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Aston Martin recalling 6,076 for locking doors

The Basics: Aston Martin is recalling 6,076 cars because of an issue with the vehicles' door locks. The vehicles include: the 2010-2015 Aston Martin DB9, 2010-2012 DBS, 2010-2016 Rapide, 2010-2016 V8 Vantage, 2012 Virage, 2014-2016 Vanquish, 2011-2016 V12 Vantage, and 2012-2013 V12 Zagato. The Problem: The affected cars, according to the National Highway Traffic Safety Administration (NHTSA), come with interior door unlocking components that may not function properly when the car is locked from the outside. This may result in an occupant being trapped inside the vehicle. Injuries/Deaths: None reported. The Fix: Aston Martin dealers will disable the vehicles' double locking feature by reprogramming the mechanism's software at no charge. If you own one: Aston Martin will notify owners with the recall expected to begin in August. Related Video: Description of the Noncompliance: The subject vehicles contain a full locking system software, which according to an interpretation letter issued by NHTSA, does not meet certain door lock requirements of the Federal Motor Vehicle Safety Standard (FMVSS) No. 206, Door locks and door retention components (49 C.F.R §571.206). In the subject vehicles, each door is equipped with a locking mechanism with an operating means from the interior of the vehicle. However, when the full locking system is mobilised (by double locking the vehicle), this disengages the interior operating means for unlocking the door locking mechanism. As such, the full locking system is an effective anti-theft measure. FMVSS 1 : 206 - Door locks and door retention components FMVSS 2 : NR Description of the Safety Risk: In an affected vehicle, where the full locking system has been activated from the exterior, there is a risk that occupants are unable to unlock the doors from the inside of the vehicle. In relation to our 4-door sports cars (Rapide and Rapide S), this risk is the same as if a person were in a vehicle in which the child locks were engaged. However, all our vehicles have an acoustic warning device (i.e. horn), which can still be activated from the interior of the vehicle when the ignition is switched off and the full locking system is activated. Furthermore, some vehicles are fitted with an alarm system with interior detection, which is able to detect an occupant's movement and will activate the vehicle's alarm if the full locking mechanism is activated and occupants are detected inside the vehicle.

Aston Martin electric supercar might be in the works

Aston Martin could develop a lightweight battery-electric sports car in line with the Tesla Roadster as part of the British brand's shift towards hybrids and electric vehicles. CEO Andy Palmer told Auto Express the company is considering a pure-electric car that's smaller than the Vantage but faster and more expensive, taking aim squarely at the Roadster. "There are various challenges involved in making an EV, and the one everyone focuses on is the battery — the management system and the chemistry involved," Palmer said. He added: "The interesting thing is that the other three components of any electric car — weight, aerodynamic drag and rolling resistance — are areas sports car manufacturers, and us in particular, are really good at mastering. That puts us at an advantage over other brands who are making some big claims — such as Tesla, with a lightweight roadster. I think we could be in that space relatively easily." Aston Martin is building only 155 examples of its new RapidE, its first electric car due for launch in 2019, which will cost $255,000. It's also developing an electric version of its DBX crossover for 2019. More broadly, Palmer has said the brand plans to convert its entire six-car lineup to hybrid powertrains by the middle of the next decade, with 25 percent of its vehicles fully electric by the end of the 2020s. It recently unveiled an all-new Vantage, which it expects to price somewhere south of $150,000. Palmer also told Auto Express that Aston's coming hybrids will use 48V technology — but they won't be plug-in hybrids, which he says add complexity and costs. They could also pave the way for a six-cylinder Aston. "I have no objection to the principle of engines that are smaller and in a V configuration, in fact, but inline four-cylinder or three-cylinder units? No," he said. "I don't think we'll see an Aston Martin with a combustion engine that has any fewer than six cylinders."Related Video: Image Credit: Corbis via Getty Images Green Aston Martin Coupe Electric Hybrid Performance Supercars PHEV aston martin vantage aston martin dbx

Canadian billionaire Lawrence Stroll leads $240 million Aston Martin investment

After months of rumors and speculation, Canadian billionaire Lawrence Stroll confirmed he led the purchase of a 16.7% stake in Aston Martin for GBP182 million ($239 million). The investment is part of a GBP500 million ($656 million) round of emergency funding that will help the British automaker overcome serious financial challenges. Yew Tree Overseas Limited, a consortium of international investors led by Stroll, built its stake by buying 45.6 million new ordinary Aston Martin shares on the London Stock Exchange, according to Autocar. Aston Martin raised the remaining GBP318 million ($417 million) by giving existing investors the opportunity to buy more shares, the BBC learned. It's not a full bailout, but it's close. Aston Martin ended 2019 in dire financial straits. Stroll will replace Penny Hughes as Aston Martin's chairman; CEO Andy Palmer is expected to keep his job. Several sources confirmed the Racing Point Formula One team owned by Stroll will be rebranded Aston Martin after the 2020 season, and Autocar reported the company will quickly need to eliminate jobs and slash costs. "The difficult trading performance in 2019 resulted in severe pressure on liquidity, which has left the company with no alternative but to seek substantial additional equity financing. Without this, the balance sheet is not robust enough to support the operations of the group," Hughes admitted in an interview with the BBC. Stroll's' appointment to the Aston Martin board comes as the company prepares to overhaul its product plan. It notably confirmed the rumors claiming it put the battery-powered Rapide project on the back burner until further notice, and it delayed plans to revive the Lagonda nameplate on a series of extra-luxurious electric vehicles until after 2025. The first car was originally scheduled to reach the market in 2022, but the battery technology is expensive to develop, and Aston must save about 10 million pounds (around $13 million) annually. The firm will instead focus on mid-engined sports cars. Still according to Autocar, it will begin delivering the 1,160-horsepower Valkyrie hypercar this year, and it's on track to launch the Valhalla in 2022. The Vanquish will go mid-engined shortly after. Delaying electric cars doesn't mean abandoning electrification, and Aston Martin hopes to release "a fuel-efficient, modular V6 engine with hybrid capabilities" by the middle of the 2020s.