Aston invests £20 million at Gaydon

Work is under way on what is claimed to be “one of the most significant and exciting developments” at Aston Martin.

Aston Martin’s factory and global HQ at Gaydon, Warwickshire for several years, is receiving a £20 million boost as the business prepares to “grow substantially” its manufacturing facilities and workforce.

Aston to share Daimler V8 powertrains

Aston Martin, which has achieved a 13 per cent increase in revenue for 2013 to £519 million, is to share development of “world-class bespoke V8 powertrains” with Mercedes AMG.

Aston Martin Holdings (UK) Limited, in announcing its full year results for the 12 months ended 31 December 2013, also revealed full-year EBITDA up 22 per cent to £84.8 million.

Aston Martin follows Bentley with SUV

Aston Martin’s Lagonda’s sport utility vehicle (SUV) has moved a step closer to reality and will be a joint development with Mercedes AMG.

The idea, first mooted with the Lagonda concept vehicle launched at the Geneva Motor Show in 2009, must have been hastened with the news last March that Bentley would develop an SUV, taking that marquee into unchartered waters.

Volkswagen AG has set the pace in developing SUVs in Europe, not only through its own brands but through links with Porsche.