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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 and Zagato will offer $7.9M limited edition sold only in pairs

Aston Martin and Zagato are planning to collaborate for a limited production run of a couple of incredible cars it's calling the DBZ Centenary Collection. There will be 19 DB4 GT Zagato Continuation cars and 19 DBS GT Zagatos made. These cars are only to be sold as pairs, meaning you get one DB4 and one DBS (based on the 2019 DBS Superleggera) when you buy. So why are Aston and Zagato doing this? Well, Zagato reaches its 100th anniversary in 2019, so a celebration is clearly in order. Aston Martin and Zagato have quite the storied recent and not-so-recent past. You might remember that Aston unleashed 25 DB4 GT Continuation cars sans Zagato earlier this year. The idea is the same here, but Zagato gets included on this project. Back in 1960, Aston Martin and Zagato had planned to make a 25-car run of Zagato-bodied DB4s. When demand wasn't high enough, it was cut off at 19, which explains why it's making 19 cars today as well. Aston and Zagato created those DB4s to race against others like Ferrari in the '60s, and the Continuation DB4 Zagato will be sold as a race car as well. Set to be built at Aston Martin Works in Newport Pagnell, England, the goal is to make the new car resemble the old as accurately as possible. At the same time, Aston is benefiting from modern engineering to make the car even better looking. So while it still uses a tubular frame and thin-gauge aluminum body panels, Aston also uses digital scanning technology to ensure the bodywork is absolutely perfect in fitment and consistency. Looking at the mechanical side of things, we've got an inline-six engine that makes 380 horsepower hooked up to a four-speed manual transmission and a limited-slip differential. That's significantly more power than the 331 hp DB4 Continuation that Aston made before. The commitment to looking and feeling the part is there, but we really wonder how the driving experience differs from that of a Zagato from the '60s. That's only the first half of the pair. Wealthy owners will also receive a DBS GT Zagato. It's unclear exactly what that car will look like just yet, because Aston has only provided us with what looks like a rough design sketch. It says we'll see a fresh take on the "double-bubble" roof, new grille and a truncated tail to differentiate it from the run-of-the-mill DBS Superleggera. As a reminder, the DBS Superleggera has a 5.2-liter turbocharged V12 that makes 715 horsepower and 664 pound-feet of torque.

James Bond's ‘GoldenEye’ Aston Martin DB5 sells for $2.6 million

Last month, we wrote about the "GoldenEye" Aston Martin DB5 coming up for auction at the Goodwood Festival of Speed, and reported that it was estimated to bring in $1.6 million to $2.14 million. The Aston did a lot better, as it ended up selling for a comfortable $2.6 million. The cinematic Aston's buyer turned out to be the newly founded NYC spy museum Spyscape, which is already displaying the DB5 deal on its website. As a matter of fact, Spyscape will even be offering rides in the DB5 — not a lot of people have ridden in any DB5, let alone one that has been driven by James Bond. As Hemmings notes, the DB5 in question was found for filming by Aston Martin itself along with a couple other examples. After filming wrapped up, it was restored — reportedly to address damage accumulated during the shoot — and put on a promotional tour. Stirling Moss himself drove the car onstage at the Los Angeles Auto Show, when the spiritual successor for the DB5, the DB7, was presented. It's worth noting that the car sold in 2001 for $200,000, and that it was the most expensive piece of Bond-related stuff sold at the time. Last weekend's auction price puts a zero at the end of that price, and then some. Meanwhile, if you can't afford a $2.6 million James Bond car, how about the just-out Lego kit costing $149.99? Related Video: TV/Movies Aston Martin Auctions Luxury Classics aston martin db5 db5