto something, Aston Martin really did give us a pace car edition of the Vantage. Or, in F1 parlance, a safety car edition. It's technically called the Aston Martin Vantage F1 Edition, and fortunately, it's not just a Vantage with a fancy paint job. It actually boasts several performance improvements that it shares with the real safety car. You can even see some of those upgrades. The car features a front splitter and canards, rear wing, and under body tweaks. They all allow the F1 Edition to make an additional 441 pounds of downforce at top speed over a standard Vantage. Though not majorly affecting performance, the Vantage F1 Edition also receives a slatted grille, carbon fiber accents, quad-tip exhaust, exclusive 21-inch wheels, and a matte dark grey stripe. Only three colors are available, Aston Martin Racing Green, black and white, all three of which can be matte or gloss. Inside, the car gets black leather and grey Alcantara with your choice of green, black, grey or red stitching and center stripe. The F1 Edition gets extra power, too. The twin-turbo 4.0-liter AMG V8 makes 527 horsepower, an increase of 24, though torque is unchanged at 505 pound-feet. An eight-speed automatic is the only transmission available, and Aston Martin says it has been retuned to shift faster. Acceleration and top speed don't change, with 0 to 60 happening in 3.5 seconds for the coupe and 3.6 seconds for the roadster. The coupe's top speed is 195 mph and the roadster's is 190. Besides the extra grunt, the F1 Edition gets stiffer springs and retuned shocks along with a steering rack that Aston says provides better feedback. To pick up one of these upgraded Vantages, you'll need $162,000 for the coupe. Pricing hasn't been given for the roadster, but it will likely cost a bit more. Aston is taking orders now, and cars will be delivered to customers and dealers starting in late summer this year. Related Video: Aston Martin DBX in Stirling Green | On road, off-road and on the track

Aston Martin Bulldog gets another chance to wedge its way past 200 mph

Tell us if this sounds familiar: In the mid-1970s, Aston Martin decided it wanted to prove its engineering prowess by building a car that would hit 200 miles per hour, so company designer William Towns penned the Bulldog DP K9 concept; in 1980, Aston Martin test drivers took the Bulldog to 191 mph at the MIRA test track, but the company was short on cash, so when Victor Gauntlett bought a 10% stake in the company and became chairman in 1981, he canceled the Bulldog program. The company sold the car to a Middle Eastern collector in 1982, while Gauntlett engineered a sales recovery and Aston Martin's return to the James Bond franchise. Now, 37 years later, Classic Motor Cars (CMC) in Bridgnorth, wants to show off its new engineering facility and prowess, and it intends to do so with the Bulldog. CarBuzz picked up on the story that the concept's current owner sent the coupe to CMC for a nut-and-bolt restoration, expected to take roughly 18 months. After that, the Bulldog will take a run at its destiny, aiming for 200 mph, or even better, the 237 mph that Aston Martin engineers at the time said the car should do.      The Bulldog's ultra-wedge shape, stretched over 186 inches and just 43 inches high, could not have come from any other decade. A panel on the front lowered to reveal five square headlights, while giant gull-wing doors doubled the car's height when opened. The interior, matching the Towns-designed Lagonda Series 2, showed off LED lights, buttons and touchscreens. Designers put the 5.3-liter V8 from the front-engined "Oscar India" V8 Vantage into the middle of the Bulldog, then lashed two Garrett turbochargers on top, final output claimed to be 700 horsepower and 500 pound feet of torque. Shifting through a five-speed manual, the rear-wheel-drive, 3,814-pound coupe hit 60 miles per hour in 5.1 seconds. If the Bulldog had achieved its target, it would have been the fastest production car in the world. The plan was to build up to 25 units for sale, which would pay for development costs said to exceed 1 million pounds at the time. The restoration will return the concept to its original state, CMC's managing director adding that it "may include modern components and technology to improve the car's reliability." The original car, for instance, didn't have side mirrors; those were supposedly added by the Middle Eastern collector. The original was gray and white, not green, had a black interior instead of tan.