ASTON MARTIN RAPIDE ON THE MOVE

Written on the 10 June 2011

ASTON MARTIN RAPIDE ON THE MOVE

ASTON Martin will move production of its four-door Rapide to the company's Gaydon headquarters in Warwickshire UK in the second half of 2012.

Due to constraints at Gaydon Aston Martin appointed Magna Steyr as a partner to produce the car at its facilities in Austria in 2008.

A dedicated facility - AMRP - at Magna Steyr's facilities was then established with pre-production of the Rapide starting in Q4 2009 before the car reached full production in 2010.

Aston Martin chief executive Dr Ulrich Bez says in 2008 there were facility restrictions at Gaydon which indicated that production of Rapide at Gaydon would likely compromise production of other cars.

"Now, three years on things are very different,” he says.

“Gaydon is more established, more flexible and more efficient. While our overall volume has not changed significantly, we now produce a far richer model mix - eight model lines (plus five variants) compared to three model lines (plus two variants) in 2008 - so Rapide production is now possible.

"I would like to place on record our gratitude to Magna Steyr and their team of dedicated employees who have become part of the Aston Martin family in the last few years and met all our requirements and expectations."

Work on readying Aston Martin's Gaydon headquarters for Rapide will begin immediately with a view to production commencing in the second half of 2012.


Latest News

CROMWELL TRADES STEADILY IN FIRST HALF

CROMWELL Property Group has maintained a steady operating profit at $0.045 per security in the first half of FY17,...

WHY NEXTDC'S STOCK IS SOARING

AFTER posting its interim result, NEXTDC (ASX: NXT) gained more than 12 per cent on the stock market before noon.
...

PWR PROFIT CRASHES AS DOLLAR RISES AND COSTS MOUNT

A RISING Aussie dollar has offset PWR Holdings Limited's (ASX:PWH) overseas growth in the last half, forcing a...

SUPER RETAIL GROUP RESULTS SHINE ACROSS THE BOARD

A WELL-planned and executed half has paid off for Super Retail Group (ASX:SUL) as it posts a net profit result up ...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter