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Aston Martin CEO Andy Palmer to leave in favor of AMG chief Tobias Moers

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday. The luxury carmaker said in an emailed statement that it is reviewing its management team but declined to comment on Palmer's fate. Palmer and Germany's Daimler, which owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines, also declined to comment. The Financial Times newspaper had reported earlier that the Aston Martin chief was going to leave as part of a shake-up of its leadership, with an official announcement expected on Tuesday. Palmer had not been informed of the upcoming announcement, the newspaper reported. Aston Martin, famed for being fictional secret agent James Bond's car of choice, has seen its share price plummet since floating in October 2018. The 107-year old British luxury carmaker earlier this month posted a deep first-quarter loss after sales dropped by almost a third due to the impact of the novel coronavirus outbreak. The company has been banking on its sport utility vehicle to drive sales in a new segment, and said production was on track. In January, dire conditions forced the company to bring in Canadian billionaire Lawrence Stroll who bought a roughly 20% stake for nearly 200 million pounds ($263 million), as the ailing carmaker sought to raise funds. The coronavirus pandemic and shutdowns caused by it have hit demand and forced factories around the world to suspend production, negatively impacting many industries, including car manufacturers. "We were obviously fairly significantly hit by COVID-19, starting with China in January but more clearly in what we saw as it came across towards Europe and the United States," Palmer told Reuters earlier in May. Related Video:

‘Goldfinger’ Aston Martin DB5 Lego kit has fully functioning gadgets

Just as we predicted, Lego's James Bond-themed Aston Martin model kit is of the 1964 Aston Martin DB5 from "Goldfinger." A car that also featured prominently in other Bond films including " Casino Royale," "Skyfall" and " GoldenEye," among others. ( The real "GoldenEye" movie car just sold for a cool $2.6 million.) And while at first blush, it seems that the Aston's effortless class didn't quite translate as well to brick form as boxier vehicles such as the VW Bus and the Mini Cooper, we can easily forgive it. Why? Because it has all of the gadgets from the movie, and they all work! Working from the nose of the car, the turn signals drop out of the way to reveal the machine gun barrels. These disappear at the pull of the shift lever in the interior. Also in the interior are the hideaway tracking computer in the dash and the door-mounted car phone. Of course the best feature inside is the ejector seat. Pull on the rear bumper, and the roof lifts off and other mechanical bits fling the seat through the opening. Behind the rear window, there's the bulletproof shield that can be raised into position. Finally, all four wheels can have the tire cutters fitted, and the license plates swivel for different numbers. And for car enthusiasts, Lego has made sure that the model is simply a nice and accurate replica of a DB5. The hood is hinged at the front, and underneath is a detailed model of the car's double-overhead cam straight-six. It's modeled down to the triple carburetors. The doors open, naturally, as does the trunk, which has quite a bit of space. The Lego kit goes on sale Aug. 1 for $149.99. It consists of 1,290 pieces, and the finished model measures out to about 13 inches in length. Related Video: Featured Gallery Aston Martin DB5 Goldfinger Lego Kit View 41 Photos Image Credit: Lego Toys/Games TV/Movies Aston Martin Coupe Classics Lego aston martin db5

Bond in Motion car exhibit coming to L.A.'s Petersen Automotive Museum

The Petersen Automotive Museum was already a must-see for any car enthusiast visiting Los Angeles, and it's about to get a little better should you also be a James Bond fan. Opening Sept. 25 in the museum's appropriately named Grand Salon gallery will be the "Bond in Motion" exhibit of more than 30 cars, motorcycles, boats, submarines, helicopters and scale models used during the creation of the 24 official James Bond films. The timing corresponds with the Oct. 8 release of "No Time to Die," the upcoming 60th anniversary of the first Bond movie ... and hey, the release of our "All 24 James Bond movies ranked only by their cars." Highlights include many of the most famous Bond cars, including a 1977 Lotus Esprit S1 in submarine guise from "The Spy Who Loved Me," an Aston Martin V8 from "The Living Daylights," a 1999 BMW Z8 from "The World is Not Enough," the Aston Martin DB10 specially made for "Spectre," the post-flipped Aston Martin DBS from "Casino Royale," and one of the 1964 Aston Martin DB5s from the recent movies. I visited an exhibit of the same name back in 2013 at England's sensational Beaulieu Motor Museum. Although the one in L.A. won't be as comprehensive as that, simply due to logistics, many of the same vehicles and props will be present. You can see some of the photos from that exhibit below, and should you be a James Bond fan, can appreciate that it went much further than the Aston-heavy headliners above. In fact, it was hard to see what was missing from the collection. Tickets are on sale for the opening reception Sept. 23 featuring "one-night-only photo opportunities, live entertainment, food and martinis, shaken not stirred." Considering this is Los Angeles we're talking about, it's perfectly plausible this means noteworthy cast members from past films. Prices are $60 for general admission and $199 for VIP access, which includes exclusive access to the exhibit, "007 lounge" and a curated talk, plus complimentary food and a hosted bar.  The exhibit runs until October 2022.  AMC Hornet and Mercury Cougar XR7 View 22 Photos