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Mercedes increases stake in Aston Martin

As part of an increasingly close partnership, Mercedes-Benz parent company Daimler is reportedly preparing to increase its stake in Aston Martin by another one percent, bringing the German automaker's shares in the British company up to five percent.
The rapprochement between the two has been in the works for years now, and is finally beginning to take form. Mercedes-AMG is in the midst of developing a new engine with and for Aston Martin in an apparently similar arrangement to that which it has with Pagani. But that's not the extent of it.
Daimler will also furnish Aston Martin with electrical systems and other components, said to lead up to the eventual sharing of platforms: one to underpin future GTs and another to serve as the basis for a long-mooted Aston Martin crossover, now said to be back on the table and slated to launch in 2017. The prospect of using the partnership to reinvigorate both the Lagonda and Maybach luxury brands, however, has since been taken off the table, with both parties continuing those projects independently.

Aston Martin CEO Andy Palmer to leave in favor of AMG chief Tobias Moers

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday. The luxury carmaker said in an emailed statement that it is reviewing its management team but declined to comment on Palmer's fate. Palmer and Germany's Daimler, which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment. The Financial Times newspaper had reported earlier that the Aston Martin chief was going to leave as part of a shake-up of its leadership, with an official announcement expected on Tuesday. Palmer had not been informed of the upcoming announcement, the newspaper reported. Aston Martin, famed for being fictional secret agent James Bond's car of choice, has seen its share price plummet since floating in October 2018. The 107-year old British luxury carmaker earlier this month posted a deep first-quarter loss after sales dropped by almost a third due to the impact of the novel coronavirus outbreak. The company has been banking on its sport utility vehicle to drive sales in a new segment, and said production was on track. In January, dire conditions forced the company to bring in Canadian billionaire Lawrence Stroll who bought a roughly 20% stake for nearly 200 million pounds ($263 million), as the ailing carmaker sought to raise funds. The coronavirus pandemic and shutdowns caused by it have hit demand and forced factories around the world to suspend production, negatively impacting many industries, including car manufacturers. "We were obviously fairly significantly hit by COVID-19, starting with China in January but more clearly in what we saw as it came across towards Europe and the United States," Palmer told Reuters earlier in May. Related Video:

Aston Martin says DBX is an obvious candidate for the AMR treatment

The 2021 Aston Martin DBX made its debut at the Los Angeles auto show with a Mercedes-Benz-sourced V8 engine under the hood. While that's the only engine that will be available at launch, the British company's chief executive confirmed there are several other options on the table. Aston Martin CEO Andy Palmer told Road & Track the twin-turbocharged, 5.2-liter V12 found in models such as the DB11 AMR and the DBS Superleggera fits in the DBX's engine bay. On its own, that's not a guarantee that a V12-powered model will arrive; just because there's space to install a 12-cylinder engine doesn't mean it makes sense to drop it in. Palmer didn't confirm or deny that the DBX will gain four additional cylinders, but he stressed that Aston hasn't mined the DBX's full potential yet. "We'll probably do other engine derivatives, we'll do other spec derivatives. As you do with any lifecycle management," he explained without going into more details about what's next. The twin-turbocharged, 4.0-liter V8 delivers 542 horsepower and 516 pound-feet of torque when bolted between the DBX's fenders, which means there's already room for improvement. The same engine makes 603 horses in the GLS 63 and GLE 63 S that Mercedes-AMG unveiled in Los Angeles, and its output checks in at 630 horsepower when it's under the GT 63 S's long hood. Swapping the V8 for a V12 would also bring the DBX's output above 600 horsepower — the DBS Superleggera's 5.2-liter packs a 715-horse punch — but it would put a Lagonda-sized dent in the vehicle's fuel economy. Aston Martin, like its peers, is under intense scrutiny in the emissions department. Time will tell which direction Palmer's team takes the model, but it's safe to bet we'll see a sportier variant. "We're committed to doing an AMR in every one of our range, so that would be an obvious candidate," Palmer told Road & Track. When it arrives, there's a good chance it will face serious competition from the long-rumored Urus Performante that Lamborghini is allegedly working on.