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Aston Martin wants to get involved in F1 engines

LONDON — British luxury sportscar maker Aston Martin is looking to get more engaged in Formula One, chief executive Andy Palmer said on Sunday amid speculation of a title partnership with Red Bull and future engine involvement. "We want to be more involved in the sport," Palmer told Britain's Channel 4 television while attending the Singapore Grand Prix. "We're currently studying the 2021 engine. If we get a reasonable regulation that brings down the cost of the engine, Aston would like to be involved in the engine," added the Briton. "And then of course we'd like to be involved a little more next season and then join the dots. But it really depends on what happens with the engine regs." Red Bull and Aston Martin have an existing relationship, with the team's race cars carrying branding for the marque since last year. Top designer Adrian Newey, whose Renault-powered Red Bull race cars won four successive drivers' and constructors' titles between 2010-13, has worked with Aston Martin on the AM-RB 001 Valkyrie 'hypercar'. Media reports have suggested Aston could become Red Bull's title sponsor next season. Former Nissan executive Palmer was a key figure in negotiating just such a previous deal for the Japanese manufacturer's Infiniti brand, which has now gone to the Renault works team, to partner Red Bull. The British-based team currently use Renault engines, branded Tag Heuer. Formula One, under new management since U.S.-based Liberty Media took over in January, and the governing FIA are looking at what sort of unit will power the series once the current agreement expires in 2020. The aim is to bring down costs and allow a cheaper and less complex engine than the current 1.6 liter V6 turbo hybrid power units, one that could also encourage new manufacturers into the sport. Aston Martin, a 104-year-old firm whose road cars have become closely associated with fictional British secret agent James Bond, last competed in Formula One in 1960. The company is now owned mainly by Kuwaiti and Italian investors and is seeking to boost its share of U.S. markets. Last month Aston reported its first half-yearly profit in almost a decade and it expects full-year volumes to rise by around a third to roughly 5,000 cars. Reporting by Alan BaldwinRelated Video: Motorsports Aston Martin Renault Technology Emerging Technologies Racing Vehicles F1 adrian newey

Aston Martin CFO departs as stock hits a record low, losses deepen

LONDON — Aston Martin shares slumped to a record low on Thursday after the British luxury carmaker said its losses ballooned last year and its chief financial officer would leave by the end of April. The firm, famed for being fictional agent James Bond's car of choice, posted a pretax loss of 104 million pounds ($135 million) last year compared with 68 million pounds in 2018 following a 9% decline in sales to dealers. Aston Martin is in the midst of restructuring after announcing last month that a consortium led by Canadian billionaire Lawrence Stroll would buy up to 20% of the company and existing shareholders would inject more cash. Its shares, which were listed in October 2018, have been on a steady downward trajectory ever since and hit a record low of 328 pence following the announcements on Thursday, more than 80% lower than their flotation price. "The big difference between last year and this year is the strength of the balance sheet," Chief Executive Andy Palmer told Reuters. "We're in a very different place and have therefore an ability to properly ... destock and that means get the balance right between supply and demand." Chief Finance Officer Mark Wilson will step down from his role no later than April 30 but had not been fired, said Palmer. Coronavirus impact China, Aston's fastest growing market, was a rare bright spot last year with sales rising 28% but the company, like the rest of the industry, has seen demand drop due to the coronavirus outbreak. The virus has infected more than 80,000 people and killed about 2,800, the majority in China, confining millions to their homes, disrupting businesses and delaying the reopening of factories after the extended Lunar New Year holiday break. Aston has seen disruption to the arrival of certain parts but said it had not had to stop production at its factories, with components secured until at least the end of March because it has no direct suppliers in China. "Since almost the first weeks of the New Year we've had issues with those Tier 2 and Tier 3 (suppliers) which have meant that our supply chain guys have had to be on it constantly," said Palmer. "We're ironically benefitting from the fact that we built up a Brexit stock," he said, in a reference to extra components the firm held in case Britain's departure from the European Union led to additional delays in the movement of goods.

This Aston Martin DBS has lived in a barn since 1986

For a moment, think of every major event that has occurred in your life since 1986 (if you're old enough, of course). Many birthdays have come and gone, children have grown to become adults, and we went from listening to "Rock Me Amadeus" to well... Justin Bieber. In a nutshell, things have changed quite a bit, but not for everything. In 1986, this Aston Martin DBS was rolled into a barn and locked safely away from prying eyes, and for the last 30 years, that is exactly where it has remained, until now. The dusty yet gorgeous Aston will cross the Silverstone Auctions block in May, where it's expected to fetch upwards of GBP60,000 (about $87,000). New in 1968, it would have cost about GBP4,470. RELATED: See More Photos of this Barn Find Aston Martin DBS Few words can describe the emotional weight of these barn find images, but "haunting" seems to fit. The Aston's three decades of shed isolation have written their story across its fastback bodywork, which now comes layered thick with dust, dirt, and a spot of bird dirt or two. Peer beneath the grime though and the DBS still wears its original coat of Mink Bronze paint. Inside the grand tourer's cabin, time has stood equally still, however the elements have been a bit less fair. The rich leather front seats and upholstery have grown grey and mottled with age. And while no one has sat in the back seat of this DBS for ages, it would appear critters haven't long given up roost there. Even so, it's utterly jaw-dropping to see in its untouched state. RELATED: Check Out James Bond's Actual 1964 Aston Martin DB5 According to the auction house, the Aston Martin was sold new on November 5th, 1968, to its first owner in Surrey, England, who held onto it for a little under two years. In April 1970, the DBS passed to its second owner—a 'Mr. Pasqua'—who relocated the car to the island of Jersey (the largest of the UK's Channel Islands). For the next 16 years it would accumulate a scant number of miles before getting tucked away in a barn on the island, and to this day, the odometer reads just 30,565 miles driven. Then again, how far can you really drive on an island that's only five miles wide and eight miles long. RELATED: This '66 Porsche Barn Find Looks Ravishing in Red As for its model history, the DBS was the rather radical successor to the storied and much more sweeping Aston Martin DB6.