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Canadian billionaire Lawrence Stroll leads $240 million Aston Martin investment

After months of rumors and speculation, Canadian billionaire Lawrence Stroll confirmed he led the purchase of a 16.7% stake in Aston Martin for GBP182 million ($239 million). The investment is part of a GBP500 million ($656 million) round of emergency funding that will help the British automaker overcome serious financial challenges. Yew Tree Overseas Limited, a consortium of international investors led by Stroll, built its stake by buying 45.6 million new ordinary Aston Martin shares on the London Stock Exchange, according to Autocar. Aston Martin raised the remaining GBP318 million ($417 million) by giving existing investors the opportunity to buy more shares, the BBC learned. It's not a full bailout, but it's close. Aston Martin ended 2019 in dire financial straits. Stroll will replace Penny Hughes as Aston Martin's chairman; CEO Andy Palmer is expected to keep his job. Several sources confirmed the Racing Point Formula One team owned by Stroll will be rebranded Aston Martin after the 2020 season, and Autocar reported the company will quickly need to eliminate jobs and slash costs. "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. Without this, the balance sheet is not robust enough to support the operations of the group," Hughes admitted in an interview with the BBC. Stroll's' appointment to the Aston Martin board comes as the company prepares to overhaul its product plan. It notably confirmed the rumors claiming it put the battery-powered Rapide project on the back burner until further notice, and it delayed plans to revive the Lagonda nameplate on a series of extra-luxurious electric vehicles until after 2025. The first car was originally scheduled to reach the market in 2022, but the battery technology is expensive to develop, and Aston must save about 10 million pounds (around $13 million) annually. The firm will instead focus on mid-engined sports cars. Still according to Autocar, it will begin delivering the 1,160-horsepower Valkyrie hypercar this year, and it's on track to launch the Valhalla in 2022. The Vanquish will go mid-engined shortly after. Delaying electric cars doesn't mean abandoning electrification, and Aston Martin hopes to release "a fuel-efficient, modular V6 engine with hybrid capabilities" by the middle of the 2020s.

Aston Martin Vantage might get a Mercedes inline-six

Aston Martin has turned its eye to the inline six-cylinder engine Mercedes-Benz installs in the CLS 53. The British carmaker uses an AMG-sourced 4.0-liter V8 for the DB11 and the Vantage, which produces 503 horsepower and 505 pound-feet of torque in the latter coupe. Aston Martin hasn't said anything about whether or when it would use the inline-six, nor mentioned a product to slot the engine into. If the six does migrate from Germany to England, the move brings several benefits for Aston Martin, and it would create the first six-pot Aston Martin since the 1999 DB7. The 3.0-liter, AMG-built six-cylinder uses an electric turbocharger to put out 430 hp and 383 lb-ft of torque, and gets help from a 48-volt EQ Boost micro-hybrid system throwing in 21 hp and 184 lb-ft. After driving it at a Mercedes-Benz test track, Aston Martin's chief engineer Matt Becker called the powerplant "very complicated and clever," and said, "it's a very impressive engine" that he could envision serving the brand. The 2019 Vantage engine bay can already fit the company's in-house, 5.2-liter V12, so a straight-six shouldn't be hard to swallow. As for how it would fit into the lineup, there's a chance a six-cylinder Vantage supplants the V8. However, since Becker said his engineering team "would not necessarily play" with the AMG's power curves, that option would probably have to wait until AMG upped the three-liters' output. We'd be surprised if Vantage buyers would accept giving up two cylinders and 73 hp. More likely, a six-cylinder Vantage could give Aston Martin a new entry-level model to undercut the $153,081 Vantage V8, but with plenty of ponies to thrill. A V6 coupe could also help the carmaker's emissions scores, and serve specific markets such as China where engine displacements greater than three liters get hit with heavy taxes. Related Video:

Airbus and Aston Martin tease helicopter collaboration

Aston Martin is working on a new partnership in a different part of the transportation sector. This week, the British company known for its beautiful car designs announced a collaboration with Airbus Corporate Helicopters (ACH) that is set to launch in 2020.  ACH and Aston Martin are working on a helicopter, and this short video is the first official teaser of the partnership. The project has been under design development for the past 12 months, and Aston Martin Lagonda Vice President and Chief Creative Officer Marek Reichman said the project will be a blending of automotive and aeronautical design principles.  Although the teaser did not give away much info about the helicopter, the name of the video might. It's titled, "ACH130 AM TEASER 16x9." The 16x9 part is just the dimensions of the video, but ACH130 AM likely indicates a nod to the Airbus H130 helicopter, which is most often used for "sightseeing services, charter operators, and emergency medical services, among others." It comes in six- or seven-passenger configurations.  This is not the first time Airbus has collaborated with an automaker on a helicopter design. Peugeot previously worked with Airbus on an H160. The ACH130 AM debuts in the French Alps on January 3, 2020. And this is not the first time Aston has collaborated on transportation beyond a car. Last year, Aston put its luxury imprint on a submarine. Auto News Design/Style Aston Martin