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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.

Aston Martin rules out going downmarket

When Aston Martin sat alongside Jaguar under the Ford umbrella, the two had to be careful not to step on each other's toes. That kept the top end of Jaguar's sports and GT lineup at bay, and in the years since they parted company, Jaguar has steadily moved up-market with new versions of the XK and now with the new F-Type. But does that mean Aston Martin will in turn start offering cheaper models? "No, not at this stage," Aston's US chief Julian Jenkins told AutoGuide.com. "If there is an opportunity that we can sit comfortably within we will go after it." But for the time being, the V8 Vantage will remain the brand's entry-level model, coming in just under the $100K mark in base Vantage GT trim. Enthusiasts will remember the Cygnet, a version of the Toyota/Scion iQ which Aston reskinned and sold to customers looking for a more compact, economical mode of transportation without skimping on luxury. But that model never made it to North America, and lasted only a few years before being discontinued in 2013. More recently, Aston branched into the four-door market, first with the Rapide and now with the Lagonda Taraf. The Lagonda Taraf is a four-door luxury sedan initially launched in the Persian Gulf, but under consideration for additional markets. The company has been on and off the fence regarding launching a crossover SUV like the Lagonda concept it showcased at the 2009 Geneva auto show to lukewarm reception. If Aston were to proceed with such plans, it would be up against the likes of the upcoming Jaguar F-Pace, Bentley Bentayga and Maserati Levante.

James Bond's Aston Martin DB10 sells for $3.5 million

We expect the person that just paid 2,434,500 pounds ($3.48 million at current exchange rates) for James Bond's Aston Martin DB10 from Spectre enjoyed a stiff martini after writing the check to Christies. The sale price shattered the original estimate of at least $1.4 million. The proceeds from the coupe's auction went to Medecins sans Frontieres, and the movie's memorabilia brought a total of 2,785,500 pounds ($3.98 million) for charities. Aston Martin made just 10 examples of the DB10 to shoot Spectre, but the crew modified most of them to film the movie's stunts. This was one of two that the production left untouched. It's also the first DB10 available for sale to the public, and actor Daniel Craig signed the car. The DB10 features a carbon-fiber body that's perfect for the world's best known secret agent, and underneath the beautiful design, these cars have the platform, 4.7-liter V8, and six-speed manual gearbox from a V8 Vantage. Even though they use production-based parts, Aston Martin doesn't certify the DB10s for public roads. However, we presume the new owner has a sprawling estate to enjoy his or her purchase. Related Video: