After many weeks of discussion and approaches from other parties, Aston Martin has confirmed agreement for Investindustrial to take a a 37.5 per cent stake in the company, in exchange for £150m of equity capital.
Since our update last weekend, negotiations have moved on a notch – most notably with news that Mahindra & Mahindra may have withdrawn from discussions, while several new players have entered the frame to acquire part or all of the Aston Martin shares owned by Kuwaiti company, Investment Dar.
Aston Martin employs around 1,800 staff including contract and agency workers, mostly in the UK, so it’s understandable that their trade union, Unite, is seeking confirmation that any capital received from the sale of equity goes into developing new products, rather than the pockets of current owners Investment Dar of Kuwait.
You may have heard the rumours which kicked-off a few weeks ago that Aston Martin was up for sale. I forget who started them, but it didn’t take long for the usual speculation to deduce this last great bastion of British performance motoring was to be snatched up by Indian tractor maker Mahindra and ruined.
Last month we featured an Infographic showing the Best of the Bond vehicle gadgets, featuring twelve of the film’s most clever cars. This time we’ve got a real test of your Bond-car knowledge with twenty-four of the wild, weird and wacky that have made an appearance since Doctor No. first appeared in 1962.
With the 23rd Bond film, Skyfall, due for release in the UK on 26th October, we thought it would be fun to share an infographic which explores the history of Bond cars and their vehicle-related gadgets.
Luxury sports car maker, Aston Martin, has sat atop the CoolBrands index since 2010, outdoing the likes of Apple, Rolex, Harley Davidson and Nike, but in this 50th anniversary of the James Bond films, the brand which made Britain’s most revered MI6 agent has dropped behind Apple and YouTube, into a lowly third place.
For those of us who bemoan the passing of Aston’s DBS – which was replaced by the new Vanquish during the summer – news of the revised DB9 will come as welcome news.
The DB9 now has the same 510bhp power output as the outgoing DBS, the same pronounced rear boot ‘flip’ and more chiselled looks than the car it replaces.
There’s no doubting that thanks to some exceptional individual and team performances at the 2012 Olympics, Cool Britannia is now very much back in vogue. Whether you’re lucky enough to have seen the action live, or have been watching at home, in a bar or at work, the sight of 000’s of Union Jacks waving in fervent admiration can only reinforce the feelings of pride and passion that resonate across this small island nation.
An open-air version of Aston’s most powerful Vantage will be available as a ‘limited edition’ in selected markets worldwide. The V12 Vantage Roadster is powered by Aston Martin’s 510bhp naturally aspirated 6.0-litre V12 engine mated to a six-speed manual gearbox.
Here is a name for you. Jann Mardenborough. He’s 20 years old. He has no fear. And by God can he pedal..
When you looks closely behind the headlines you’ll discover a car that’s been designed with considerable attention to detail, so it seems a shame that some people may dismiss Aston Martin’s new Vanquish as nothing more than a warmed-up DB9.