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1965 Aston Martin DB5 Convertible fetches record $2 million in Paris

Aston Martin and Ferrari may occupy similar territory in the current market for new cars, or at least overlap, but when it comes to their respective classics, they're in different leagues. While some classic Ferraris can sell at auction for eight figures, the highest prices ever paid for classic Astons work out to seven. That makes this latest result something of a world record. At its recent auction, held at the Grand Palais in Paris during the Retromobile classic car show this past weekend, venerated auction house Bonhams sold a 1965 Aston Martin DB5 Convertible (one of just 35 left-hand-drive models made) for the equivalent of $2.14 million. That makes it the highest price ever paid for a production DB5 - coupe or convertible - in the history of automobile auctions, driving the most successful automobile auction Bonhams has ever held in Europe. It was not, strictly speaking, the most ever paid for any Aston, however. That honor, according to Sports Car Market, goes to the 1955 DB3S racer that Gooding & Co. sold for $5.5 million at Pebble Beach last year. Nor was it the most expensive DB5 (modified or otherwise), after the highly modified one from the James Bond movies Goldfinger and Thunderball sold for $4.6 million back in 2010. This latest record easily eclipsed other production DB5s, though: The most we'd ever seen a standard model sell for was $1.65M at RM's auction in Monterey last year. Other high-priced Aston auctions include a Zagato-bodied 1960 DB4 GT "Jet" ($5M, Bonhams 2013), another DB3S ($3.7M, RM 2012), a '57 DBR2 ($3.4M, Christie's 1985), a Ghia-bodied '56 DB2/4 ($2.3M, RM 2013) and a series of DB4 GTs that have gone for between $2.2 and $2.7 million.

Andy Palmer leaves Renault-Nissan to serve as CEO of Aston Martin

Aston Martin has been without a helmsman since Ulrich Bez stepped down from the chief executive office at the end of last year, stepping back to serve as non-executive chairman in a semi-retired ambassadorial capacity. The British automaker, now on the cusp of a new era, has been running without a CEO since, but has now named Bez's replacement in Andy Palmer.
If you don't recognize the name, you should: Palmer has worked under the Renault-Nissan Alliance for decades now, rising through the ranks to become one of the top executives under Carlos Ghosn. Most recently he was serving as executive vice president of the entire group and chairman of the Infiniti brand, but like Carlos Tavares, who recently left Renault to run Peugeot, Palmer is now embarking on a new mission as CEO of Aston Martin.
Once the transition period is complete at the start of October, Palmer's role as Chief Planning Officer at Renault-Nissan will be assumed by Philippe Klein, who steps up from his current role as executive vice president of product planning for Renault. Read the statements from both companies below.

More V12 power, no turbos | 2017 Aston Martin Vanquish S First Drive

Like the last days of the dinosaurs, Aston Martin's $294,950 Vanquish S is one of a handful of extant Tyrannosaurus Rex – few big-capacity naturally aspirated engines still bellow rage at the world in general. So, six liters, twelve cylinders, 48 valves, and no turbos; hurrah. Well, as long as you're not buying the gas. As the delivery driver who brought this car to me observed: "Whatever I seem to do with this car, it never gives more than 14.5 mpg, where as long as you barely touch the throttle, the new DB11 gives you about 18." Aston's DB11, which debuted this year with a fresh chassis/powertrain architecture that will eventually underpin a new car with the Vanquish nameplate, is twin-turbocharged. The Vanquish S, with its extra power, is decidedly not. It's the off-duty moments that stymie gas mileage for naturally aspirated mills like the one in this car. Dragging that huge crank, con rods, pistons, and cams around plays havoc on economy when you aren't on it like jam on toast. At full throttle, there's not a lot in it, turbo or no turbo. The Vanquish is the most unlikely car ever to have almost not made it into production. The name was first used in 2001 attached to Ian Callum's toothsome aluminum/carbon composite coupe body, but then chief executive Uli Bez held it back for six months, officially because he didn't like the Ford Ka air vents. Unofficially, as he later admitted: "What no one wanted to hear at the time is that Vanquish was crap. I changed 200 things, and even then, it burned through gearboxes." At the heart of the Vanquish then and now is a V12 engine, effectively built out of two Ford Mondeo Cleveland V6 units. It's easy to scoff at such humble beginnings, but the rumor machine elicits Porsche and Cosworth involvement in its gestation. First introduced in the 1999 DB7 V12 Vantage, the engine was then tuned to 460 horsepower for the 2001 Vanquish, which also debuted Aston's bonded-and-riveted VH platform chassis. Over 2,500 of these amazing cars were sold in standard and (from 2004) S forms, though its robotized manual transmission was problematic.