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...]
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...]
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...]
Newslines 21 May
Aston Martin will soon have new dealerships in multiple European destinations, after signing agreements with six new dealer partners. The company’s transformation plan ‘Project Horizon’ identified a need to focus on this growing region and the fact that six new dealerships are already open, or opening soon, demonstrates the substance and power behind the plan and the company's first SUV, the St … [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 to customers. The DBX is built … [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 year compared to 3,394 last year, … [Read more...]
Newslines 11 February
Wales has some of the best drivers in Britain. Rooster Insurance looked at driving records and found just 12% of Welsh drivers had committed offences compared to 34% of Londoners in five years. The FIA has paved the way to a promising co-operation with the World Rally Championship Promoter Group for the promotion of the FIA World Rallycross Championship. The FIA and WRC Promoter will work … [Read more...]
TVR begin Welsh factory preparations
TVR is pushing ahead with plans for its proposed car production plant near Ebbw Vale. Jones Brothers (Henllan) Ltd has been awarded the principal contract for a significant programme of works including replacement of the main building’s roof, the recladding of the building, extensive groundworks and also preparation of a prototype build area at the side of the intended main production area and … [Read more...]
Christmas 2020 roadtest: Aston Martin DBX
Christmas cheer comes in the shape of the new Aston Martin DBX, writes Robin Roberts. Aston Martin is a survivor in a world of hard knocks and is now looking for a smoother ride with their latest DBX sports utility vehicle. After 100 years of making some of the most sought after sports cars in the world it has applied its knowledge to what it sees as a family car, albeit for a well off … [Read more...]
Battery plant is a non-starter for Wales
Wales has lost another massive automotive investment. The £2.6 Billion Britishvolt gigaplant which held the promise of 5,000 construction jobs and 3,000 permanent posts will not now be built at St Athan and the company says it will go to a 230 acres site in Blythe, Northumberland. The decision follows a few months of talks with Welsh Government during which time Britishvolt appointed Italian … [Read more...]
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