View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 11, 2015

Aston Martin to finalise factory location by Christmas

Aston Martin plans to reach a decision before Christmas on the location of a new factory that will manufacture its new crossover.

Aston Martin plans to reach a decision before Christmas on the location of a new factory that will manufacture its new crossover.

The company will choose between one site in the US and two in the UK for the new plant which is expected to start operations by late 2017.

Before Christmas, the automaker also plans to lay off 300 workers as part of a major restructuring. These job losses would be in the technical and administrative departments, AutoExpress reported.

Chief executive Andy Palmer said: "Our workforce has doubled since 2007 but we are building half the number of cars, it does not make sense. We need to make our processes more efficient with less people, we are fixing the business."

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto