Author Topic: Aston Martin Tidbits  (Read 1333 times)

Offline UmroAyyar

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Aston Martin Tidbits
« on: March 20, 2007, 12:19:43 pm »
I think its appropriate to create a new thread for this, feel free to merge it with others if you like sirAquaman.
Rapide's a go and should work for the company, Volvo's safety features would give it very good credibility in the market.


Aston Martin will rely on Volvo to develop safety systems for its upcoming Rapide sedan, and we’re likely to see more Ford engineers playing a bigger role in designing Aston’s future models. The Blue Oval still retains a £40 million stake in the luxury brand, including ownership of the engine factory in Köln where Aston Martin sources its V8 and V12 engines. According to Sweden’s AutoMotor&Sport, Aston will also benefit from Ford’s advantage in procuring raw materials at discount, especially for aluminum.

Aston CEO Ulrich Bez confirmed that Volvo’s knowledge and resources on safety features would be utilized by his company, just as it was used for the DB9 and V8 Vantage. Experts from Volvo are helping to develop the stiff aluminum structure of the Rapide, including designing the B-pillar and side-members to optimise occupant safety during side impact collisions.

Now the rush is on to launch the Rapide sports sedan ahead of rival Porsche’s four-door Panamera. The proposed launch date for the new model is in late 2008 and it could potentially add another 1,000 to 2,000 units on top of the niche sports carmaker’s current production levels.
http://www.motorauthority.com/news/industry/aston-martin-calls-on-volvo-for-new-rapide/
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Offline Mitlov

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Re: Aston Martin Tidbits
« Reply #1 on: March 21, 2007, 01:26:15 am »
Aston Martin will rely on Volvo to develop safety systems for its upcoming Rapide sedan, and we’re likely to see more Ford engineers playing a bigger role in designing Aston’s future models.

Translation:  Finally coming down off his wild coke bender, Louis Vuitton's CEO realizes he doesn't know jack about cars.
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Offline Scaerio

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Re: Aston Martin Tidbits
« Reply #2 on: March 21, 2007, 02:27:09 pm »
 :rofl: :fiver:
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Offline UmroAyyar

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Re: Aston Martin Tidbits
« Reply #3 on: May 07, 2007, 10:15:29 am »
Kuwait firm puts Aston Martin stake in play for sale

The ink isn't dry on the contracts and the ownership transfer won't even be complete for another thirty days. However, Kuwaiti firm Investment Dar and its partner Adeem Investment Company are planning to put their stake up for sale. The consortium that purchased Aston was led by Dave Richards, backed by the Middle Eastern firms and American banker John Sinders. Using the best numbers we could find, Aston was sold for 479 million pounds, Investment Dar put up 240 million pounds, international banks pitched in 200 million pounds, and Ford retained a 40 million pound share. We don't know where the extra one million large went, but those are the numbers.

Investment Dar is the largest listed investment company in the Gulf. It says it has been getting bids daily and that it has planned to sell the stake, but we wonder if everyone knew that a sale would be in the cards and publicized so soon. According to Reuters, the Dar sale could happen any time, though it hasn't identified any bidders, and the firm would expect to make at least 20% profit. However, another story reports that Dar won't sell for at least a year and expects to make a 100% return on its investment. In the mean time, the company will help Aston focus on new models and expand its dealer network. Either way, we hope that this doesn't create any more instability for a great company getting back on its feet. And we really hope it doesn't do anything to interrupt the arrival of the Rapide.
Source, Reuters.
http://www.autoblog.com/2007/05/07/kuwait-firm-puts-aston-martin-stake-in-play-for-sale/

Offline sirAQUAMAN64

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Re: Aston Martin Tidbits
« Reply #4 on: August 20, 2007, 11:24:28 am »
The end of an era
Aston Martin plant was one of last to hand-build cars

Tony Lewin
Automotive News
August 20, 2007 - 12:01 am EST   
 
NEWPORT PAGNELL, England -- When Kenny Clarke drove the last Vanquish off the line at Aston Martin’s factory here on July 19 he was doing more than just marking the end of an illustrious model line.

He was signaling the end of a century-long tradition of hand-built luxury sports cars.

For with the simple but intensely symbolic ceremony marking the end of carmaking at Newport Pagnell, Aston Martin’s spiritual home for the last 50 years, the shutters close on the old way of doing business.

No longer will Aston’s €300,000 premium sports cars be lovingly shaped by skilled craftsmen using age-old techniques. The successor to the Vanquish will be assembled with millimetric, computer-controlled precision in the company’s surgically clean new factory at Gaydon, 80km away. The carmaker’s factory is directly linked to its design studios, r&d facilities and test track.

A more complete contrast to the intimate but dusty atmosphere of Newport Pagnell would be hard to imagine.

It’s a contrast that Clarke has decided not to experience. Chosen to drive the last Aston Martin off the assembly because of his 43 years of service with the company, the 58-year-old diagnostic electrician has decided not to transfer to Gaydon.
 


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An interesing history
1915: First Aston Martin car registered
1926: Aston Martin Motors founded after 2 bankruptcies; 3 different owners
1932: More financial problems; 2 changes of ownership
1946: Tractor entrepreneur David Brown buys the company
1954: Production moved from London to Newport Pagnell
1972: Sold to a succession of owners, approaching bankruptcy
1981: Victor Gauntlett and Pace Petroleum acquire company
1983: Gauntlett finds new backers: the Livanos shipping family
1987: Ford takes 75 percent stake
1994: Ford takes 100 percent stake; DB7 goes into production
2003: 7,000th DB7 completed; new Gaydon plant opened
2007: 80 percent stake sold to consortium led by Dave Richards; car building at Newport Pagnell ends

 

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Time to say goodbye

Against the background of popping champagne corks and excited recollections of past Aston glories, Clarke said that July 19 will be remembered as a sad day for his colleagues and for Newport Pagnell. “Some, like me, will retire,” he says, “others won’t be able to get jobs.”

Clarke calls himself a traditionalist, but he also understands that all things change.

“The company has to move forward.”

Those labor-intensive methods were Aston Martin’s hallmark and also its near downfall. The enterprise that provided James Bond with his gadget-laden DB5 for the 1964 hit movie “Goldfinger” rarely turned a profit in 80 years under a succession of cash-strapped owners.

Ford Motor took full control in 1994, but it was only in 2005-2006, the year leading up to the carmaker’s selloff to a consortium led by Prodrive’s Dave Richards, that CEO Ulrich Bez was able to report a profit.

Where is the CEO?

Yet Bez was conspicuous by his absence at the Newport Pagnell closing ceremony. Some said he was on holiday, others that he wasn’t comfortable at the old site.

“It’s probably best he’s not here,” whispered one veteran. “He’d probably have taken over all the speeches himself.”

The road signs on the entry to this quiet English town will continue to read “Newport Pagnell, Welcome to the home of Aston Martin Lagonda.”

The factory will be leveled to make way for a housing estate, but Aston Martin Works Service, a thriving business that restores and services up to 2,000 customers’ cars each year, will stay.

So for Clarke and many others, this place will remain the marque’s spiritual home.
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