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Aston Martin makes RapidE electric car a limited edition after LeEco pulls out

Aston Martin was forced to scale back production plans for its first electric model after cash-strapped investment partner LeEco pulled out of the project, Chief Executive Andy Palmer told Reuters on Monday. The result, though, may be an even more exclusive car, aimed at customers who consider Tesla's top of the range $130,000 Model S to be a little too run of the mill. Aston Martin will build only 155 of its RapidE, about a third of the initial plan, and lean more heavily on Formula One engineering specialist Williams after the withdrawal of Chinese TV and smartphone vendor LeEco, Palmer said. The setback and Aston's response underscore the challenges and risks niche carmakers face as they scramble to address future demand for electrification from consumers and regulators. While the privately held Aston Martin brand benefits from the endorsement of fictitious spy James Bond, it lacks the backing of a large automotive parent that many rivals enjoy. "We've decided to make this car rare, which will obviously tend to push the price higher," Palmer said. "Aston Martin now plans to proceed independently, funding further development of RapidE by ourselves." Palmer agreed to be interviewed after sources told Reuters Aston Martin's partnership with LeEco had unraveled. Unveiling the alliance in February last year, LeEco and Aston pledged to launch an all-electric version of the Rapide S sedan in 2018. But the Chinese conglomerate has since slashed its electric car investments, including its U.S. startup Faraday Future's planned $1.3 billion factory in Nevada. Some Faraday suppliers, including seat maker Futuris and media provider Mill Group, have sued the company for non-payment, according to court records. Spokesmen for LeEco and Faraday did not respond to requests for comment on the end of the Aston partnership. Aston Martin declined to discuss its partner's business. $250,000 PRICE TAG Aston returned to profit in the first quarter, a decade after it was sold by Ford. Now owned by private equity groups Investindustrial and Kuwait's Investment Dar, the company is rolling out a new model each year under a taut recovery plan drawn up by Palmer, who joined from Nissan in 2014. Without LeEco's backing, the sports carmaker, based in Gaydon, Warwickshire, is pushing ahead as sole investor in the electric car, after paring down production and pushing back the launch date to 2019. The plan won board approval on June 21.

Aston Martin Vulcan revealed with 7.0L V12, more than 800 hp

Herewith, Aston Martin would like you to turn your attentions to its Vulcan – in case the sound it makes or the flames it shoots weren't still on your mind. Those two sensory incitements come from Aston Martin's V12, but one that has been bored out from the usual 5.9 liters to 7.0 liters. We haven't been granted a precise horsepower figure yet, but it's quoted as being more than 800. That heart lies just in front of a carbon fiber monocoque and is wrapped in a carbon fiber body, those bits assembled by company motorsports partner Multimatic – the same Canada-based Multimatic that will be fashioning the body for the coming Ford GT. This is an FIA-approved treat for the track only, so it's got a pushrod suspension with adjustable dampers and anti-roll bars, a six-speed sequential transmission, carbon ceramic discs and adjustable anti-lock brakes with Brembo calipers, and adjustable traction control. The 19-inch wheels in back rest on 345-section Michelin tires. The bad news: there will only be 24 of them, so if you want one you should get on the phone this instant. If you can get your name added to the list, you might also wish to sign up for the racing development program offered with it. Factory pilot Darren Turner, he with two GT1 class win for Aston Martin Racing in 2007 and 2008, will "support owners on their learning journey" as they are coached at tracks around the world. Vulcan owners will get classroom lessons on top of practical instruction in wares including the V12 Vantage S and One-77 as they work their way up to getting the most out of their Vulcan. On top of that, they can book time in Turner's Base Performance Simulators for virtual driving time. Or for the money all of this is sure to cost, they could just have a simulator installed in one of their Mediterranean lake homes. For the rest of us, the Vulcan contains design cues we'll see in future Aston Martins. We could know more about that, and its specs, when it's unveiled next week at the Geneva Motor Show. There's a press release below for now. ON TRACK FOR GLORY: ASTON MARTIN VULCAN PREPARES FOR TAKE-OFF - Geneva global reveal for limited edition, track-only, 7.0-litre V12 supercar - Motorsport-developed technology for extreme on-track performance - Expert tuition, technical support and experience programme for owners 25 February 2015, Gaydon: Introducing the Aston Martin Vulcan – a track-only supercar and the British luxury brand's most intense and exhilarating creation to date.

What does Aston Martin have planned for the name Aeroblade?

Aston Martin is working on something called Aeroblade, and the company recently filed a trademark application for the name. According to AutoGuide, the paperwork suggests the name could be used for a component, not for a model designation. The word indicates some kind of aerodynamic element, potentially in the form of an adaptive wing like those seen on the McLaren 650S, Bugatti Veyron, and so many Porsches over the years. Deployable spoilers allow a sports car to keep the airflow clean and undisturbed in some conditions and generate extra downforce under others. The use of the Aeroblade name for a component makes more sense than an actual model name. Aston typically starts its nameplates either with the letter V (as in Vanquish or the Vulcan pictured above) or DB (as in the current DB9 or forthcoming DB11). It has been known to make exceptions – like in the case of the Rapide four-door coupe or Cygnet city car – so we could be in for a surprise. The British manufacturer of luxury vehicles is working on a new generation of models to replace its current lineup. That includes a new platform to replace the aging VH architecture and a new engine under development with Mercedes-AMG. It's also working on bringing its first crossover to production, as previewed by the DBX concept at the Geneva Motor Show. Related Video: