Chinese backers have moved to take a share of the quintessentially British Aston Martin Lagonda brand. Geely, who are behind Volvo, Polestar and Lotus, have taken a 17% stake of £234M in the Gaydon and St Athan luxury car makers and may raise it to 22%. The move makes the Chinese giant the third-largest shareholder in Aston Martin, behind the Saudi Arabian Public Investment Fund (18% holding) … [Read more...]
Tradelines 5 April
Zero-emission, long-range hydrogen-powered commercial vehicle innovator, Hydrogen Vehicle Systems, has confirmed its state-of-the-art zero-emission hydrogen-electric Heavy Goods Vehicle will have a range of up to 370 miles depending on load and route coupled with an industry-leading refuelling time of just 15 – 20 minutes. The eagerly anticipated HGV will be revealed at the Commercial Vehicle … [Read more...]
BREAKING NEWS: INEOS U-turn on Welsh car plant
Ineos has suspended plans to build its new 4x4 Grenadier in Wales. The company is now talking to Daimler about taking over a car plant it's vacating in France. In a blow to Welsh automotive manufacturing which promised up to 500 jobs at Brocastle, Bridgend, it said today, “INEOS Automotive can confirm that it is reviewing its manufacturing strategy for the new Grenadier in light of the … [Read more...]
Aston Martin to re-evaluate entry into WEC series
Aston Martin Lagonda has postponed development of its World Endurance Championship Hypercar race entry following the recent decision by the Automobile Club de l’Ouest and the International Motor Sport Association to harmonise the Hypercar class with the so-called LMDh prototype category in the WEC from 2021 and the US-based WeatherTech Sportscar Championship from 2022. This decision means that … [Read more...]
DBX is pivotal for AML and Wales
The new Aston Martin DBX SUV will be a pivotal model for the company and firmly put Wales on the map for motor manufacturing, some 260 guests were told today at the official opening of the luxury brand's new factory at St Athan, near Cardiff. Addressing an audience from around the world at the new plant, AML president and ceo Andy Palmer said it represents a big step by the company into a … [Read more...]
Aston Martin Lagonda plant officially opens
Aston Martin Lagonda this morning opened its £250M manufacturing facility at St Athan, near Cardiff. First Minister of Wales, Rt Hon Mark Drakeford AM joined Aston Martin Lagonda President and Group CEO, Dr Andy Palmer at a ceremony to officially open the British luxury marque’s new plant. While Gaydon continues to be the home of the company’s sports car production, St Athan is the home of Aston … [Read more...]
Newslines 28 October
Orders have opened for the SEAT Mii electric car with its 161m miles range from £19,300 inc grant. The first 300 orders will come with a free wall box charger and cable, 3 years service and breakdown cover. The European car market posted significant growth in September, as 1.28 million cars were registered with Golf ahead of Corsa and Clio. This increase was to be expected given the large drop … [Read more...]
St Athan Lagonda concept breaks cover in Geneva
This is the concept version of the futuristic luxury electric sports car Aston Martin Lagonda will be making in Wales inside three years. Aston Martin Lagonda presented the Lagonda All-Terrain Concept at the Geneva motor show today, continuing the journey with zero emission powertrain technologies in 2022 at a new state of the art facility in St Athan - Aston Martin Lagonda’s ‘Home of … [Read more...]