Billionaire Lawrence Stroll reportedly seeks major stake in Aston Martin

LONDON — Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported, sending the carmaker’s battered share price up nearly 15% on Thursday.

The British sports car maker’s share price has slumped since its initial public offering in October last year. The shares launched at 19 pounds ($24.50) before dropping for months and languishing at around 5 pounds for weeks as sales have failed to meet expectations. Its major shareholder is Strategic European Investment Group from Italy, which holds about a third of the company.

Stroll is the father of Formula One driver Lance Stroll, and is also famed for his car collection, regarded as one of the best collections of Ferraris in the world.

Stroll is heading up a consortium looking to take a “major shareholding” in Aston Martin, Autocar said on Thursday.

Two weeks ago, Aston unveiled the DBX, its first SUV, and is pinning its hopes on the model’s success.

Aston Martin declined to comment. Racing Point did not immediately respond to an emailed request for comment.

The carmaker’s shares were up nearly 15% at 5.79 pounds Thursday.

Source: AutoBlog.com

Aston Martin DB5 Takes A Beating In James Bond ‘No Time To Die’ Trailer

Q won’t be happy, however, because the classic sports car doesn’t stay in pristine condition for very long and takes a serious beating. In one of the final scenes of the trailer, the DB5 gets rammed by a Range Rover Classic, spins out of control, and is surrounded.Being a Bond car, the DB5 is equipped with gadgets and weapons to get Bond out of tricky situations. We never thought we would get to see a DB5 do donuts while firing mini guns mounted behind the headlights. We also get to see Bond drive a vintage Aston Martin V8 Vantage, which was last seen in 1987’s ‘The Living Daylights,’ but it doesn’t feature in any action scenes.
Source: carbuzz.com

Aston Martin could be bought by Canadian billionaire, report says

LONDON — Canadian billionaire and Formula One team owner Lawrence Stroll has formed a consortium to take control of U.K. sports-car maker Aston Martin, a British magazine reported.
Stroll has used connections he has made as owner of the Racing Point F1 team and through his son, F1 driver Lance Stroll, to form the group to take a major stake in Aston Martin, Autocar magazine reported.
Aston Martin has a goal to double its vehicles sales to 14,000 by 2023 but the company has struggled financially despite renewing its sports car range.The automaker posted a 13.5 million-pound ($17.4 million) loss before tax in the three months to the end of September.
Stroll’s consortium would take advantage of Aston Martin’s low stock price, Autocar said. He is betting that Aston Martin will deliver consistent profits after the company starts selling its first SUV, the DBX, next year, the magazine said. The DBX has received praise for its looks since it was revealed last month.

The Kuwait-based Adeem/Primewagon shareholding group owns a 36 percent stake in Aston Martin, while Italy-based InvestIndustrial has 31 percent. Daimler also has a 4 percent shareholding. The rest is publicly held. Autocar’s report did not say whose stake Stroll would buy.
Stroll is worth in excess of 2 billion pounds ($2.6 billion) after investing in brands including Pierre Cardin, Ralph Lauren and Tommy Hilfiger, according to Autocar, which said it had investigated his plans for Aston Martin with RaceFans.net.
Stroll has an extensive collection of Ferraris. He became involved in F1 after helping to secure his son a seat at the Williams F1 team in 2017. Stroll then bought the struggling Force India F1 team in 2018, renaming it Racing Point.
Aston Martin is also involved in F1 via its sponsorship of the Red Bull racing team. Red Bull and Racing Point are both based in Buckinghamshire, central England, not far from Aston Martin’s headquarters in Gaydon.
Autocar’s report prompted rumors that Stroll will rename the Red Bull team Aston Martin.
Aston Martin floated on the U.K. stock market October 2018. Its share price tumbled from a debut price of 19 pounds ($24.50) to a low of 3.71 pounds. News of the possible investment pushed the shares to 5.92 pounds at midday U.K. time on Thursday.
Aston Martin declined to comment when approached by Automotive News Europe.

Analysts have said the company may need to sell new stock to shore up its balance sheet, a path obstructed by a shareholder resolution in June that restricted management’s power to issue stock without approval.
In a separate hurdle, a further $100 million of financing depends on the company securing 1,400 orders for the DBX by June.
Bloomberg contributed to this report

Source: autonewscom

Billionaire poised to launch bid for major Aston Martin stake

Billionaire Lawrence Stroll is preparing a bid to buy a major stake in Aston Martin, Autocar can reveal following a joint investigation with RaceFans.net.

Stroll, father of Formula 1 driver Lance and owner of the Racing Point F1 team, is estimated to be worth in excess of £2 billion, having made his money investing and building up brands including Pierre Cardin, Ralph Lauren, Tommy Hilfiger, Asprey and Garrard.

He is also famed for his car collection, which is most notable for including what many regard as the most valuable collection of classic Ferraris in the world.

Both his business interests and car collection are reported to have given him the contacts to head a consortium looking to take control of Aston Martin, in the belief they can take advantage of its current low stock value and lower than expected sales prior to building the brand’s equity up again in future years, most notably by taking advantage of anticipated sales for the recently launched Aston Martin DBX SUV

Both the Racing Point F1 team and Aston Martin currently have bases at Silverstone, although Aston’s headquarters are in Gaydon, Warwickshire.

Lawrence Stroll declined to comment on the report when contacted by RaceFans.net.

Contacted by Autocar, Aston Martin also made no comment. As a listed company it is bound by strict regulations when it comes to official announcements regarding the stock market, and would be forced to confirm if a formal takeover bid had been launched. However, its stock price did rise by almost 20% in a day off the back of Autocar and RaceFans.net’s story.

Aston’s share price is currently hovering at around £5, up from a low of just above £4 but well down on its high of around £17. The majority of shares are currently held by the Kuwait-based Adeem/Primewagon group, while the Strategic European Investment Group, part of the Italian private equity group Investindustrial, currently holds around a one-third holding in the company. Mercedes parent Daimler also owns 4% of the firm – as well as supplying engines to the Racing Point F1 team owned by Stroll.

Source: AutoCar.co.uk

Matt Prior: The connectivity trend is a car with no wheels

Do you feel like you need a ‘third internet living space’? You’ll have one at home and at work already – unless you’re in education or retired, you lucky devil – and soon you’ll be offered a similar space in your car, according to Faraday Future, the electric vehicle start-up.

I say start-up, Faraday Future has been around since 2014, but this week we saw the interior of its FF91, said to go on sale next year. It’s the FF91’s insides that are set to become this ‘third space’, Faraday Future thinks. “The smart TV was introduced first in 2013 and changed the way we accessed digital content at home,” it says. “Faraday Future’s mission is to change the concept of digital life when we’re in our vehicles.”

To that end, the car gets 11 screens inside, of various sizes. The 10 smaller screens include digital instruments and rear-view ‘mirrors’; the biggest is a 27in HD TV built into the roof.

The seats recline to put occupants into the kind of position NASA reckons one naturally goes into during weightlessness, so is meant to be ultra-relaxing. Put me down for a fascinating examination of the smaller surface area inside my eyelids, in that case, but whether I’m snoozing or watching/browsing, there’s one thing I definitely can’t be doing, and that’s driving.

Source: AutoCar.co.uk

Opinion: Brabham is back and may be heading for Le Mans

Although often referenced as ‘Interlagos’, the Brazilian GP’s official name is the Autódromo José Carlos Pace – in tribute to a local driver who scored his only grand prix victory there in 1975. Pace might have achieved a great deal more in F1 but for fate’s intervention: he died in a light aeroplane accident in March 1977.

Pace spent the most fruitful phase of his F1 career with Brabham, whose designer Gordon Murray considered the Brazilian a potential future champion (and admits he altered his honeymoon itinerary in 1970 so that he could go and watch Pace competing in Formula 3 at Thruxton).

A major force in grand prix racing from the 1960s through to the mid-1980s, Brabham faded swiftly after former owner Bernie Ecclestone sold up and Murray moved on (initially to McLaren). Damon Hill was the last driver to start a grand prix for Brabham, finishing 11th – four laps in arrears – at the Hungaroring in 1992.

The marque lay dormant for many years, until David Brabham – youngest of company founder Sir Jack’s sons – won a lengthy legal battle to establish his family’s right to use its own name in an automotive context. The first fruit of that endeavour, the BT62 hypercar, was introduced last year and made its competitive debut in the low-key surroundings of a Brands Hatch winter clubbie on 9 November.

Source: AutoCar.co.uk

McLaren hybrid hypercar, Mercedes-Benz EQS, Nissan GT-R50 production model: Car News Headlines

McLaren’s CEO has revealed the first details on the automaker’s next-generation platform, which will support plug-in hybrid powertrains with electric front axles. The first model based on the new platform is coming as early as next year, and it could just be a hypercar rival to the Ferrari SF90 Stradale and Aston Martin Valhalla.
Mercedes-Benz engineers have been spotted testing more prototypes for the EQS electric sedan. The new model is also due next year. It isn’t a replacement for Mercedes’ S-Class flagship but an electric alternative. The design was previewed earlier this year by the stunning Vision EQS concept.
It seems Nissan has managed to snag enough buyers willing to drop $1.1 million on a GT-R50 by Italdesign to see the car enter production. Just 50 will be built, and the production version looks to be almost identical to the show car that Nissan unveiled last year to celebrate the 50th anniversary of the GT-R nameplate.
You’ll find these stories and more in today’s car news, right here at Motor Authority.
McLaren to challenge SF90 Stradale, Valhalla with hybrid hypercar in 2020
2021 Mercedes-Benz EQS spy shots and video
$1.1M Nissan GT-R50 by Italdesign will roll into customer garages by late 2020
Free and clear: BMW relents on charging for Apple CarPlay
Billionaire behind Racing Point F1 team reportedly eyes major stake in Aston Martin
Tesla Cybertruck aerodynamics could be better than other trucks, suggests Musk
This mint Acura SLX has the heart of a Honda Civic Type R
New cars are safer but most owners won’t have them for decades, says study
Review: The 2020 Mercedes-Benz GLB 250 plays all the right angles
Toyota vs. electric cars: Smart strategy, or Innovator’s Dilemma?
Source: MotorAuthority.com

Billionaire behind Racing Point F1 team reportedly eyes major stake in Aston Martin

Canadian fashion mogul Lawrence Stroll, the billionaire father of current Formula One driver Lance Stroll, is reportedly interested in acquiring a major stake in Aston Martin.
Motorsport outlet RaceFans on Thursday reported that Stroll Snr. is looking to take advantage of the drop in Aston Martin’s share price since the automaker went public a year ago. Aston Martin’s share price currently hovers around 5 British pounds (approximately $6.57), down from a high of about 16 British pounds shortly after the IPO.
Stroll Snr. in 2018 led a consortium that acquired the insolvent Force India F1 team, with the team rebranded Racing Point for the 2019 season and Stroll Jnr. paired up with Sergio Perez in the driver lineup. The consortium has invested heavily in the team and plans to expand the factory, located near the Silverstone Circuit, next year.
If the report proves accurate, there’s the chance Racing Point becomes an Aston Martin factory team, or at least races under the Aston Martin name. Racing Point currently runs power units supplied by the Mercedes-AMG F1 team, while Aston Martin also sources engines for some of its cars from AMG, so there’s already a connection there.
A potential conflict is the current tie-up between Aston Martin and Red Bull Racing. Aston Martin is the team’s title sponsor and the two have also collaborated on the Valkyrie, with Red Bull Racing Chief Technical Officer Adrian Newey having led the technical design of the hypercar.
Aston Martin has some prior F1 history. The automaker competed in the 1959 and 1960 seasons, albeit in just five races. The debut was at the 1959 Dutch Grand Prix with Roy Salvadori and Carroll Shelby each behind the wheel of a DBR4, though both were forced to retire due to mechanical issues.
Stay tuned.
Source: MotorAuthority.com

Bond does a machine-gunning Aston Martin donut in first ‘No Time to Die’ trailer

James Bond doesn’t just drive an Aston Martin. He doesn’t just do donuts, and he doesn’t just shoot machine guns. Double-oh-seven does donuts in an Aston Martin DB5 while Gatling guns pop out of its headlights and snipe his enemies. The stunt is one of the most eye-popping visuals in the first official trailer for the newest film in the Bond franchise, “No Time to Die.”

For the last time, a Bond trailer debuts with Daniel Craig as the lead man, and it puts all of the information we’ve been collecting throughout the past few months into an action-packed 2½-minute clip. The trailer starts exactly how we’d hoped, with a car chase between the DB5, Jaguars, and some motorcycles.

Even before the new footage, Aston Martin detailed exactly which cars we’ll see in the new flick. To some degree, the Valhalla, the DBS Superlegerra, the V8 Vantage, and the DB5 will all make appearances. While the DB5 seems to be Bond’s vehicle of choice, the trailer shows newcomer Nomi (played by Lashana Lynch) driving the DBS. In addition to the Range Rover seen flipping in the clip, we also expect to see the new Land Rover Defender in the film. 

As is typical of any Bond story, 007 seems to get caught in a trap, as he navigates his relationship with Léa Seydoux as Madeleine Swann and chasing Rami Malek, the new villain Safin. Here’s the synopsis straight from YouTube: 

In No Time To Die, Bond has left active service and is enjoying a tranquil life in Jamaica. His peace is short-lived when his old friend Felix Leiter from the CIA turns up asking for help. The mission to rescue a kidnapped scientist turns out to be far more treacherous than expected, leading Bond onto the trail of a mysterious villain armed with dangerous new technology.

We also see appearances from Ralph Fiennes as M, Christoph Waltz as Ernst Stavro Blofeld, Naomie Harris as Moneypenny, and Jeffrey Wright as Leiter. “No Time to Die” releases April 8, 2020.

Source: AutoBlog.com

Aston Martin DB5, Vantage and DBS Superleggera star in new James Bond ‘No Time to Die’ trailer

The latest James Bond trailer for the film ‘No Time to Die’ has been released, featuring three Aston Martins. The Valhalla supercar which has been confirmed to star as 007’s mode of transport in the film is yet to appear, however. 

James Bond-inspired Aston Martin DBS Superleggera launched

An Aston Martin DB5 takes centre stage in the trailer with the typical array of gadgets available – including machine guns popping out from under the headlights and bulletproof glass. 

A Vantage similar to the one which famously appeared in the 1987 Bond film ‘The Living Daylights’ also gets some screen time. A stealthy, all-black DBS Superleggera is prominent too – meaning ‘No Time to Die’ will feature at least four different Aston Martins. 

Confirmation of the DB5 and Vantage’s involvement came after a royal visit by Prince Charles to the film set at Pinewood Studios. HRH was pictured inspecting both an Aston Martin DB5 and V8 Vantage.

The new Land Rover Defender has been spotted on the set of the latest Bond film, although it’s notably absent from this latest trailer. Other Land Rover cars that will feature in the film include a Range Rover Sport SVR, a classic Series III and an original 1970 Range Rover. 

No Time to Die is due to reach UK cinemas on Tuesday 2nd April 2020.

What do you think of the flurry of Aston Martins in the latest Bond film? Let us know in the comments below…

 

Source: www.autoexpress.co.uk