The brakes have been applied to electric vehicle plans at the Aston Martin Lagonda St Athan plant, it has been reported. The main investor behind a total £500M boost to the company’s balance sheet last week, fashion and motor sport entrepreneur Lawrence Stroll, wants plans and development rebalanced. Aston Martin president and chief operating officer Andy Palmer intended their new Welsh plant, … [Read more...]
£500M “good” for Aston Martin & St Athan, Welsh Minister
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...]
Five companies interested in whole Ford Bridgend site
Five major international companies have expressed interest in taking over the whole of the Ford Bridgend Engine Plant site, it was revealed today, writes Robin Roberts. They are among 21 businesses who have asked for details of the 1.2M sqft site when Ford end production there in September, said Welsh Economy Minister Ken Skates after meeting the Ford Bridgend Task Force seeking future use of the … [Read more...]
Newslines 16 December
Aston Martin wants to build “longer term relationships” with investors which may or may not involve an equity investment, as part of a funding review, Reuters has reported in media. Aston Martin reported a third quarter loss but is pinning hopes of a revival with the launch next year of its DBX SUV being made in St Athan, near Cardiff and unveiled last month (above) as well as a new luxury … [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...]
German rival to Welsh luxury SUV
The new Welsh-made Aston Martin DBX will have another rival for sales in 2020 after Mercedes announced a luxury Maybach version of its big SUV at the same Chinese show where the St Athan model was publically revealed on tuesday. The German car maker, who supplies the DBX 4.0V8 petrol engine, will use a hybrid version in its newcomer as well and aims to sell it for about $200,000 in the USA and … [Read more...]
Aston Martin St Athan officially opens next month
Wales newest car plant for Aston Martin will be officially opened on friday 6 December. This week it hosted the European exclusive unveiling of the DBX SUV which goes into production at St Athan and Economy Minister Ken Skates said, “Seeing the company deliver its first vehicle out of Wales is a very proud moment for Aston Martin and for Wales. In 2016 Aston Martin announced it had selected St … [Read more...]
Aston Martin DBX unveiled in Welsh assembly plant
The first Aston Martin DBX five-seat SUV will roll off new production lines in South Wales in Spring 2020, writes Robin Roberts. Breaking new ground for the 106-year-old luxury British marque, the DBX was unveiled simultaneously in the Beijing, China motor show and in the £250M St Athan, Vale of Glamorgan assembly plant today. The DBX marks a significant step for Aston … [Read more...]
AM DBX luxury to cost from £158,000
The Aston Martin DBX being built in Wales will cost £158,000 when order books open next week. It's globally unveiled in Beijing, China on 20 November and built in a multi-million pound new factory completed earlier this year at St Athan. The decision to use a bespoke chassis allowed Aston Martin’s design team – led by Executive Vice President & Chief Creative Officer, Marek Reichman … [Read more...]
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