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Nissan could have bought a stake in Aston Martin as early as 2012

Aston Martin has a very interesting future ahead of it. While the British brand appeared to be struggling with aging tech for a while, fresh investment from Daimler may have shown a light toward the future with the brand getting engines and electronics from them. Also, former Renault-Nissan top exec Andy Palmer has jumped ship from the French/Japanese automaker to become CEO of the much smaller sports car company. Interestingly, though, new reports from unnamed Nissan sources have indicated that Palmer has been pushing to work with AM for years.
Three unnamed company insiders told Reuters that Palmer made attempts to convince Renault-Nissan CEO Carlos Ghosn in 2012 and 2013 to invest in Aston Martin, but his proposals were shot down both times for unspecified reasons, according to Automotive News. "We looked carefully at the proposal but we passed on it," said one of the sources.
You can easily see why Palmer was eying Aston Martin even back in 2012. It's no secret that the British sports car mavens were in need of extra funding, well before the Daimler investment. Building vehicles these days is only getting more expensive with stronger safety and emissions requirements. Just look at the brand's desperate hope to get a side-impact crash exemption to keep selling its models in the US as an example.

Aston Martin to display first DB4 GT Zagato Continuation at Le Mans

Aston Martin has announced its new DB4 GT Zagato Continuation series will officially debut at this year's 24 Hours of Le Mans. The race is this weekend, June 15-16, and the first completed vehicle of the 19-car continuation production will be displayed at Aston's premises trackside. The DB4 GT Zagato Continuation #1 wears Rosso Maja paint, a hue which is not that common on classic Astons, but suits its flanks well. The interior is done in black leather, and the car comes with full FIA-specification roll cage. It takes Aston's Heritage Division some 4,500 hours to build one of these cars, so the words "artisan craftsmanship" aren't lightly thrown around. But like Aston Martin announced earlier, it is using modern technologies such as a digital body buck to help build these cars, even if traditional aluminum panel beating methods are also still in use. The body of this first car was readied in April. The car's engine is a 390-horsepower, 4.7-liter straight six that is coupled to a four-speed manual transmission and a limited-slip differential. The manufacturer remarks that the DB4 GT Zagato Continuation is the most expensive new Aston Martin on sale, and that can't be far from the truth: Prices for the "DBZ Century Collection" start from 6 million pounds, or $7.6 million, and the price will include a matching DBS GT Zagato delivered in the fourth quarter of next year. Customers will receive their DB4 GT Zagatos during Q3 of 2019. Featured Gallery Aston Martin DB4 GT Zagato Continuation View 19 Photos Image Credit: Aston Martin Aston Martin

Weekly Recap: Marchionne's Manifesto again calls for industry consolidation

Sergio Marchionne isn't taking no for an answer. Despite public rebuffs from General Motors and Ford, the leader of Fiat Chrysler Automobiles continues to push for consolidation within the auto industry. His latest assertion came Wednesday when he said a combination of FCA with another automaker could net savings of $5 billion or more annually. No, this isn't about selling his company, he claimed, it's about cutting costs. Put simply, the auto industry wastes money, Marchionne said during FCA's earnings conference call. Companies invest billions to develop basic components that all cars use, but many consumers don't care how they work or recognize the differences. "About half of this is really relevant in terms of positioning the car in the marketplace," he said. "The other half, in our view, is stuff which is neither visible to the consumer nor is it relevant to the consumer." In 2014, top automakers spent more than $100 million on product development, FCA estimated. Marchionne said consolidation could save up to $1 billion on powertrains alone, noting that almost every automaker offers four- and six-cylinder engines. Not everyone has to make their own, he contended. "The consumer could not give a flying leap whose engines we are using because they are irrelevant to the buying decision." That's pretty provocative for enthusiasts, but less so for average consumers. Still, there are major differences in power and efficiency ratings, even among similar engines. Skeptics could argue consolidation would also weaken competition and reduce choices for car buyers. Marchionne stressed his presentation, curiously entitled Confessions of a Capital Junkie, wouldn't require closing factories or dealerships. It's not his final "big deal" as CEO, intent to sell FCA, or a way to elevate his company up the automotive food chain. He claims he wants to fundamentally change the industry and its habit for burning cash. "The horrible part about this, and the thing that I find most offensive, is that the capital consumption rate is duplicative," he said. "It doesn't deliver real value to the consumer and it is in its purest form, economic waste." Other News & Notes Ford Profits dip in first quarter Ford profits fell $65 million to $924 million in the first quarter, hampered by slight dips in revenue and sales.