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King Charles' electric I-Pace goes to auction next month

Never mind the Bentley State Limousines, the Aston Martin DB6 Volante that Queen Elizabeth II bought him on his 21st birthday, or the Rolls-Royce Phantom VI valued at more than $600,000. The car of the moment, if we’re talking about the garage of King Charles III of England, is a far more ordinary — and all-electric — Jaguar I-Pace purchased in 2018 by His Majesty “for his personal use." The royal Jag is set to be auctioned off March 2 at the famed Ascot Racecourse; estimated selling price is as high as $88,000. If you miss out on the auction of a president's former ride, here's one from a king. The SUV, notable as the first all-electric vehicle to be embraced by the royal family, is the range-topping I-Pace EV400 HSE all-wheel-drive luxury five-seater that the king — prince of Wales at the time — bought in September 2018 for $75,000. According to the auction site, the Jag was "purchased with his own money." Charles had Jaguar install a fast charger at Clarence House, his residence. The vehicle was returned to a Jaguar dealership after two years — itÂ’s not clear if it had been leased — with only 3,000 miles on the clock. Subsequently, the SUV was sold to one Karen French of Oxfordshire. She said in a statement offered by Historics Auctioneers, “This I-Pace was exactly what I was looking for and pretty much on my doorstep. It was only when I agreed to buy it that I discovered its extraordinary history — I was absolutely thrilled. Having driven it over 30,000 miles,” she added, ”I decided in the New Year that it was time for a change.” Noted by the auctioneers in typical British understatement, the high-specification car was uniquely finished in Loire Blue and remains the only I-Pace “to be painted in this colour, whilst those inside the car enjoyed a sumptuous, contrasting leather interior in, fittingly, Light Oyster Windsor.” A revised Jaguar I-Pace is scheduled to arrive next year. Regarding the KingÂ’s affection for automobiles — British automobiles — he reportedly overseas a fleet worth more than $17 million. And while heÂ’s fond of driving conventional vehicles, he told the BBC some years ago that “my old Aston Martin, which I've had for 51 years, runs on — can you believe this — surplus English white wine, and whey from the cheese process.” Essentially the classic had been converted to run on E85 bio-ethanol. "The engineers at Aston said, 'Oh, it'll ruin the whole thing,'" Charles shared with The Telegraph in 2018.

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's oldest car prepares for its 100th birthday bash

Aston Martin will celebrate in style the 100th birthday of its oldest-known remaining car. It will send the 1921 A3 to the annual Concours of Elegance taking place in September 2021 on the near outskirts of London. Fittingly, the Concours of Elegance is one of the most prestigious car shows in the world. It was first held in 2012 to mark the 60th anniversary of Queen Elizabeth's reign over the United Kingdom. It retains royal ties, so showing to the event in a bondo-colored Renault 18 is completely out of the question. Aston Martin's A3 will fit right in, however. Its name signals that it's the third car built by Aston Martin, and that it's powered by a Type A engine, which denotes a side-valve four-cylinder tuned to develop about 11 horsepower. That's a rounding error in 2021, but it was impressive in the early 1920s, and it allowed the A3 to set several speed records. It notably averaged over 86 mph during a 100-mile event held at the Brooklands track, which 100 years later is commonly associated with Bentley. After extensive testing, Aston Martin sold the A3 in 1923. It was sold and bought several times until it ended up in the hands of a man named R.W. Mallabar. He shipped it back to Aston Martin's headquarters when a connecting rod failed, and he asked the company to refinish it in gray with red wheels while it was tearing apart the engine. The A3 then disappeared until 2002, when it appeared at an auction and its historical significance was uncovered. Aston Martin received the A3 as a generous donation in 2003, and it commissioned Ecurie Bertelli to give it a full — and painstakingly long — restoration. Its frame was rebuilt from scratch with ash wood, and it received a reproduction body made with hand-beaten panels. It's now black with black wheels, which is the livery it wore until Mallabar commissioned a respray. Its engine was rebuilt during the refurbishment, so it moves under its own power. Whether that means the A3 will drive to the event under its own power hasn't been revealed. Regardless, when it gets there, it will bask in the sun (or get drenched by a late-summer storm) next to a star-studded lineup of Gulf- and Martini-liveried race cars and other historically significant machines. It's a little too old to participate in the display put together to celebrate the Queen of England's 95th birthday; there will be one car for each year that she's been alive.