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Major Aston Martin shareholder cuts stake in British carmaker

A top Aston Martin shareholder cut its stake in the British carmaker by nearly 5%, a regulatory filing showed on Monday. Italian private-equity firm Investindustrial Advisors Ltd disclosed a stake of 14.99% in Aston Martin as of May 29, compared with its previous stake of 19.92%. It was not immediately clear why the fund cut its stake.  Investindustrial is the company's second-biggest shareholder after Canadian billionaire Lawrence Stroll, according to Refinitiv Eikon data. The 107-year old luxury carmaker in May posted a deep first-quarter loss after sales dropped by almost a third due to the impact of the novel coronavirus outbreak. Aston Martin and the PE firm did not immediately respond to requests for comment. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Anil D'Silva) Related Video:

Aston Martin Project 003 details revealed in dealer brochure

Aston Martin showed the as-yet-unnamed Project 003 hypercar at the 2019 Geneva Motor Show. Now that the English carmaker is accepting deposits for the coupe, it has provided dealers with brochures for prospective customers. Two of those prospective customers let Carscoops and Diario Motor flip through the pages and see what the fuss is about. Each site words some of the specifics a bit differently, which we're not sure is down to the language in the brochure or the way it's written up. Carscoops says Aston Martin's targeting a combined 1,000 horsepower, DM says there will be 1,000 hp. Either way, it's a pleasant ballpark to play in. We say "combined" because there will be a brand new twin-turbo V6 in back and an electric motor on the front axle. The duo means all-wheel drive in addition to that potential four-figure horsepower. If Aston Martin does hit 1,000 ponies, that would put the "son of Valkyrie" just behind the Valkyrie, which makes all of its 1,160 hp with a naturally aspirated 6.5-liter V12 built by Cosworth. The brochure says dry weight will come in below 1,350 kilos, or 2,976 pounds. The brochure also asserts a power-to-weight ratio of 750 bhp per tonne. Working backward, that ratio would mean 1,012 hp if the 003 came in right at 2,976 pounds. Shifting through an F1-inspired eight-speed dual-clutch gearbox, the carmaker expects a 0-60 time of "less than 2.5 seconds," to be expected for a car about 100 pounds heavier than a McLaren 720S with at least 200 more horsepower. And according to Diario Motor's telling, top speed will crest 350 kilometers per hour, or 218 miles per hour; Carscoops says terminal velocity lies beyond 220 mph. Lots of Valkyrie tech will be adapted for the junior coupe, including the active suspension and active ride height, as well as platform control. A limited-slip differential will keep the back end in line with what we're sure will be fancy electric motor control on the front axle. Seems all that was said about the sci-fi cabin — which TopGear magazine's Jack Rix showed us recently — is that ingress and egress will be less challenging than on the Valkyrie. Only 500 units will leave the factory, in both left- and right-hand drive, deliveries to begin in 2021. American purchasers will need to leave $300,000 with their dealers to hold a place in line. Those monies will be applied to an MSRP that starts "at no less than GBP875,000" before options, or roughly $1.2 million in green money. AM-RB 003 View 9 Photos

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.