2014 Aston Martin V8 Vantage Coupe - Untitled Demo on 2040-cars

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Aston Martin makes RapidE electric car a limited edition after LeEco pulls out

Aston Martin was forced to scale back production plans for its first electric model after cash-strapped investment partner LeEco pulled out of the project, Chief Executive Andy Palmer told Reuters on Monday. The result, though, may be an even more exclusive car, aimed at customers who consider Tesla's top of the range $130,000 Model S to be a little too run of the mill. Aston Martin will build only 155 of its RapidE, about a third of the initial plan, and lean more heavily on Formula One engineering specialist Williams after the withdrawal of Chinese TV and smartphone vendor LeEco, Palmer said. The setback and Aston's response underscore the challenges and risks niche carmakers face as they scramble to address future demand for electrification from consumers and regulators. While the privately held Aston Martin brand benefits from the endorsement of fictitious spy James Bond, it lacks the backing of a large automotive parent that many rivals enjoy. "We've decided to make this car rare, which will obviously tend to push the price higher," Palmer said. "Aston Martin now plans to proceed independently, funding further development of RapidE by ourselves." Palmer agreed to be interviewed after sources told Reuters Aston Martin's partnership with LeEco had unraveled. Unveiling the alliance in February last year, LeEco and Aston pledged to launch an all-electric version of the Rapide S sedan in 2018. But the Chinese conglomerate has since slashed its electric car investments, including its U.S. startup Faraday Future's planned $1.3 billion factory in Nevada. Some Faraday suppliers, including seat maker Futuris and media provider Mill Group, have sued the company for non-payment, according to court records. Spokesmen for LeEco and Faraday did not respond to requests for comment on the end of the Aston partnership. Aston Martin declined to discuss its partner's business. $250,000 PRICE TAG Aston returned to profit in the first quarter, a decade after it was sold by Ford. Now owned by private equity groups Investindustrial and Kuwait's Investment Dar, the company is rolling out a new model each year under a taut recovery plan drawn up by Palmer, who joined from Nissan in 2014. Without LeEco's backing, the sports carmaker, based in Gaydon, Warwickshire, is pushing ahead as sole investor in the electric car, after paring down production and pushing back the launch date to 2019. The plan won board approval on June 21.

Spectre shreds $37 million in cars

Much as you can't make an omelet without breaking a few eggs, you apparently can't film a James Bond movie without trashing a few cars. And by "a few cars," we actually mean $37 million worth. That's how much the producers of the all-new 007 flick, Spectre, trashed in the process of filming. And yes, that's a record. "We set the record for smashing up cars on Spectre," stunt coordinator Gary Powell told The Daily Mail (with what we can only imagine was a very boastful grin). "In Rome, we wrecked millions of pounds worth. They were going into the Vatican at top speeds of 110 [miles per hour]. We shot one entire night for four seconds of film." But because this was Bond, producers didn't just destroy $37 million worth of budget hatchbacks. Instead, seven out of ten specially produced Aston Martin DB10s were sacrificed in the name of cinema, including a major crash sequence featuring Rome's Colosseum, River Tiber, and the Vatican. American filmgoers will be waiting until November 6 to see if the destruction of all those Aston Martins was worthwhile. Somehow, we don't think anyone is going to be disappointed. Related Video: News Source: Daily Mail via Vanity FairImage Credit: Angelo Carconi / AP TV/Movies Aston Martin Coupe Luxury Performance spectre aston martin db10

Kahn Vengeance has Aston Martin's blessing [UPDATE]

Last week we brought you the first renderings of a coachbuilt Aston Martin DB9 called the Vengeance that's being developed by Kahn Design. The emergence of the project raised a valid question: if Aston Martin quashed a similar venture by Henrik Fisker, wouldn't the Kahn Vengeance suffer a similar fate? Not according to Kahn. In a statement released to the press, company spokesman Mo Bhana said that "unlike the David Brown Speedback GT and recent Fisker Thunderbolt that ended in a lawsuit, there are no copyright issues with the Vengeance since Aston Martin has confirmed they have entered into a supply deal with us." The incidents Bhana refers to are over two coachbuilder projects that have come up recently and which have drawn the ire of Gaydon. The first is the Speedback GT developed by David Brown Automotive and assembled by a British coachbuilder called Envisage. The latter company also supplies parts and tooling to Aston Martin, which sued Envisage over concerns that its designs were being misappropriated. Given the resemblance of the Speedback to certain classic Astons, and the use of the name David Brown (which happens to be shared by the Speedback's patron and a key figure from Aston's history), reports began circulating that Aston was suing Envisage over the Speedback project, however David Brown Automotive refuted the allegations. The second was Project Thunderbolt, a rebodied Vanquish designed by Henrik Fisker – the same Danish designer who penned the DB9 and V8 Vantage while serving as Aston's design director before striking out on his own. Despite the former association, Aston objected to Fisker's project, launched a lawsuit against him and only agreed to drop it after Fisker agreed not to produce the Thunderbolt. Given Aston's track record, fearing that it would go down the same path would seem reasonable, but Kahn apparently doesn't expect any such difficulties with its supplier. And the company does, after all, also have a history of collaborating with coachbuilders - most notably Zagato. We've reached out to Aston Martin itself for confirmation and will update you as soon as we hear back. In the meantime, you can ponder the second set of renderings released and which we've included above.