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Aston Martin names new CFO

Aston Martin is on the verge of a resurgence, instituting (among a great many other things) new top leadership, and that includes a new chief financial officer. Mark Wilson comes to Gaydon with a wealth of experience at British sports car manufacturers, having previously worked for Lotus and McLaren. His most recent posting, however, was as CFO and COO at renewable energy insurer G-Cube Underwriting. He'll take up his new job as Chief Financial Officer (and his place on the executive board) at Aston Martin on June 8, reporting directly to Andy Palmer, who in turn took up his job as CEO just this past September. Considering Aston was recently injected with an influx of cash, hiring a new money man was probably prudent. But hiring new top personnel, of course, isn't the only change Aston is making. It's got a new platform in the works, a new engine under development with Mercedes-AMG and a raft of new projects in the pipeline. That includes the replacement of every one of its models by the end of the decade and the addition of as many as three new model lines – particularly the DBX crossover that could be the first new Aston built in America. ASTON MARTIN NAMES MARK WILSON AS NEW CHIEF FINANCIAL OFFICER 14 May 2015, Gaydon: Aston Martin today announces the appointment of Mark Wilson as Chief Financial Officer. Joining the business on Monday 8 June, Wilson, will report directly to Aston Martin CEO Dr Andy Palmer and take a place on the Executive Board at the company's global HQ in Gaydon, Warwickshire. With a strong track record of senior automotive experience already accrued with McLaren Automotive and Lotus Cars Ltd, Wilson joins the luxury British sports car maker from renewable energy insurer G-Cube Underwriting where he held the post of Chief Financial and Operating Officer. Welcoming Wilson to the team, Dr Palmer said: "Mark joins us at what is, undeniably, an extremely exciting time for Aston Martin. We are currently implementing the largest investment plan in our history which will see a total remake of our product portfolio. By the end of the decade, not only will our current line-up have been replaced entirely, we will have added up to three extra model lines and entered new market segments.

1980 Aston Martin Bulldog concept will reattempt to break the 200-mph barrier

Aston Martin's 1980 Bulldog concept will receive a second chance to break the 200-mph barrier after it emerges from a complete, 18-month restoration. It was developed with all-out speed in mind — the British company had hoped the coupe would become the fastest car in the world, but it missed its target before getting shelved. Had things gone as planned, car-crazed kids in the 1980s would have grown up with a picture of the Bulldog on their bedroom wall. Aston Martin wanted to hoist itself up the exotic car pecking order by building the fastest car in the world, though it didn't envision more than a limited production run of 15 to 25 cars. Penned by William Towns, who also drew the Lagonda, the Bulldog looked like nothing else on the road (let alone in the Aston Range) due in part to its five center-mounted lights, and it broke with tradition by adopting a mid-mounted engine. Engineers floated a top speed of 237 mph, according to The Drive, but the Bulldog ran out of breath at 191 mph. Victor Gauntlett axed the project shortly after taking the top job at Aston Martin in 1981 because the numbers didn't add up; the firm wasn't in a position to chase speed records. Now, 40 years later, it's almost time to try again. Classic Motor Cars began the lengthy process of restoring the Bulldog on behalf of a private owner in 2020, and it enlisted the help of Aston Martin factory driver Darren Turner to see if it can break the 200-mph barrier once it's back in one piece. Richard Gauntlett, the son of the company's former boss, is overseeing the project. We don't know precisely when or where the speed run will take place, but Classic Motor Cars aims to have the Bulldog running by the end of 2021. In a statement, it said that the car is "well on the way to being restored." Restoring any exotic car from the early 1980s is a meticulous, expensive, and time-consuming process, and bringing a one-off concept car back to life increases the number of challenges exponentially. Classic Motor Cars can't order parts from Aston Martin, for example, and it's not able to study another example to find out how a specific panel is welded. It helps that the Bulldog hasn't been significantly modified over the past four decades, though some parts (like the door mirrors) were added later, and that it was complete when it arrived at the shop. Power for the Bulldog comes from a 5.3-liter V8 that's twin-turbocharged to 600 horsepower, figures that are still respectable in 2021.

Aston CEO claims Cygnet cancelled because Toyota is dropping iQ in 2014

While slow sales and a $50,000 price tag may have been contributing factors to the Aston Martin Cygnet being cancelled last month, Aston Martin CEO Ulrich Bez is pointing the finger at Toyota for the demise of this luxurious little city car. In a discussion with Autocar, Bez is quoted as saying that the ultimate reason the Cygnet was cut is because Toyota plans on dropping the iQ (on which the Cygnet is based) in 2014 - a claim denied by the Japanese automaker.
Interestingly, the article also cites another publication reporting that a Toyota importer in the Netherlands heard the same news as Bez, and it has already stopped importing the cars. If the European Toyota iQ is cancelled, that would likely spell the end of the slow-selling Scion iQ in the US, which has sold just 3,365 units through September (a drop of 51 percent year over year).
Regardless of why production of the Cygnet ended, Bez also says that a lack of support from Toyota on the project prevented it from being offered in the US or receiving a supercharged engine, which are two factors that likely would have made the car appealing to more buyers.