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Aston Martin to turn an air force base into a factory to build DBX crossover

To build its upcoming DBX luxury SUV, Aston Martin needs a new factory. A year ago, the British manufacturer announced having chosen the site of St. Athan in South Wales, and the former Royal Air Force base has now been officially handed over to Aston Martin. It's a part of a growth plan outlined by the carmaker, and the site was chosen from 20 potential ones all over the world, to accompany the existing manufacturing facility in Gaydon, Warwickshire. The two factories will create 1,000 new jobs by 2020, and Aston Martin will boost employment in Wales with a further 3,000 jobs across its supply chain and local businesses related to car manufacturing. The three hangars of the location will be converted into a car factory by 2019. The former military site was formally handed over from the British Ministry of Defence to Aston Martin by Secretary of State Sir Michael Fallon at a ceremony today, including Aston Martin President and CEO Dr. Andy Palmer, and Secretary of State for Wales, Alun Cairns and Welsh First Minister, Carwyn Jones. It's been a special day in Wales as conversion of #AstonMartinStAthan starts ahead of DBX production in 2019: https://t.co/9e6nqQiob4 pic.twitter.com/K6v3D3TPJd — Aston Martin (@astonmartin) April 6, 2017 "Due to its sheer size and scale, the St Athan Super Hangars represented an excellent opportunity for us to build our second manufacturing facility, within the envelope of an existing structure. It is perhaps fitting that St Athan is, like our headquarters and sports car factory at Gaydon, a former Royal Air Force base", says Andy Palmer. Related Video:

Aston Martin DBS 59 limited edition celebrates 1959 Le Mans victory

David Brown — the "DB" in Aston Martin model names — first tried to put his company on the top step of Le Mans in 1949 with the DB2. It took 10 years, the DBR1 winning the world's most prestigious 24-hour race in 1959 with Carroll Shelby and Roy Salvadori behind the wheel. The second DBR1 came in right after, driven by Paul Frere and Maurice Trintignant. To celebrate the 60-year-old victory, Aston Martin Cambridge commissioned Q by Aston Martin to build a special-edition DBS Superleggera called the DBS 59. Finished in Aston Martin Racing Green, bronze detailing recalls the classic race car, while carbon fiber calls out to modern ones. The Aston Martin and Superleggera badging, front grille surround, and brake calipers are finished in a burnished yellow hue, the 21-inch forged wheels splashed with a contrasting bronze. A yellow arrow adorns the tire wall, a painted 5 inside a roundel adorns the fender underneath a Q by Aston Martin badge. Behind the rear aeroblade, bronze foil inlay lists the chassis and engine numbers of the DBR1. The roof gets gloss black carbon fiber. In the Chestnut Tan and Obsidian Black cabin, Q by Aston Martin re-created the original weave on the DBR1 seats to trim the seatbacks and door cards. The shift paddles and 59 Edition embroidery are finished in bronze, the speaker grilles embroidered with a circuit outline. A stitched note on the sun visor lays out the race details. Buyers who wish to go further can purchase a replica open-face racing helmet and goggles, facsimiles of Carroll Shelby's racing gloves, and a period-correct blue race suit. Only 24 examples will be created, one to honor each hour of the race. They'll be available exclusively through Aston Martin Cambridge.

Aston Martin posts deep quarterly loss as coronavirus pandemic dents sales

LONDON — Aston Martin posted a deep first-quarter loss after sales dropped by nearly a third due to the impact of the coronavirus crisis, though the luxury car maker said production of a crucial sport utility vehicle was on track. Aston Martin, popular for being James Bond's carmaker of choice, suffered a torrid time since it floated in October 2018, seeing its share price tumble from 19 pounds to around 40 pence. Dire conditions forced the company to bring in Canadian billionaire Lawrence Stroll to invest in the firm, while Aston said it will continue to review future funding and refinancing options to boost liquidity. The pandemic hit demand and forced factories around the world to suspend production. However, Aston resumed operations as its Welsh plant last week but not at its other site located in southern England as yet. "We were obviously fairly significantly hit by COVID-19, starting with China in January but more clearly in what we saw as it came across towards Europe and the United States," Chief Executive Andy Palmer told Reuters. The company posted a pre-tax loss of 119 million pounds ($145 million), compared with a loss of 17 million pounds ($21 million) last year, and said it could no longer provide an annual outlook. Its full-year loss in 2019 came in at 104 million pounds. Shares were down 5% at 36 pence, as of 07:35 GMT on Wednesday. The carmaker said production of its DBX SUV, which is key to boost volumes and appeal to new buyers including more women, was on track and had a strong order book. The luxury brand, which has seen core retail sales slump by an annual 31%, has furloughed staff, introduced additional safety measures and cut the pay of its senior management as part of measures to handle the crisis caused by the pandemic. Stroll, who hopes to pursue a turnaround partly by sharing Formula One technology with the firm's range of road cars, leads a consortium that took a 25% stake in the company earlier this year as part of a capital raise worth 536 million pounds. "Given the ongoing uncertainties, as is prudent, the company continues to review all future funding and refinancing options to increase liquidity," the company said on Wednesday.   (Reporting by Costas Pitas; Editing by James Davey and Sherry Jacob-Phillips)