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Aston Martin sales UP in 2013 – new platform being developed
Tue, 29 Apr 2014Aston Martin sales and revenue up in 2013 Aston Martin has revealed its results for 2013 – its centenary year – which show the coolest car brand on the planet managed to increase sales by 11 per cent – to around 4,200 cars – and revenue to £519 million, an increase of 13 per cent over 2012. Aston Martin’s earnings before EBITDA (that’s earnings before interest, taxes, depreciation, and amortization) were up a strong 22 per cent to £84.8 million, demonstrating strong operating profitability, although actual earnings were marginal. But Aston Martin are bullish about the performance, and equally bullish about the future.
Is Jaguar Land Rover about to get in to bed with Chery Automobile in China?
Wed, 19 Oct 2011Jaguar Land Rover to partner with Chery Automobile Following on from yesterday’s report that Jaguar are upping the ante in India with plans to assemble the Jaguar XF and Range Rover Evoque in Tata’s back garden, we now hear that JLR has agreed a deal with Chery Automotive in China for a joint venture. We reported back in February that sources in China were saying that the most likely partner for Jaguar Land Rover would be Chery Automobile, and reports from China Daily say that things have moved on since February and JLR and Chery have now got as far as seeking government approval for a joint venture. When we had the news back in February about a possible JLR/Chery deal, we asked Jaguar about the reports.
Ssangyong Motor unveils new Design Center at Pyeongtaek plant
Fri, 14 Dec 2012Ssangyong has opened a new Design Center at its Pyeongtaek plant in South Korea. The new Design Center, which took 13 months to complete, has been opened to further integrate research and development into the company during the production process with the aim of "enabling synergies in diverse fields throughout the development process". Ssangyong designers will now be working in a facility spanning around 8,700 square meters compared to their previous building of just over 6,000 square meters in Anseong.