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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.

Aston Martin deal with Red Bull means F1 tech for Vanquish

Aston Martin and Red Bull Racing made no secret that their AM-RB 001 hypercar (rendering above) would use Formula One tech, but the cutting-edge motorsports knowledge will also trickle down to more accessible Aston Martin vehicles. "Some of the technologies we are developing with Red Bull Technologies and Adrian [Newey] will undoubtedly flow through to the next Vanquish," Aston Martin CEO Andy Palmer told Drive. He thinks the model's price is high enough to allow the use of F1 tech. "I am particularly interested in structural carbon fiber and KERS type technology that you could easily see working in that car," said Palmer. The AM-RB 001 is due for 2018, and the new Vanquish would come afterward. Aston Martin and Red Bull hope their hypercar project sets benchmarks in the class. "The McLaren F1 is the perfect analogy of what we're trying to do - bring Formula One to the road in a genuine and authentic manner," Palmer told Drive. He claims that simulations already show the AM-RB 001 could lap Silverstone quicker than an F1 car. For context, the slowest qualifying time in the British Grand Prix last year was a 1:39.377 lap around the nearly 3.7 mile track. With projects like the hypercar, the next Vanquish, and the latest DB11, Aston Martin has a busy launch calendar over the next few years. A next-gen Vantage is in the company's plans, and there's the DBX crossover, too. The British sports car maker also wants to do two limited-edition models a year, like the Vantage GT12 and Vulcan in 2015. The vehicles for 2016 and 2017 are still mysteries, but 2018 would bring the electric Rapide and the AM-RB 001, according to Palmer. When combined with Mercedes powertrains and technology in future models, the company hopes to appeal to more customers. Related Video:

2018 Aston Martin DB11 AMR Review | A private world of comfort and speed

There are moments when miniscule adjustments to something wonderful can yield unforeseen enhancements. The addition of a dash of Maraschino liqueur to a perfect Manhattan. The application of a few Newton-meters more pressure in a deep tissue massage. Gold-plating the wire wheels on your Commodore Blue Continental Package-equipped 1985 Cadillac Eldorado Biarritz Convertible. So it is with the Aston Martin DB11 AMR, a slight tweak to the Aston Martin DB11 V12 — already one of our favorite grand tourers. The non-AMR DB11 hosts the ideal combination of profligate luxury, recherche exclusivity, and muscular performance. (The V8 is also ... fine.) But Aston Martin's new AMR performance sub-brand has drizzled its speed effluent onto the DB's componentry and software. The result borders on transcendent. AMR was launched at the Geneva Motor Show in 2017 as the storied British marque's go-fast subsidiary (its M or AMG, if you will). Inspired in name, if not in mission, by the Aston Martin Racing team, it has already resulted in the AMR-ization of a half-dozen Aston vehicles including iterations of the Rapide, Vulcan, Valkyrie, and previous-generation Vantage. The $241,000 DB11 is the seventh in that series, and it will take the place of the "base" DB11 V12 when it appears in the states later this summer. Since Aston recently opened the first of its fancy-pants AMR Performance Centers adjacent to Germany's famed Nurburgring racetrack, it seemed fitting that our test drive of the new car commence there. We snagged the DB's crystal-tipped key fob and spent a couple days tearing everywhere in the Rhineland region that wasn't the "Ring," including narrow wending mountain roads, expertly paved two-lane byways, and unlimited Autobahn uber-highways. AMR's sorcery has, as noted, yielded relatively small changes on paper. The twin-turbocharged 5.2-liter 12-cylinder now makes just 5 percent more horses, for a total of 630. The dampers and springs have been stiffened by about 10 percent, the anti-roll bars front and rear by half that and half again. More rigid engine and transmission mounts have been added for greater stolidity. The transmission has been remapped for increased differentiation across the GT, Sport, and Sport Plus driving modes, selectable via a switch on the right side of the steering wheel.