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Aston Martin to axe a third of jobs
Mon, 01 Dec 2008Aston Martin today announced 600 potential redundancies. It is consulting with the unions to lose 300 permanent jobs and 300 temporary staff By Tim Pollard Motor Industry 01 December 2008 14:00 Aston Martin announced at 2.00pm today that it is to cut a third of its UK workforce in a response to a slump in sales. The company, based in Gaydon, Warwickshire, said it today launched a consultation with the unions to cut 300 permanent jobs and 300 temporary posts – out of a total of 1850 employees.
Aston Martin IS up for sale. But you knew that.
Sat, 10 Nov 2012The Kuwait Investment Dar – Aston Martin’s biggest shareholder – is seeking a buyer for its 64 per cent share of Aston Martin. Just over a year ago, we reported that Aston Martin was up for sale, even though AML were emphatic the company was doing well and not seeking a new owner. But now it seems a year or more of trying to find a buyer on the quiet has failed, so Aston Martin’s biggest shareholder - the Kuwait Investment Dar with 64 per cent – has instructed Rothschild to advise on the sale, according to Bloomberg.
Australian Grand Prix (2013) RESULT
Sun, 17 Mar 2013A rain delayed qualifying ultimately saw a Red Bull front row for the 2013 Australian Grand Prix. Did the race see Red Bull follow on from 2012? The start of the 2013 Grand Prix circus saw a rain-delayed qualifying in Melbourne, but when the clouds cleared and qualifying was completed it was Red Bull dominating – Vettel on pole, Webber alongside – with Lewis Hamilton in the Mercedes taking third and the Ferraris of Massa and Alonso in fourth and fifth.