2012 Aston Martin V8 Vantage Base Hatchback 2-door 4.7l on 2040-cars

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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.

Aston Martin V12 Speedster will ditch roof and windshield

If your hunger for supercars with no windshields wasn't satiated with the McLaren Elva, we have good news. Aston Martin has one of its own to be revealed later this year. It's simply called the Aston Martin V12 Speedster, and sounds like it will be entertaining. Though the car hasn't been fully revealed, the teaser image gives us a good look at the profile. The nose is pointy with a huge grille like the Aston Martin Vantage. The short deck with tall rear spoiler is also Vantage-esque. Between the wheels appear to be some very aggressive air vents and character lines. And of course, there's no roof or windshield. There are cowls behind the seats, which are fitting since Aston says this car is inspired by the Le Mans-winning 1959 DBR1 race car and the 2013 Aston Martin CC100 concept car, both open sports cars. Powering the V12 Speedster is, obviously, a V12 engine. It's a version of the twin-turbocharged 5.2-liter that's been used in different versions of the DB11. In the Speedster it will produce 690 horsepower and 516 pound-feet of torque, which is less than the 715 horsepower and 664 pound-feet of torque in the monster DBS Superleggera. The engine is matched to an eight-speed ZF automatic transmission and rear-wheel drive. Only 88 V12 Speedsters will be built, and Aston is taking orders now. Completed cars will be delivered in early 2021. Pricing hasn't been announced, but we doubt that will be an issue for those ordering one. Related Video:    

Aston Martin Valkyrie heads to public roads for the first time

The Aston Martin Valkyrie may not be headed for the WEC racing series anymore, but it is finally hitting public roads. Aston Martin shared some images of the start of public road testing and tuning with a production prototype. The car is undisguised because, well, we've seen it a number of times before, but it's still interesting to see it in such mundane settings. Public roads really emphasize how alien the Valkyrie looks. In particular, the shot of it in front of other production cars show that it's about half their height. It also doesn't look especially longer or wider than some of the somewhat small cars in the background such as that Hyundai Kona. And of course the Valkyrie's deep diffuser openings, undulating fenders and little cockpit all look outrageous on the street. We mean that in the best way possible. Aston still plans to begin delivering Valkyries to customers in the second half of this year. It will make at least 1,000 horsepower and rev to over 11,000 rpm. It will be street legal, though not when equipped with the track package or if it's the 1,100-horsepower AMR Pro variant.