Aston Martin’s St Athan project is rolling ahead and another 300 people are being interviewed for jobs as a further £500M investment is raised for the company today, writes Robin Roberts. A business consortium led by motor sport billionaire and Racing Point F1 team’s Canadian owner Lawrence Stroll has bought 45.6m new ordinary shares to make him executive chairman. This will bring in £182M and a … [Read more...]
£100,000 public money to ease impact of Ford withdrawal
A £100,000 investment fund will be set up to help Bridgend and surrounding area recover from the closure of Ford Engine Plant in the autumn. The money will come equally from Welsh Government and the Cardiff Capital Region funds to enable Bridgend County Borough Council study three projects. News of the investment and feasibility studies will be outlined later this morning when Economy Minister … [Read more...]
Grenadier steps up development of Welsh off-roader
One of the world's leading specialist engineering companies in off-road technology will develop the new Grenadier 4x4 to be built in Wales as part of a £600 Million investment. INEOS Automotive has announced an expansion of its partnership with global mobility technology company, Magna. Its subsidiary, Magna Powertrain, has been responsible for chassis and suspension development since the … [Read more...]
New plan to energise Welsh automotive sector
A new plan to energise the automotive industry and help it meet future challenges is being developed by the Welsh Government. Economy Minister Ken Skates will outline the new plan at an Automotive Summit at Hensol Castle later today and hours before the Welsh sector's annual networking dinner, where the keynote speaker will be Aston Martin CEO Dr Andy Palmer on the eve of opening the car maker's … [Read more...]
Wales’ Minister talks up new auto investment plan
Talks are "ongoing" to bring a new automotive company to Bridgend, where Ford will end engine production in a year's time, Wales Economy Minister Ken Skates has told radio listeners. WheelsWithinWales broke news of the initial plans last November to attract Ineos Automotive to Brocastle Industrial Estate and this spring Welsh Government said they were spending £10M of EU and UK funding to create … [Read more...]
Ineos car plant for Wales – speculation mounts
Work to prepare a 116-acre site in Bridgend for employment space covering more than 70,000 sq m will begin next month, Economy Minister Ken Skates said today, leading to speculation this is being readied for the £600 Million Ineos Automotive project. The Economy Minister confirmed that following the granting of outline planning permission for a development at Brocastle in Bridgend, the Welsh … [Read more...]
Ford Bridgend Engine plant shortlisted for new vehicle
Ford Bridgend Engine plant has been shortlisted to assemble the planned Ineos successor to the famed LR Defender. The Welsh location is lining up against a plant in Portugal, the CEO of Ineos Automotive Dirk Heilmann has confirmed after bosses of the UK chemical company visited South Wales and looked around the Ford plant along with Welsh Government representatives. Ineos plan to … [Read more...]
Car production & investment sharply down – SMMT
British car production fell by 9 percent last year - the most since the recession ten years ago. Analysis by the SMMT suggests investment slumped by nearly half due to fears about Brexit, said the SMMT. Volumes have also been hit by a crackdown on diesel, tougher emissions rules disrupting new vehicle supply and a slowdown in China, the world’s no. 1 autos market. Last year saw the fall … [Read more...]
Tradelines 21 February
The drive towards electric cars will create chaos in the supply chain for components, says Daimler. It has warned the overhaul of diesel and petrol engines will create issues for component suppliers and may threaten to put some out of business while others will struggle to meet demands for the products necessary in electric powertrains. Driverless cars and retail deliveries are unachievable … [Read more...]
