Aston Martin is investing £20 million, or about $33.4 million U.S., to expand its manufacturing plant in Gaydon, Warwickshire, England. Along with the investment, the automaker will also create 250 new jobs this year.
The expansion at the Gaydon plant is in preparation for the Aston Martin’s next generation of sports cars and includes a new chassis and pilot build facility, as well as an extension of the parts and logistics storage area, and new offices. In total, Aston Martin will add 10,000 square-meters (107,639 square-feet) to the plant. New jobs at Gaydon include engineering, manufacturing, and commercial positions.
“The improvements at Gaydon are a big step forward, and the development will enable us to streamline and finesse our manufacturing processes which, in turn, will allow us to be leaner and even more competitive,” said Keith Stanton, Aston MartinManufacturing Operations Director, in a release.
In total, Aston Martin plans to invest £500 million (about $835.3 million) to develop the British automaker’s next generation of high-performance sports cars. That investment is “the biggest investment program in the 101-year history of the brand,” according to Hanno Kirner, Aston Martin CFO.
Source: Aston Martin