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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.

2019 Aston Martin DBS Superleggera Volante breaks cover

With less than a month to go before the official unveiling, it appears that the 2019 Aston Martin DBS Superleggera has been spied in Volante convertible form. The car is very clearly related to the DB11 GT sports car currently available, but with a number of updates. It should also be lighter (hence the Superleggera name) and more powerful. The most notable exterior change is in the front fascia, particularly the main grille. The traditional Aston grille shape has been stretched downward in the style of the Rapide and the Vantage AMR Pro. It also ditches the classic slats for an aggressive black mesh. Flanking the grille are two large air inlets that surely provide more cooling to the engine. Their positioning would be ideal for brake cooling, too. On the hood, the new DBS Superleggera gets two large vents right in the middle. Based on a teaser image, there will be Superleggera badging in a classical script next to the vents. The hood also has a bit of a raised dome down the middle. Moving around to the side, the car is basically unchanged save for deeper side skirts. The rear also lacks much in the way of changes. It has sprouted an additional pair of exhaust tips. Interestingly, each side has a small tip and a large one. We're not sure if this is a stop-gap measure for the prototype, or if the different-sized tips will be a production feature. When the car is revealed in June, it will come with a version of the twin-turbocharged 5.2-liter V12 found in the DB11. It will almost certainly have more power than existing DB11 models, meaning it will have more than the 630 horsepower of the DB11 AMR. Rumors have even indicated as much as 700 horsepower. With the Superleggera name, it will likely be lighter than existing DB11s, too. And of course, expect a price above other DB11s. Related Video: Featured Gallery 2019 Aston Martin DBS Superleggera spy shots View 24 Photos Image Credit: SpiedBilde Spy Photos Aston Martin Convertible Luxury Performance Supercars aston martin db11 aston martin dbs superleggera

Bond in Motion car exhibit coming to L.A.'s Petersen Automotive Museum

The Petersen Automotive Museum was already a must-see for any car enthusiast visiting Los Angeles, and it's about to get a little better should you also be a James Bond fan. Opening Sept. 25 in the museum's appropriately named Grand Salon gallery will be the "Bond in Motion" exhibit of more than 30 cars, motorcycles, boats, submarines, helicopters and scale models used during the creation of the 24 official James Bond films. The timing corresponds with the Oct. 8 release of "No Time to Die," the upcoming 60th anniversary of the first Bond movie ... and hey, the release of our "All 24 James Bond movies ranked only by their cars." Highlights include many of the most famous Bond cars, including a 1977 Lotus Esprit S1 in submarine guise from "The Spy Who Loved Me," an Aston Martin V8 from "The Living Daylights," a 1999 BMW Z8 from "The World is Not Enough," the Aston Martin DB10 specially made for "Spectre," the post-flipped Aston Martin DBS from "Casino Royale," and one of the 1964 Aston Martin DB5s from the recent movies. I visited an exhibit of the same name back in 2013 at England's sensational Beaulieu Motor Museum. Although the one in L.A. won't be as comprehensive as that, simply due to logistics, many of the same vehicles and props will be present. You can see some of the photos from that exhibit below, and should you be a James Bond fan, can appreciate that it went much further than the Aston-heavy headliners above. In fact, it was hard to see what was missing from the collection. Tickets are on sale for the opening reception Sept. 23 featuring "one-night-only photo opportunities, live entertainment, food and martinis, shaken not stirred." Considering this is Los Angeles we're talking about, it's perfectly plausible this means noteworthy cast members from past films. Prices are $60 for general admission and $199 for VIP access, which includes exclusive access to the exhibit, "007 lounge" and a curated talk, plus complimentary food and a hosted bar.  The exhibit runs until October 2022.  AMC Hornet and Mercury Cougar XR7 View 22 Photos