2020 Aston Martin Vantage Gt4 Competition Race Car on 2040-cars

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Canadian billionaire Lawrence Stroll leads $240 million Aston Martin investment

After months of rumors and speculation, Canadian billionaire Lawrence Stroll confirmed he led the purchase of a 16.7% stake in Aston Martin for GBP182 million ($239 million). The investment is part of a GBP500 million ($656 million) round of emergency funding that will help the British automaker overcome serious financial challenges. Yew Tree Overseas Limited, a consortium of international investors led by Stroll, built its stake by buying 45.6 million new ordinary Aston Martin shares on the London Stock Exchange, according to Autocar. Aston Martin raised the remaining GBP318 million ($417 million) by giving existing investors the opportunity to buy more shares, the BBC learned. It's not a full bailout, but it's close. Aston Martin ended 2019 in dire financial straits. Stroll will replace Penny Hughes as Aston Martin's chairman; CEO Andy Palmer is expected to keep his job. Several sources confirmed the Racing Point Formula One team owned by Stroll will be rebranded Aston Martin after the 2020 season, and Autocar reported the company will quickly need to eliminate jobs and slash costs. "The difficult trading performance in 2019 resulted in severe pressure on liquidity, which has left the company with no alternative but to seek substantial additional equity financing. Without this, the balance sheet is not robust enough to support the operations of the group," Hughes admitted in an interview with the BBC. Stroll's' appointment to the Aston Martin board comes as the company prepares to overhaul its product plan. It notably confirmed the rumors claiming it put the battery-powered Rapide project on the back burner until further notice, and it delayed plans to revive the Lagonda nameplate on a series of extra-luxurious electric vehicles until after 2025. The first car was originally scheduled to reach the market in 2022, but the battery technology is expensive to develop, and Aston must save about 10 million pounds (around $13 million) annually. The firm will instead focus on mid-engined sports cars. Still according to Autocar, it will begin delivering the 1,160-horsepower Valkyrie hypercar this year, and it's on track to launch the Valhalla in 2022. The Vanquish will go mid-engined shortly after. Delaying electric cars doesn't mean abandoning electrification, and Aston Martin hopes to release "a fuel-efficient, modular V6 engine with hybrid capabilities" by the middle of the 2020s.

Aston Martin requests exemption from stringent US safety regulations

If you were intrigued by the chance to buy a new Aston Martin Vantage GT for $99,900, it might be best not to wait too long. There is a slim chance that the Vantage and DB9 may not have much life left in the US because they don't meet new crash standards. Aston Martin has filed documents with the National Highway Traffic Safety Administration asking that the new pole and moving barrier crash safety requirements – internally referred to as FMVSS 214 – be waived for the two models. The company is claiming "substantial economic hardship" and says that it can't afford to bring the vehicles into compliance. We aren't talking about a huge number of vehicles here. The Rapide and Vanquish comply with the new rules, and Aston Martin predicts that it would import 670 Vantage and DB9 models into the States between September 1, 2014 and August 31, 2017. The automaker estimates it would cost around $30 million to make them compliant. The company has indeed been in rough shape in the not-too-distant past. According to the documents, sales volume decreased by about 48 percent from a high of 7,281 units in 2007 to 3,786 vehicles in 2012. The automaker had planned to have new models ready in time so that it wouldn't need an exemption, but the global economic crisis delayed it. Interestingly, the paperwork reveals that Aston currently plans to launch a replacement for the DB9 between September 2016 and August 2017. Aston Martin doesn't have very long for NHTSA to deliberate. The new rules go into effect for them on September 1, 2014 for hardtops, and September 1, 2015 for convertibles. While it would still be able to sell its other models here, it would certainly be a shock if it had to pull the the Vantage and DB9. Both documents are available in PDF format to download and read.

2023 Aston Martin DBX 707 First Drive Review | Supercar SUV

OLBIA, Sardinia – What is the definition of a supercar? It varies from generation to generation, from country to country, and from brand to brand. ItÂ’s the type of complex question that could fuel pub talk until the taps run dry. Aston MartinÂ’s supercars have historically been the low-slung two-door kind, but the British firm submitted a different answer by releasing the 2023 Aston Martin DBX 707. ItÂ’s an SUV that serves supercar-like power, supercar-like acceleration, and a supercar-like price. Does it deserve a spot in this elite group in spite of its family-friendly proportions? I traveled to the Italian Mediterranean island of Sardinia to find out. On paper, the 707 is a DBX with a more powerful engine – thatÂ’s one way to sum it up but itÂ’s cruelly unfair. Dig deeper and youÂ’ll discover hundreds of changes made to differentiate the two models, both in terms of design and in terms of driving dynamics. The grille is 27% bigger (itÂ’s not just BMW riding this train), the side skirts have been redesigned, thereÂ’s a carbon fiber spoiler attached to the top part of the hatch, and the rear bumper is now vented. One of the most striking design cues is the rear diffuser: loosely inspired by the unit fitted to the Valkyrie, it sticks out far beyond the bumper and looks ready to pick a fight with every curb that comes its way. Aston Martin told me you can still fit the 707 with a hitch, so thatÂ’s a relief. Wait: tow? With this? Certainly! Bolt that hitch on it and you can pull approximately 6,000 pounds. While some of these tweaks are purely aesthetic, others allowed Aston Martin to hone the DBXÂ’s aerodynamic profile. Adding splitters to the front bumper stabilizes airflow, for example, and Sam Holgate, Aston MartinÂ’s chief designer for mid-engined models and SUVs, pointed out that the 707 has about 5% less lift than the regular DBX. “Mainly, that came out from the front of the car by venting air out of the arches, but then we got it back with the rear spoiler, so this car is completely lift-neutral front to rear, regardless of whether youÂ’re traveling at high or low speeds,” he told me. In a way, the 707 is a laboratory that incorporates some of the feedback that Aston Martin has received about the DBX since production started in 2020. Buyers wanted soft-close doors; itÂ’s got them. And, there is one improvement that Aston MartinÂ’s engineering team is particularly proud of.