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UK car output falls 14% in March, may get worse with no-deal Brexit

LONDON — British car output fell for the 10th month in a row in March, hit by a slowdown in key foreign markets, and the sector stands to suffer a lot more if the country leaves the European Union without a deal, an industry body said on Tuesday. Output tumbled by an annual 14.4 percent to 126,195 cars in March, the Society of Motor Manufacturers and Traders said. Exports, which account for nearly four out of every five cars made in Britain, were down by 13.4 percent. The SMMT said analysis it had commissioned predicted output would fall this year to 1.36 million units from 1.52 million in 2018, assuming London can secure a transition deal with the EU. If Britain has to rely instead on World Trade Organization rules for its trade with the bloc, which include import tariffs, output is forecast to fall by around 30 percent to 1.07 million units in 2021, returning to mid-1980s levels, the SMMT said. The forecasts were produced for SMMT by AutoAnalysis, a consultancy. Prime Minister Theresa May has secured a delay to the Brexit deadline until Oct. 31, giving her more time to try to break an impasse in parliament over the terms of Britain's departure from the EU. Foreign minister Jeremy Hunt traveled to Japan earlier this month to try to persuade the Japanese government and Toyota, which has a big presence in Britain, that London was determined to avoid a no-deal Brexit. "Just a few years ago, industry was on track to produce 2 million cars by 2020 — a target now impossible with Britain's reputation as stable and attractive business environment undermined," SMMT chief executive Mike Hawes said. "All parties must find a compromise urgently so we can set about repairing the damage and diverting energy and investment to the technological challenges that will define the future of the global industry." (Reporting by William Schomberg, editing by David Milliken)

Tom Brady, Aston Martin team up for special-edition Vanquish S

If we were to ask you what person comes to mind when we say the words "Aston Martin," who would it be? James Bond? No, are you crazy? New England Patriots quarterback Tom Brady is the person synonymous with Aston! Ok, no, not really, but the man has been involved with the company for a little while, having partnered for some sort of content series and a custom Vanquish S. Now that custom car, called the Tom Brady Signature Edition and built by Aston Martin's specialty vehicle division Q, has been revealed, and it's a seriously exclusive car with just 12 units being produced. For those who don't follow football, the production run of 12 cars isn't random. Brady's number on the field is 12, thus the number of cars produced. It also makes an appearance in a "TB12" logo found in badges on the exterior, and embossed on the seats. And of course, Brady's signature is found on the car, too, in the form of door sill plates. The badges aren't the only special touches added by Aston Martin's Q branch. The car features an array of carbon fiber body parts such as the grille, front splitter and rear diffuser. The whole car is painted a dark blue called Ultramarine Black, and it's complemented by a black leather interior. The interior also has a bit of blue lighting. It should be noted though that most of these cosmetic changes are also available on the regular Vanquish S models. These cosmetic additions and the exclusivity will cost you quite a bit of cash. According to ESPN, the car runs $359,950. Considering that a standard Vanquish S Volante starts at $311,650 before destination, and it can be customized however you'd like, even to look like a Tom Brady edition car, we would go that route. You could save even more money going with a coupe, which starts at $293,650 before destination. We also wonder if Brady will buy one of his special-edition cars, since ESPN reports he doesn't get one as part of his Aston Martin partnership. Related Video: Featured Gallery Aston Martin Vanquish S Tom Brady Signature Edition by Q News Source: Aston Martin, ESPN.comImage Credit: Aston Martin Celebrities Aston Martin Convertible Luxury Performance aston martin vanquish q by aston martin tom brady

Cash influx could help Aston Martin double sales

Aston Martin is on the verge of a major product overhaul – complete with new architecture and powertrains. And good thing, considering that the Vantage and DB9 are each about a decade old. But to make it all happen, the British automaker is going to need a massive capital influx. Fortunately, that's just what it got when Investindustrial came on board. The Italian private equity fund, which previously owned a large chunk of Ducati and is now building a Ferrari theme park in Spain, bought a 37.5 percent stake in Aston Martin back in 2012. The acquisition reportedly cost Investindustrial the better part of a quarter billion dollars, but that's not the end of the firm's investment in Aston. According to Bloomberg, Investindustrial is now pouring even more into the Gaydon-based marque to help fund its product blitz. The output of that investment is expected to be announced at the upcoming Geneva Motor Show. That's where Aston's new chief executive Andy Palmer (whom Investindustrial reportedly helped poach from Nissan) is tipped to announce the company's new product plan that is earmarked to help double the company's sales from around 4,000 units last year to as many as 8,000 once those new products reach the market. The plan will assuredly include replacements for Aston's trademark luxury GTs, but could also encompass a new crossover utility vehicle to give it a greater foothold in growing markets like China while taking on similar new products from key rivals like Bentley and Maserati. While those two competitors are owned by larger auto groups – Volkswagen and Fiat Chrysler, respectively – Aston is independent. It's brokered a deal with Mercedes (thanks once again in no small part to Investindustrial) to help with components it can't effectively develop in-house, but the cash injection will be critical to the brand's revival plans.