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Aston Martin to cut 15 percent of workforce

Aston Martin has announced it will slash nearly 300 jobs, or about 15 percent of its total workforce, as part of a cost-cutting bid. The changes aren't going to come on the factory floor, though. Instead, according to the Unite trade union, the majority of firings will involve white collar employees – administrators, managers, and the like – at the company's headquarters in Gaydon, England, Bloomberg reports. In an emailed statement to the business outlet, Aston Martin said eligible employees will be offered early retirement options. While Aston said there'd only be 295 employees released, Unite put the number at no more than 314. "Collective consultation with employee representatives, including Unite, has begun and the company is working with them to minimize the risk of compulsory redundancies," the union told Bloomberg. Aston Martin added that this move will have no impact on the company's production figures, although it's unclear what it could mean for future vehicles, like the production DBX and upcoming DB11. Related Video:

Zagato reveals custom Aston Martin Virage Shooting Brake

Of all the pan-European collaborations, the decades-old partnership between Aston Martin and Zagato is among our favorites. It's a tie-in that dates back to the DB4 GT from 1960 and has materialized in numerous forms over the years since. What you see here is the latest. Unveiled today at the Chantilly Art & Elegance show in France, the Aston Martin Virage Shooting Brake Zagato follows in the same style as the DBS Coupe Zagato Centennial and the DB9 Spider Zagato Centennial one-offs revealed last year as part of Aston's 100th anniversary celebrations. It adopts a similar rectangular style to the previous two examples, but reinterpreted in a classic, low-slung, three-door wagon form to celebrate Zagato's 95th birthday. Completing the trilogy, this coachbuilt custom is based on the Virage model that itself was based on the DB9 and slotted in below the DBS until being discontinued two years ago. The atelier didn't reveal much in the way of technical details, but its underpinnings suggest it's powered by Aston's long-serving 6.0-liter V12 with 490 horsepower. Whereas the previous models were commissioned by American and Japanese collectors, the Shooting Brake was built for a European customer. This shooting brake follows in a long line of Zagato-bodied Astons including the aforementioned DB4 GT, the 1986 V8 Vantage Zagato and V8 Volante Zagato, the 2002 DB7 Zagato, the one-off 2004 Vanquish Roadster and the 2011 V12 Zagato. Scope out the latest in the quartet of images in the gallery above and the press release below. ZAGATO ATELIER ANNOUNCES THE WORLD DEBUT OF THE ASTON MARTIN VIRAGE SHOOTING BRAKE ZAGATO AT THE CHANTILLY ARTS & ELEGANCE CONCOURS D'ELEGANCE Chantilly, France (7 September, 2014) – For Zagato, 2014 is a very important year. It commemorates 95 years of continuous activity, innovative design and three generations of Zagato family leadership. Following the world debut of the Lamborghini 5-95 Zagato at the Concorso d'Eleganza Villa d'Este, Zagato Atelier continues celebrating its 95th anniversary with the grand debut of the Aston Martin Virage Shooting Brake Zagato at the Chantilly Art & Elegance. This mark's Zagato's second world premiere in 2014. This one-of-a-kind car was commissioned by a European client who desired an atelier-level, collectible modern car.

Aston Martin, Red Bull show off V12-powered hypercar

Not many companies are capable of developing true hypercars. Today, Aston Martin resoundingly declared it intends to be one of them, revealing a V12-powered mid-engine hypercar created in tandem with Formula One's Red Bull Racing. Codenamed the AM-RB 001, The two-seater will arrive in 2018 and will be built on a lightweight carbon-fiber structure. It will be assembled at Aston's Gaydon facility in the United Kingdom where the One-77 was built. Aston says between 99 and 150 road versions will be made, including the prototypes. Twenty five models will be created specifically for track use. Red Bull brags the customer list "reads like a who's who of F1 legends, moguls, and megastars." The AM-RB 001 is the fruit of a partnership between Aston and Red Bull that was announced in March. More details of the hypercar weren't immediately known, but the companies promise "unprecedented levels of downforce" created by aerodynamic elements underneath the car, which allows designers to execute the swoopy appearance shown in today's images. The V12 will be naturally aspirated, and the transmission and suspension are new designs developed by Red Bull. The power to weight ratio will be one horsepower to one kilogram, or 2.2 pounds. The projected will be marshaled by Aston chief creative officer, Marek Reichman, and David King, the carmaker's chief special operations officer who will oversee the build. Red Bull's side will be led by chief technical officer Adrian Newey. "The synergy between Red Bull Racing and Aston Martin is clear," Newey said in a statement. "I knew Red Bull Racing had the ability to handle the pure performance aspects, but Aston Martin's experience of making beautiful, fast, and comfortable GT cars is of great benefit to the project." Related Video: Featured Gallery 2018 Aston Martin Red Bull AM-RB 001 Design/Style Motorsports Aston Martin Coupe Performance Supercars F1 Red Bull Racing