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Weekly Recap: New bosses try to jump-start Cadillac and Lincoln

Both of America's domestic luxury brands seem to be stuck in neutral.
It's ironic that Cadillac and Lincoln got new bosses within days of each other this month. It's also a commentary on the fact both of America's domestic luxury brands seem to be stuck in neutral.

Aston Martin DBX flies on two wings in wild Mansory treatment

Subtlety, thy name is most definitely not Mansory. The German tuner has revealed its latest subject, an Aston Martin DBX outfitted with the company's signature gaudiness. If you can look past the visual assault, however, the car is notable for being the first tuned DBX. Mansory modified the Aston's AMG-built twin-turbo 4.0-liter V8 engine with a new ECU, bigger turbos, and reworked exhaust. That transforms the already powerful DBX from a 542-horsepower 516-pound-foot SUV into an 800-horse, 738-pound-foot behemoth. A shield-shaped badge reads "Mansory P800 Performance" just in case you have any doubts about its output, but nowhere is this alphanumeric sequence mentioned in its press materials. Mansory claims a 0-62 time of 3.8 seconds and a top speed of 202 mph. Brakes and wheels are not discussed either. The firm also claims that many of the aerodynamic changes are necessary to keep the DBX grounded as it reaches supercar speeds. Those include a widebody kit with pronounced fender vents, a front fascia that offers more openings than the Washington Generals, and the rear diffuser gives customers the choice of two placements for the dual exhaust. One places the tailpipes on opposite sides of the rear fascia, and one puts them side by side in the center. Many of these bits, including the side skirts, are made of forged carbon. We know it's supposed to be lightweight, modern and expensive, but we can't help but think they end up looking like the basic granite countertop in a Zillow flipper. You also may have noticed that the Mansory DBX has not one, but two elaborate rear wings. Each is made of forged carbon, and each also looks like a Klingon ritual battle weapon. You can have the Mansory DBX in any color you want as long as it's black with lime green. While the DBX's exterior isn't overly saturated in textmarker grun, the same cannot be said for its cabin. There, a dizzying pattern of chartreuse AM grilles on the seats, door panels and center console give life to the nightmare scenario of being trapped inside a Magic Eye poster. If you really have a jones for a faster DBX, may we recommend that you wait for the upcoming V12, which will likely retain Aston Martin's traditionally elegant styling. The DBX may have saved Aston Martin from financial ruin, but let's not ruin the DBX.

Saudi wealth fund to become Aston Martin's second-largest shareholder

Aston Martin's shares jumped 20% on Friday after the British luxury carmaker announced an capital raising that will see Saudi Arabia's Public Investment Fund (PIF) become its second-largest shareholder with an almost 17% stake. PIF's 78 million pound investment, together with a 575 million pound rights issue, will allow the 109-year-old company lower its debt and invest in new models. PIF will own a 16.7% stake in Aston Martin and will be entitled to two board seats, behind the 18.3% holding Chairman Lawrence Stroll's Yew Tree will have after the rights issue. The sovereign wealth fund, which owns stakes in electric carmaker Lucid Motors and British supercar group McLaren has been diversifying its oil-rich investment portfolio. For Aston Martin, the preferred ride of fictional secret agent James Bond which has gone bankrupt seven times in its history, the investment means it can secure its long-term future. Its current second-largest shareholder, German carmaker Mercedes-Benz AG will own about 9.7% after the capital raising. Debt-Ridden Inheritance "In 2020, I inherited a business in deep trouble that needed to be reset," Stroll told reporters. COVID-19 lockdowns and the disruption to global supply chains has slowed the company's recovery, he added. Half of the new capital will be used to repay debt that stood at 957 million pounds at the end of March. The company also pushed back the date at which it will start producing cash from 2023 to 2024. The carmaker said former owner Italian investment group Investindustrial and China's Geely had proposed up to 1.3 billion pounds in funds last week, which the board rejected. The pair would have injected 203 million pounds for a stake, making them the largest shareholder. Stroll said the proposal would have been highly dilutive to shareholders and believed it was a takeover offer in disguise. ($1 = 0.8446 pounds) (Reporting by Eva Mathews in Bengaluru; Editing by Arun Koyyur, Tomasz Janowski and Louise Heavens) Earnings/Financials Aston Martin