Scores of jobs are on the line in Aston Martin's St Athan plant. The luxury sports car brand today announced a 20% cut in its 3,000 strong workforce in Britain, mostly at its Gaydon HQ and St Athan plants. Aston Martin has confirmed the firm's net losses jumped 52% last year to £493.2m. It has this month announced plans to raise some capital by … [Read more...]
Fleet Expo moves to British Motor Museum
A move to the British Motor Museum in Gaydon has been announced for the third annual AFP Expo, being held on 10 September by the Association of Fleet Professionals. The event, sponsored by Ayvens, is designed to create opportunities for AFP members – plus their colleagues and peers from across the fleet sector – to network, learn and collaborate. In … [Read more...]
Praise for Aston Martin St Athan plant
Aston Martin is committed to car making in St Athan. The reassurance about the Vale of Glamorgan plant's future was given by CEO Adrian Hallmark during questions after the luxury car business disclosed its FY24 results with investors this week. Aston Martin has reported a 3% decrease in revenue for the financial year FY2024, totalling £1.58bn ($2bn), down … [Read more...]
Aston Martin Wales jobs boost coming down the line
Aston Martin is creating hundreds of new jobs in South Wales to build its DBX SUV and in the Midlands to assemble Vantage and DB12 high performance sports cars. The automaker cited the launch of the new Vantage and DB12, coupled with the introduction of further new models in 2024 and continued demand for the DBX707, for the need to increase its … [Read more...]
Newslines 15 July
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 … [Read more...]
Newslines 24 September
Welsh road casualties fell by a third last year as the Covid-19 epidemic forced people to stay at home and make only essential journeys., according to Welsh government figures. There were 819 people killed or seriously injured in Wales in 2020 - a fall of 31% compared with 2019. BP is reducing fuel deliveries to its filling stations to conserve … [Read more...]
Electric vehicles power up British Motor Museum event
The British Motor Museum will host the Electric Vehicles Festival on Saturday. The Show, which began in 2019, will give visitors the opportunity to see hundreds of electric vehicles on display. All Fully Pure Electrics (BEV) are welcome to join the show for a celebration and display their vehicles including Electric Cars, E-Commercials, E-Bikes, E-Buses and … [Read more...]
Jobs going at Aston Martin, St Athan
Nearly 200 jobs or 26% of the Aston Martin Lagonda workforce are going at St Athan. The luxury car maker confirmed the losses today after Unite spelled out the situation. New management has taken over at AML and the backers have changed, suggesting it does not have the same financial support it had just 12 months ago when the first DBX SUV models were sent … [Read more...]
Welsh plant’s crucial role in Aston Martin plans
Aston Martin St Athan plant will play a crucial role in the company's recovery and future plans. The luxury car maker will almost double production at St Athan and its Garden, Warwickshire sites this year after working through stock it's held and which has plagued them since its 2018 shares floatation. The British company plans to make 6,000 vehicles this … [Read more...]
Newslines 16 March
A unique, record-breaking Triumph TR2 prototype sports car has been acquired by the British Motor Museum with £250,000 from the National Heritage Memorial Fund. One of just three prototypes of the extremely successful 1953 Triumph TR2 model produced by the Standard Motor Company, it is the only one known to survive. In May 1953, during speed trials at … [Read more...]
