Mercedes-Benz will continue holding a stake in Aston Martin through an investment fund. Aston Martin said today it was looking to raise £653 million pounds through a right issue to shareholders, bringing in Saudi Arabia's sovereign wealth fund as its second-largest shareholder after the Lawrence Stroll controlled Yew Tree Consortium and Mercedes-Benz AG will together invest £335 million pounds … [Read more...]
Tradelines 30 March
Škoda is offering new Fabia buyers 12-months free insurance with the brand’s fourth-generation supermini. It's is offering a £500 deposit contribution and a £199 Service Plan for customers who finance their FABIA with a Solutions Personal Contract Plan at 5.4% APR with one year’s free insurance. The Petrol Retailers Association has written to Transport Secretary Grant Shapps regarding his … [Read more...]
Tradelines 9 March
An unexpected decline in interest in electric vehicles on the Auto Trader marketplace could spell trouble for the Government’s green transport plans. Pure electric vehicles accounted for 11.6% of new car sales in 2021, up from 6.6% in 2020, but the headline figures tell a misleading story and Auto Trader, the UK’s leading online automotive marketplace, has long been warning that the sky-high … [Read more...]
Newslines 22 February
Jagaur Land Rover is reported in media to be well advanced on plans to develop a new pure electric car squarely aimed at the Bentley sector from 2025. It comes as other media stories say Ford, Renault and Mercedes-Benz are also looking at ramping up their electric cars, Toyota group has revealed a range of pure electric cars to replace all their existing models in a couple of years, while Lotus … [Read more...]
Aston Martin St Athan want 100 people
Aston Martin will create more than 100 additional jobs at its St Athan site in Wales, following the launch of its new DBX707 super SUV model. DBX707 will enter full production later this quarter at the ultra-luxury manufacturer’s plant in South Wales, with more than 100 new skilled automotive technicians required to support it. Last week, the company announced a handful of apprenticeships will be … [Read more...]
Newslines 11 February
Suzuki GB PLC has updated its Approved Used Car Programme which provides a more structured and clearer process in helping customers find their car of choice. Suzuki was voted the best Automotive brand in the Summer 2021 UK Customer Satisfaction Index which emphasises the strong relationships that the 150 strong dealer network has with its customers – both new and existing and customers browsing … [Read more...]
Aston Martin St Athan apprenticeships
Aston Martin has reiterated its commitment to supporting and developing the next generation of British talent and skills with the company today launching a drive to recruit over 40 early career positions at its Gaydon and St Athan sites. Announced during National Apprenticeship Week 2022, the ultra-luxury British manufacturer is inviting applications from high calibre individuals ready to rise to … [Read more...]
New Aston Martin DBX707 will boost Welsh plant
A new high performance 193mph Aston Martin DBX will go into production in the company’s St Athan, South Wales plant. The introduction of the new generation luxury SUV will boost work at the plant two years after it opened in December 2019 to make their first SUV. The newcomer builds on the qualities of the original DBX with the 4.0V8 engine boosted to 707ps and 900Nm with upgraded, faster … [Read more...]
Historic racing and the best British eccentricity
Opened September 1948 and closed in July 1966, Goodwood’s world-famous racing circuit was resuscitated in 1998 with an annual Revival meeting and almost 25-years later, 17th-19thSeptember, has grown to become not only a parody of its former self, but also the most successful UK motor racing meeting held annually, outside the British Grand Prix. That astute Revival light-bulb moment came from … [Read more...]
Aston Martin plan 950ps hypercar
The first Aston Martin hybrid sports car will develop a combined 950ps from its 4.0 litre twin turbo V8 petrol engine and twin electric motors driving front and rear wheels. The Valhalla has moved from concept to creation with its active aerodynamics and new eight-speed dual clutch transmission, racing tuned handling and suspension and will be the British company’s first mid-engined … [Read more...]