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Tag: Aston Martin

  • Mercedes-Benz to increase its stake in Aston Martin

    Mercedes-Benz to increase its stake in Aston Martin

    Mercedes-Benz announced on Tuesday that by 2023 it will gradually increase, up to 20%, its stake in Aston Martin, becoming one of the largest shareholders of the British luxury car manufacturer.

    Daimler will speed up technical cooperation with Aston Martin, which will gain access to the next generation of Mercedes-Benz’s hybrid and electric propulsion systems, as well as other automotive components.

    This transaction is part of the recovery strategy developed by Aston Martin CEO Tobias Moers, a former head of Mercedes-AMG.

    After this, the German company will have the right to nominate a non-executive director to the Aston Martin Board.

    In Q3 2020, Aston Martin reported pre-tax losses of 32 million euros, compared to a profit of 47 million euros in the same period in 2019.

  • Staff begin phased return to work at Aston Martin Lagonda

    Staff begin phased return to work at Aston Martin Lagonda

    • Extensive and wide-reaching new safety measures are designed to reduce COVID-19 risk for Aston Martin Lagonda employees returning to work;
    • Staff at St Athan factory lead the way on 5 May; Gaydon to follow in due course;
    • The range of actions being taken exceeds latest Government advice.

    Aston Martin Lagonda is this week beginning a carefully planned phased return to work for a number of its manufacturing staff as the business looks to prudently restart car making while adjusting to the new normal in the nation’s ongoing battle to protect the NHS and overcome the threat of COVID-19. 

    Working closely with the trade unions, Aston Martin Lagonda has developed detailed return-to-work protocols to be followed by employees returning to their jobs at the brand’s manufacturing facility in St Athan, Wales.

    Production workers at the company’s global headquarters in Gaydon, Warwickshire will follow at a later date, as will office and support staff at Aston Martin Lagonda’s various other UK sites.

    The social distancing, health and hygiene instructions cover every aspect of a staff member’s interaction with work from preparing to leave home to arriving on site; navigating the site; breaks and mealtimes; falling ill whilst at work; dealing with visitors and contractors; and leaving the site.

    There is also detailed guidance on PPE management; travel between Aston Martin Lagonda sites; and pool car arrangements.  

    Dozens of individual actions and instructions have been drawn up to support social distancing, with carefully calculated limits on employee numbers on site and working at any given time to support staff actions.

    Appropriate PPE is being provided to all returning staff, for example mandatory use of masks at all time while on site, temperature checks on arrival at work are also being introduced. 

  • Aston Martin extends new cars warranties

    Aston Martin extends new cars warranties

    Aston Martin new car warranties extended, and service interval requirements relaxed to give peace of mind for customers.

    Aston Martin is working with its dealer network to help customers worldwide during the unprecedented lockdown conditions imposed to slow thespread of COVID-19.

    The brand will extend to 30 June 2020 all new-vehicle warranties that are due to expire, or have expired since 14 March 2020 or, in the case of China, since January 1st 2020. That is, broadly speaking, the period of lockdown in most countries where suchconditions exist.

    Aston Martin owners whose cars require a vehicle service during the disruption caused by COVID-19 are being assured that their warranty cover will be unaffected, and all cars serviced within three months or 2,000 miles (whichever is earlier) of the in-car service indicator will be protected in full by any applicable warranty.