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Billionaire Lawrence Stroll reportedly seeks major stake in Aston Martin

LONDON — Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported, sending the carmaker's battered share price up nearly 15% on Thursday. The British sports car maker's share price has slumped since its initial public offering in October last year. The shares launched at 19 pounds ($24.50) before dropping for months and languishing at around 5 pounds for weeks as sales have failed to meet expectations. Its major shareholder is Strategic European Investment Group from Italy, which holds about a third of the company. Stroll is the father of Formula One driver Lance Stroll, and is also famed for his car collection, regarded as one of the best collections of Ferraris in the world. Stroll is heading up a consortium looking to take a "major shareholding" in Aston Martin, Autocar said on Thursday. Two weeks ago, Aston unveiled the DBX, its first SUV, and is pinning its hopes on the model's success. Aston Martin declined to comment. Racing Point did not immediately respond to an emailed request for comment. The carmaker's shares were up nearly 15% at 5.79 pounds Thursday.  

Disgraced Chinese supplier claims it has been wronged by Aston Martin

In what could be called a case of carma, the Chinese plastic supplier that forced Aston Martin to recall about 75 percent of its production since 2007 now says that it has lost about most of its customers and is facing financial ruin. Shenzhen Kexiang Mould Tool Co. produced the accelerator pedal arms for most Aston Martin models out of a counterfeit plastic and may have to close its factory due to the scandal. Shenzhen Kexiang claims no wrongdoing in the affair, saying the whole matter was caused by Aston Martin not fully understanding its supply chain. Its general manager Zhang Zhi Ang told Automotive News: "This whole situation is caused by Aston Martin." According to the automaker, its supplier, Fast Forward Tooling (HK) of Hong Kong, hired the molder as a sub-contractor to supply the part. Initially, Shenzhen Kexiang claimed to have never been contracted by the Hong Kong company, but later admitted that it wasn't sure if it made the parts because it worked for so many contractors, according to Automotive News. Aston Martin found that the accelerator arms were produced from a counterfeit form of the DuPont plastic that it had requested for its sports cars. Initially the recall covered 689 2012-2013 vehicles but further research indicated that it went back as far as November 2007 for some models. Aston Martin says it will replace the throttle assemblies on the affected vehicles and that there have been no reported accidents or injuries caused by the counterfeit plastic.

2021 Aston Martin DB11 Shadow Edition gives the V8 model some exclusivity

The entry-level 2021 Aston Martin DB11 with its Mercedes V8 is a very good sports car, and in some ways arguably better than the V12 versions, but it does lack some of the specialness of those with the most cylinders. Seemingly on cue, Aston Martin is bringing out a limited production DB11 Shadow Edition that's only available with the V8 engine. What sets it apart from other DB11s is that it gets lots of black trim. The exterior features darkened head- and taillights, gloss black wheels and hood "blades," and black chrome badging. The interior is finished in black leather and Alcantara with black anodized sill plates. The upholstery stitching is also matched to the brake calipers and can be had in gray, red or yellow. The Shadow Edition is available in coupe and convertible forms, but only with six color choices. For this lightly customized DB11, buyers will fork over $222,600, which is more than $20,000 more than a base V8 model. That's a lot of money for black trim, but customers are also getting exclusivity. Only 300 of these Shadow Editions will be sold globally. If you have the means and the desire for a limited production DB11, Aston is taking orders now. Related Video: