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Aston Martin plans to keep the internal combustion engine alive beyond 2030

As it stands, Aston Martin will be banned from selling gasoline-burning cars in its home country in 2030. California lawmakers want to push internal combustion technology off the scene by 2035, but Aston Martin's chief executive doesn't think that pistons, valves, and fuel injectors will completely disappear even as bans come into effect. "By 2030, 5% of business will still always be ICE. I never see it going down to zero," predicted Lawrence Stroll, Aston Martin's chairman, during the Financial Times Future of the Car summit. He added that there is "always going to be enthusiasts" who will request a powerful gasoline-fueled engine, and who will be able to pay for it. If it's not delayed, loosened, or reversed, the United Kingdom's blanket ban on internal combustion engines will mean that any new gasoline-powered Aston Martin sold within the nation's borders will not be street-legal starting in 2030. Owners will presumably be allowed to drive them on private property, like race tracks, and companies like Porsche are ramping up their efforts to present synthetic fuels as a viable alternative to premium unleaded. Across the pond, no such ban has been announced by our federal government -- at least not yet. 2021 Aston Martin DBX View 40 Photos Aston Martin plans to keep investing in gasoline-powered engines in the coming years; if the technology is getting regulated into extinction, it's going out with a bang. Stroll announced that some of the company's future models will continue using engines built by Mercedes-AMG, but they'll be tuned in-house. "Our current AMG engines are just that: AMG engines in an Aston. With this new deal, we will have bespoke AMG engines for Aston with different outputs, torque characteristics, etc. They'll still be AMG components, but they'll be bespoke-manufactured in Germany," he announced. As it stands, the only engine the carmaker gets from its German investor and partner is a twin-turbocharged, 4.0-liter V8, which powers a wide range of models. Its portfolio also includes a V12 it designed in-house, and a new 3.0-liter V6 is under development. Engines aren't the only bits with a "made in Germany" tag that future Aston Martin models will receive, however. Stroll confirmed that AMG's upcoming plug-in hybrid technology will permeate the British firm's range, and he revealed that the first electric Aston Martin will use drivetrain components (like motors and batteries) from AMG.

Aston Martin shares plunge to new low following half-year loss

LONDON — Shares in Aston Martin plunged 17% to a post-flotation low on Wednesday after the luxury British carmaker slumped to a half-year loss, the latest automotive firm to be hit by falling demand in Europe. Aston Martin, best known as James Bond's favorite marque, has been undergoing a turnaround plan since Chief Executive Andy Palmer took over in 2014, designed to renew and boost its model line-up and move into new segments. The plan led to an autumn 2018 stock market flotation. But its shares have since fallen by around three quarters from their 19 pounds float price to below 5 pounds, hit most recently by the group's weak performance in Europe, the Middle East and Africa, where half-year demand fell by nearly a fifth. The group posted a pretax loss of 78.8 million pounds in the six months through June from a 20.8 million pound profit in the first half of 2018. Its shares were down 17% at 4.71 pounds by 0748 GMT. "We are disappointed that our projections for wholesales have fallen short or our original targets, impacted by weakness in two of our key markets as well as continued macro-economic uncertainty," Palmer said. Overall wholesale demand grew by 6% in the first six months as the group posted strong increases in the Americas and Asia, but a decline in Britain and the rest of the continent prompted the carmaker to cut its full-year forecast. Aston has also been hit by expansion costs as it builds a new factory in Wales to make its first sport utility vehicle, and a lower average selling price. The company said that if it requires some additional financing it would pursue the funds from sources such as the debt markets. The global car industry has been hit by weakening demand in China and a drop in demand for diesel vehicles in Europe, as well as the cost of electrification. Nissan reported plunging profits last week and said it would undertake its biggest restructuring plan in a decade, axing nearly a tenth of its workforce. But 106-year old Aston also faces the risk of a disorderly Brexit disrupting its wholly British production, as delays at ports due to new bureaucracy could slow down the movement of vehicles and components. "We do not want a no-deal Brexit because of the disruption that causes to issues at the border," said Palmer.

Aston Martin Valkyrie Spider loses roof, swaps doors, keeps the speed

The Aston Martin Valkyrie family has officially expanded to three models with the introduction of the Valkyrie Spider at Monterey Car Week. And as the name suggests, it's a convertible. The new roof required a few tweaks, but the car is still basically the same as the hardtop. The Valkyrie Spider's roof is a removable hardtop made of carbon fiber and featuring hinged polycarbonate windows on either side. This is to allow easier entry and exit with the roof in place. Also, because the roof is removable, the Spider couldn't have the gull-wing doors of the coupe. So Aston Martin reengineered it to have butterfly doors. A few other undisclosed aerodynamic changes were made, too. Though Aston Martin didn't say by how much, the company did say the Spider is a bit heavier than its closed counterpart. But owners are unlikely to really notice since they'll be working with the same 1,139 horsepower from the 6.5-liter V12. And really, even if the weight change were noticeable, it would probably be covered up by the fact that you'll be able to hear that engine much better. It's still extremely fast, capable of around 205 mph with the top off, and around 217 mph with the top in place. Aston will build 85 Valkyrie Spiders. No pricing or availability was given, and there's a distinct possibility all the examples have been sold already. The people who are lucky enough to get one should expect their cars to arrive in the second half of 2022. Related video: