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Mercedes-Benz to boost stake in Aston Martin to 20%, lend it some tech

Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker's largest shareholders, Aston said on Tuesday. Aston Martin, popular for being James Bond's carmaker of choice, has suffered a torrid time since it went public two years ago, with its shares losing two-thirds of their value this year. The 107-year-old firm hired Tobias Moers, former CEO of Mercedes-AMG, as its new boss from August. Aston said the increase in Mercedes-Benz's stake, from 2.6% currently, would take place in several stages as part of a wider issue of 250 million shares at 50 pence each. The stock issued to the German group will have a maximum value of 286 million pounds ($372.7 million), it said. The deal will see an existing supply agreement between the two firms, in place since 2013, expanded to give Aston Martin access to key Mercedes' technology, including hybrid and electric drive systems. "We take another major step forward as our long-term partnership with Mercedes-Benz AG moves to another level, with them becoming one of the company's largest shareholders," said Aston's chairman and biggest shareholder Lawrence Stroll. The German firm will get the right to nominate one non-executive director to Aston Martin's board after its first shareholding increase, the London-listed firm said. Aston, which has started deliveries of its first sport utility vehicle, the DBX, said on Tuesday it swung into an adjusted core loss of 29 million pounds in the third quarter, versus a profit of 43 million pounds last year. Revenue in the period nearly halved to 124 million pounds, it said. Aston Martin is targeting annual capex of 250 million pounds to 300 million pounds per year between 2021 and 2025. It envisages production volumes of about 10,000 units, revenues of about 2 billion pounds and adjusted core profit of 500 million pounds by financial years 2024 or 2025.

Aston Martin considers building DBX in Macedonia

To build the new DBX crossover, Aston Martin is preparing to expand production outside of its home in Warwickshire. It just hasn't decided where the new plant will be. But while it has narrowed its search to just a few locations, one site that was previously discounted is now reportedly back in the running: Macedonia. The former Yugoslavian republic to the north of Greece has been soliciting car companies for manufacturing projects for years. And though it doesn't currently have any final assembly plants, it does have numerous component suppliers located within its borders. According to Automotive News, the Balkan country boasts relatively low wages and an educated workforce – a hard mix to come by. Perhaps best known as the birthplace of Alexander the Great, Macedonia was initially short-listed among 18 other locations as a potential site for the new Aston plant. The British automaker initially ruled it out as it whittled its list down, but Reuters reports that the country has since come back with a more attractive proposal with greater incentives from the government, putting it back in the running. Other locations under consideration include two locations in the UK, one in the Middle East, and one here in America. The Alabama site would be conveniently located near the plant in Tuscaloosa where Mercedes builds many of its crossovers, which could be a huge advantage – especially if the DBX borrows some of its underpinnings from Daimler. The last Aston Martin built off-site was the Rapide, which was previously manufactured by Magna Steyr in Austria until 2012 when Aston moved production in-house to Gaydon. The Cygnet was also manufactured by Toyota in Japan alongside the Scion iQ on which it was closely based, but the finishing touches were put on by Aston in Gaydon until the model was discontinued. Other European automakers also operate plants in the region. The Volkswagen Group and Peugeot SA manufacture in Slovakia. Renault and Smart build their city cars in Slovenia. Mercedes and Audi run assembly plants in Hungary. And Fiat builds in Serbia and in nearby northeastern Turkey, where Hyundai, Honda, Toyota, and Renault also have plants. News Source: ReutersImage Credit: Aston Martin Plants/Manufacturing Aston Martin Crossover Luxury Performance aston martin dbx macedonia

Aston Martin previews a bespoilered Vantage; could it be a new AMR?

Aston Martin has teased a new sports car from its official Twitter account. The image shows the car's silhouette with a big green and lime swoosh above it. The car appears to be a Vantage variant, with the addition of a rear spoiler and Y-spoke wheels. It's also finished in the same Aston Martin Racing Green as its 2021 Formula One race car livery. The spoiler and colors evoke the new Vantage safety car that made its debut over the weekend at the pre-season test in Bahrain. That car features an AMRG paint job with a Lime Essence pinstripe along the front air splitter, side skirts, and rear diffuser. It's also equipped with a rear wing not found on standard Vantages. Like the car in the shadowy teaser, it also wore the optional vaned grille as opposed to the standard mesh. Could Aston Martin be taking a page from the General Motors playbook and making a pace car edition Vantage? That would be uncharacteristic of the British marque, so perhaps a new Vantage AMR is more likely. The previous AMR was limited to 200 units and, despite having the same power as regular Vantages, made waves for letting you row your own gears with a seven-speed manual. Since then the stick shift has been made standard for the Vantage, but the AMR boasted many other features that set it apart — carbon ceramic brakes, carbon fiber trim, forged wheels, a mechanical limited-slip differential, and 200 fewer pounds of curb weight. On the other hand, the F1 pace car's menu of modifications seems like it could easily form the basis for a new AMR. The Vantage safety car increased output of its 4.0-liter twin-turbo V8 by 25 horsepower to 528. The peak torque of 505 lb-ft was unchanged, but Aston Martin claims it could be sustained for longer. Additionally, the transmission was strengthened, the chassis stiffened with underbody bracing, and modifications were made to suspension, steering and dampers. It's not clear whether the pace car's bespoke splitter is on the teaser car. Aston Martin gave no information to accompany the teaser, so we'll just have to wait until March 22, when the car is scheduled for a full reveal. Aston Martin VantageDBXOfficial Safety and Medical cars of Formula One03 View 28 Photos