A £1.2 Billion deal is close to being signed to bring over 3,500 and up to 15,000 jobs with a new massive car batteries plant adjacent to the Aston Martin Lagonda facility at St Athan, in the Vale of Glamorgan. UK start-up battery manufacturer Britishvolt has shortlisted the site at the former RAF base next to where AML (above) started making their luxury … [Read more...]
Newslines 26 May
British Finance Minister Rishi Sunak will rescue companies seen as strategically important on a “last resort” basis after other options run out. The Treasury told Reuters late on Sunday it may try to save those companies whose failure will “disproportionately harm the economy” and that could include Jaguar Land Rover which has been reported as seeking … [Read more...]
AM St Athan begin return to work early next month
Aston Martin’s St Athan factory will begin to return to normal later than initially thought and resume DBX suv production on 5 May. Work at the company’s UK headquarters site in Gaydon will begin later in the month. The majority of its employees are currently furloughed and those who continue to be laid off from 1 May will get 80% of their base salaries … [Read more...]
Global collapse of van production to be felt for 2020
Global commercial vehicle production volumes in 2020 compared to 2019 are forecast to be down 22 percent , some 650,000 units to 2.6 million units, in the wake of the COVID-19 pandemic, according to the most recent analysis from IHS Markit. Individual regional forecasts are set to a downtrend, and supply chain impacts are being felt, as the … [Read more...]
Newslines 20 April
Aston Martin is extending by a week production stoppages at its St Athan DBX plant until 27 April. Production will be suspended from today when it planned to restart because of the current global and local position concerning suppliers and employees, Aston Martin confirmed and Britain's biggest automaker, Jaguar Land Rover, has not set a date for restarting … [Read more...]
Aston Martin St Athan hit by virus fallout
Aston Martin Lagonda has suspended vehicle production at its plants in the UK, including at St Athan, home of its DBX crossover. The company, headquartered in Warwickshire, made the announcement today, and said the decision to halt production – for a scheduled four weeks – from tomorrow was in response to the Covid-19 (Coronavirus) pandemic. Aston Martin’s … [Read more...]
Opposition AMs call for Welsh Government investment probe
Welsh Government’s investment strategy has come into question after Aston Martin Lagonda revealed widening losses and slipping sales. The luxury carmaker was enticed to St Athan in the Vale of Glamorgan by the Labour Welsh Government with nearly £20m worth of taxpayer grants in the hope of boosting the South Wales economy. However, today’s financial … [Read more...]
Tradelines 26 February
The new DBX SUV has been given the Q-treatment of bespoke luxuries and features by Aston Martin. The Welsh-made luxury car will be shown in its latest Q-code design at next week’s Geneva motor show. Volkswagen's adding a range-topping premium model to its flagship Touareg line – the Touareg R. The versatile model’s 340 kW (462 PS) plug-in hybrid drive … [Read more...]
Rethink on EV models for Aston Martin Lagonda St Athan
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 … [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 … [Read more...]
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