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Billionaire Lawrence Stroll’s £235 Million Venture Into Aston Martin

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Canadian billionaire Lawrence Stroll leads consortium to purchase stake of Aston Martin Lagonda after difficult trading conditions leave the car maker with no other choice but to seek outside funding.
Billionaire Lawrence Stroll
Billionaire Lawrence Stroll. Credit: Getty Images

The British marque whose shares are currently trading around 70% lower than their IPO launch in 2018, has had a particularly tough time last year with current chairman Penny Hughes stating “The difficult trading performance in 2019 resulted in severe pressure on liquidity which has left the company with no alternative but to seek substantial additional equity financing. Without this the balance sheet is not robust enough to support the operations of the group.”

Aston Martin Vantage in Tungsten Silver and Lime Essence
Sales of the Vantage have not met projections. Credit: Aston Martin

Billionaire Lawrence Stroll is confident however, that with the right investment and outside business acumen, the fortunes of Aston Martin can be turned around, saying “I believe that this combination of capital and my experience of both the motor industry and building highly successful global brands will mean that, over time, we fulfill Aston Martin Lagonda’s potential.”

Stroll, whose billions are largely attributed to early investments and subsequent business deals involving fashion brands like Tommy Hilfiger and Michael Kors, has long been affiliated with the car world.

His involvement dates back to the 90’s with the sponsorship of the Lotus racing team via his fashion brands, while 2000 saw the (family) purchase of the entire Canadian Mont-Tremblant race circuit and by 2018 Stroll was instrumental in the purchase of distressed Formula 1 team Force India (later renamed Racing Point).

Not to mention his extensive collection of vintage Ferrari’s and rare cars.

It comes as little surprise that Stroll has now turned his attention towards the British marque in need of a helping hand, once again leading a consortium of international investors in the purchase 45.6 million newly issued shares at £4 (down from the IPO price of £19) to raise £182 million immediately, with further planned investment to bring their total equity investment to £235 million for a 20% stake in the company. 

Aston Martin DBX SUV
Lawrence Stroll’s investment will help deliver the Aston Martin DBX SUV. Credit: Aston Martin

Aston Martin themselves are also planning further capital raising with the hopes of bringing total funding to £500 million in order to improve liquidity and ensure production of the DBX SUV models at the newly established Welsh factory.

As part of the agreement, Lawrence Stroll will replace Penny Hughes as the Executive Chairman of Aston Martin Lagonda and will also be looking to expand Aston Martin’s presence in the Formula 1, rebranding his Formula 1 racing team “Racing Point” to “Aston Martin Lagonda” as of the 2021 race season.

Race fans will be relieved to know Aston Martin will continue to sponsor Red Bull Racing F1 team through to the end of the 2020 race season and hypercar owners encouraged to know that the technology partnership between Aston Martin Lagonda and Red Bull Advanced Technologies will remain in place at least until Valkeryie deliveries roll out later this year.

And for those waiting in anticipation for Aston Martin’s electric offerings…. unfortunately, you may have to wait a little longer as all further investments into electric vehicles have been put on ice until after 2025.

Luxury Cars

Ares Design Reveals New Porsche 911 964 Turbo Restomod

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Luxury coachbuilder ARES Design Modena has revealed their latest project – a one-off restomod based on the Porsche 911 964 Turbo.
Porsche 911 964 Turbo by ARES Restomod
The one-off Porsche 911 964 Turbo by ARES restomod. Credit: ARES Design Modena

Coming off the back of a big year that saw ARES Design Modena release their first-ever wholly designed supercars (the S1 Project and S1 Project Spyder), ARES has started 2021 strong with the reveal of a new one-off restomod project based on the Porsche 911 964 Turbo.

Porsche 911 964 Turbo by ARES Side View
A new modified ducktail spoiler and Fuchs-inspired wheels offer a retro feel. Credit: ARES Design Modena

Launched in 1991, the Porsche 964 Turbo took some time to fans over (thanks in part to the 930 that bore the Turbo badge before it) but eventually found a place in the hearts of enthusiasts largely thanks to the unmissable whale-tail spoiler.

Porsche 911 964 Turbo by ARES Front View
Based on the 1991 Porsche 911 964 Turbo. Credit: ARES Design Modena

For this one-off design project, ARES Design Modena has refined the exterior of the 911 964 Turbo by modifying the ducktail spoiler and added new Fuchs-inspired alloy wheels (made famous by the 911 Carrera RS 2.7 of the 1970s) for a retro feel. Meanwhile, under the hood, the Italian luxury coachbuilder has modified the 3.6-liter six-cylinder boxer engine with a more powerful turbine and intercooler to produce an upgraded 425Hp.

Porsche 911 964 Turbo by ARES Rear View
Featuring a modified 3.6-liter six-cylinder boxer engine. Credit ARES Design Modena

Inside, the cabin has been refitted with new leather and tartan houndstooth upholstery (inspired by historic Porsche race cars) along with new gauges and a PCCM infotainment system specially designed for classic Porsches.

As a one-off project, no price has been released for the Porsche 911 964 by ARES, but interested Porsche owners are welcome to contact ARES Design Modena for their own custom restomod quote.

Porsche 911 964 Turbo by ARES interior
Historic racing Porsche inspired Houndstooth interior. Credit: ARES Design Modena
Porsche 911 964 Turbo by ARES Fuch-inspired Wheel
Fuchs-inspired alloy wheels. Credit: ARES Design Modena

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First US Deliveries of the McLaren Sabre Revealed

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The first deliveries of the new US-only McLaren Sabre hypercar have begun with a papaya orange, blue and Malboro-themed model making an appearance.
MrJWW McLaren Sabre Reveal Front View
MRJWW with McLaren Global Sales Manager Neil Underwood. Credit: MRJWW

The first deliveries of the new US-only McLaren Sabre hypercar have begun, with a few already having been captured on camera recently like this one revealed by MRJWW.

With a twin-turbo V8 engine producing 824bhp and 590lt ft and a top speed of 218mph, the twin-turbo V8 McLaren Sabre is the fastest and most powerful non-hybrid two-seater production car to date and has been homologated especially for US federal standards.

Developed under the code name “BC-03”, the new bespoke hypercar is a special 1 of 15 model that was created purely for a small group of West-Coast North American McLaren clients who desired a “show car made for the road” or as Neil Underwood Global Sales Manager of McLaren Special Operations describes the client’s request “ a car that has an enormous presence on the road but also wouldn’t look out of place on the concept lawn at Pebble Beach.”

MrJWW McLaren Sabre Reveal Side Rear View
Side view of the new McLaren Sabre. Credit: MRJWW

Collaborating directly with the McLaren Special Operations (MSO) team for just under two years, the owners took an active part in developing the McLaren Sabre and were even given the opportunity to drive the test mule to ensure the owners were able to fully customize every aspect of the vehicle to their liking, before final delivery.

MrJWW McLaren Sabre Wheel
Special cut wheel blades from a single piece of metal. Credit: MRJWW

With the McLaren Sabre explicitly designed for the US market, the designers at MSO did not have to adhere to the lengthy specifications for global registration and were afforded a few more freedoms in design. Many aspects of motorsport racing have also been incorporated into the McLaren Saber design, with features like the central dorsal fin and a prominent front splitter included and, for the first time on a McLaren, a large active rear diffuser.

The first deliveries to make an appearance have included a Malboro themed McLaren Sabre at the McLaren Beverly Hills showroom, supercar collectors @sparky18888/@VTM_theking_4 bright papaya orange Sabre and @thetriplefcollection’s carbon modica blue edition as seen below.

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Singer Vehicle Design Collaborates With Richard Tuthill On ACS Rally Porsche 964

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Singer Vehicle Design and rally specialist Richard Tuthill have joined forces to create two exceptional ACS rally Type 964 Porsche 911’s at the request of a client.
Singer Porsche ACS Rally Front Side Driving
A collaboration between Singer Vehicle Design and Richard Tuthill. Credit: Singer Vehicle Design

Californian-based Singer Vehicle Design is known for some of the most unique and tasteful Porsche re-mods, and their latest ACS rally-style Porsche restorations created at the request of a long-term client are no different.

Singer Porsche ACS Side View Jump
The Singer ACS in motion. Credit: Singer Vehicle Design

Partnering with UK based off-road competition specialist Richard Tuthill who has been rallying for decades and most recently won the 5000km 2019 East African Safari classic, Singer looked to the golden era of the 1980’s rally racing for inspiration to create their first-ever “motorsport-specification” restoration on a client’s 1990’s Type 964 Porsche 911s.

Led by Singer’s Design Office in California, a unique “All-terrain Competition Study” was undertaken as a collaboration between Singer Vehicle Design and Tuthill Porsche to ensure the client’s modified vehicles would be able capable of competing in off-road racing as well being able to demonstrate extensive all-terrain exploration capabilities.

Singer Porsche ACS Rally Front Side Beach
The result of the All-terrain Competition Study. Credit: Singer Vehicle Design

With assembly of the vehicles occurring at Tuthill’s UK facility in Oxfordshire, the result was two different vehicles – the “Parallax White” version, which focuses on high-speed desert rallying, and the “Corsica Red” version, which has been configured for high-speed, high-grip tarmac events.

“So much of what we’ve done for the last decade has been inspired by Porsche’s competition success and the All-terrain Competition Study provides us the opportunity to showcase that idea literally and vividly,” shared Rob Dickinson, Founder and Executive Chairman of Singer Group.

Singer Porsche ACS Beach Driving 1
Singer Porsche ACS Beach Driving 2
Singer Porsche ACS Beach Driving 3

“We at Singer are motorsport nerds in our hearts and demonstrating our understanding of the discipline required our off-road vision to display deeply legitimate competition credentials from the structural engineering, to the bodywork ethos, to the mechanical package. We’ve taken particular inspiration from the iconic Rothmans-sponsored 911 SC/RSs and 959s that conquered events like the Qatar International Rally and Paris-Dakar in the mid-‘80s and, at the request of our client, have reimagined these all-terrain 911’s in their honor while utilizing fresh perspectives and state of the art know-how.

Singer Porsche ACS Beach Rear
Inspired by the Rothman sponsored 911 SC/RSs and 959’s. Credit: Singer Vehicle Design

As is our habit, we chose to tackle our subject thoroughly, and we are proud to have found the best in the world -always our ambition –to help us reach our goals. Like Williams Advanced Engineering before them with the Dynamics & Lightweighting Study, Richard Tuthill and his incredible team have allowed us to bring our vision for the All-terrain Competition Study to life in the most spectacular way. We feel confident this machine can appeal to off-roading enthusiasm of all kinds, whether it be in the pursuit of professional competition at the highest level of adventure and exploration. ACS advances Singer’s capabilities in forced-induction, all-wheel-drive, off-road ability and dynamic response -all of which will support our ongoing mission. This pursuit of focused competition studies is something you will see more of from us in the future.”

Singer Porsche ACS Interior Side
Racing interior of the Singer Porsche ACS design. Credit: Singer Vehicle Design

Both Singer Vehicle resto-mods have dramatically increased the ride height, suspension travel, and overall strength. Carbon fiber body paneling has also been incorporated to ensure quick replacement can be achieved under rallying conditions, and the addition of a long-range fuel tank, an FIA approved roll cage, and two full-sized spare wheels guarantee’s the rally-specific vehicle means serious business.

Singer Porsche ACS Rally Editions
Singer Porsche ACS Editions: Corsica Red (Tarmac) and Parallax White (Rally). Credit: Singer Vehicle Design

In terms of engine power, the Singer Vehicle ACS Porsche 911 features a twin-turbo 3.6-liter “Mezger” engine capable of producing 450hp and 420lb-ft torque and combines with a flat-shifting five-speed sequential gearbox.

Singer Porsche ACS Tarmac Rear
The tarmac edition for high-speed, high-grip tarmac events. Credit: Singer Vehicle Design

While most of Singer Vehicles restoration’s are one-off designs, the commissioning owner of the two ACS restorations has kindly agreed to share the results of the “All-terrain Competition Study” with other clients who would like a Singer off-road design of their own.

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