Aston Martin, maker of $200,000 cars, recalling 5,000 in US

Aston Martin CEO Andy Palmer poses with the company's new Vantage car in November 2017.
Aston Martin CEO Andy Palmer poses with the company's new Vantage car in November 2017.PHOTO: REUTERS

NEW YORK (BLOOMBERG) - Best known as the maker of James Bond's favourite car, Aston Martin is recalling more than 5,000 vehicles in the US because of a pair of problems.

The Gaydon, England-based company, whose vehicles sell for more than US$200,000 (S$260,000), is recalling 3,493 DB9, DBS, Rapide, Virage and Vanquish vehicles made between 2009 and 2016 because of problems with the power train that "can cause the transmission park pawl not to engage," according to documents posted on the website of the National Highway Traffic Safety Administration.

"If the park pawl does not engage and the vehicle is stopped on a slope and exited without the parking brake being applied, the vehicle may unexpectedly roll, increasing the risk of a crash," according to NHTSA.

In addition, Aston Martin is recalling 1,953 DB9 and DBS vehicles because battery cables in the cars pose an increased risk of fire if damaged.

The company didn't immediately respond to a request for comment outside of normal business hours.

While the number of cars recalled may not seem large - Nissan executives last month took pay cuts over the recall of 1.2 million cars in Japan - it represents more than the 3,600 vehicles Aston Martin sold globally last year.

 The US, its biggest market, accounted for 20 per cent of those sales.

Led by its new US$150,000 Vantage model, the company said last month it sold 3,330 cars in the first nine months of 2017, a rise of 65 per cent, at an average price of £150,000 (S$260,000).

The company announced this week that it is also recalling more than 1,500 cars in China after reviewing the security risks of all its models.