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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.

'55 Mercedes Gullwing racer expected to sell for $6 million

RM Sotheby's has a Gullwing up for auction. Not just any Gullwing, but one of just four prepared by the factory for racing. And it's expected to fetch $6,000,000, (give or take a million) when it crosses the auction block next month in New York. Chassis number 5500640 is billed as "the rarest and most desirable W198 Gullwing ever presented for public auction," and it's not hard to see why. It was used for both racing and testing purposes, including an entry in the notoriously grueling Tour de France by none other than Sir Stirling Moss. He placed it second only to the Marquis de Portago in his Ferrari 250 GT TdF, often outperforming the Ferrari in stages of the event. It was in the possession of one owner since 1966, who stored it for 40 years before passing it on to his son in 2008, who in turn underwrote a comprehensive three-year restoration project and has now put it up for auction. Gullwings are invariably the most sought-after post-war production Mercedes when they come up for auction. The highest price one has ever garnered, according to the records at Sports Car Market, was $4.62 million paid in early 2012 at Gooding & Company's Scottsdale auction. This example, however, stands to far surpass that amount to set a new record. It's just one of several notable lots consigned for the Driven By Disruption event, set to take place on December 10 in New York. Alongside it, RM has the Lamborghini Concept S (valued at over $2.4 million), a 1962 Aston Martin DB4 GT Zagato (over $16m), and a 1956 Ferrari 290 MM driven by Juan Manuel Fangio ($28m). In short, it ought to be a significant sale, and we'll report the results once they're in.

2017 Mercedes-Benz C300 Coupe Quick Spin

Now that Mercedes has completed its rollout of four-door C-Class variants, it's time to subtract two doors and get down to the business of sport. The sedan smashed the entry-level luxury paradigm by being good enough to (maybe) keep you from aspiring to an S-Class. The C Coupe, on the other hand, wants to keep you from looking sideways, to certain BMW and Audi competitors. Driving Notes An obvious feature it shares with the sedan is its sense of maturity. The sheetmetal and proportions convey gravitas. The long-hood-into-short-tail that is The Mercedes Way gets another handsome showing here. There's an additional 2.4 inches between the bulkhead and the front axle – although to our eye that trim, curt rear end is overwhelmed by the visual weight of the rest of the car. It looks better on the AMG C63, where flared wheel arches put more emphasis in back. The front and rear of the coupe are altered from the sedan design. The crease under the headlights curves down into the lower intakes forming a continuous design element to the bottom of the curved lower lip. In back, the minimal taillights of the sedan get stretched across the fenders and the wider, straighter trunk of the coupe. The two-door is 1.5 inches lower than the sedan. Although the they share the same width, the coupe looks wider from the rear. Other markets will get a choice of four gasoline and two diesel engines. In the United States, we'll get the rear-wheel-drive C300 next spring with its 241 horsepower and 273 pound-feet of torque, same as in the sedan, with a seven-speed automatic transmission. After that will come a 4Matic version, and in summer comes the AMG C63. Mercedes hasn't broached the subject yet but our market should follow the sedan route, skipping the standard C400 to get the C450 AMG 4Matic with 362 hp and 384 lb-ft. At some point in the undisclosed future, the coupe will be upgraded to the nine-speed automatic. The interior is a delight, but that's what we're used to here – the materials look and feel excellent. The COMAND screen placement is still a hot-button issue, and we think the bezel-to-screen ratio is out of whack. Buyers don't seem to care. This year, the C-Class is just a couple thousand units behind the barn-busting 2013 numbers. In spite of the additional swoopiness versus the previous coupe, the larger size means larger interior dimensions everywhere – trunk space grows by 20 percent.