Mexican Media Brands
Aston Martin Targets U.S. for Growth in Post-Brexit Era
British luxury car maker Aston Martin Lagonda Ltd. is beefing up its presence in the U.S. to counter any negative impact on its domestic sales when the U.K. exits the European Union in 2019.
#labor
Share
British luxury car maker Aston Martin Lagonda Ltd. is beefing up its presence in the U.S. to counter any negative impact on its domestic sales when the U.K. exits the European Union in 2019.
CEO Andy Palmer tells Bloomberg News he is most concerned about changes in local content rules. Aston Martin imports its engines and transmissions from Germany, resulting in cars with only 45% British content. He says its vehicles could face a 60% local content requirement after Brexit.
Last year the company sold about 3,600 cars worldwide. About 20% of the total were delivered in the U.S., the brand’s largest market. The marque also is expanding in Japan, where Palmer aims to elevate sales by one-third to 400 units next year.
RELATED CONTENT
-
Marchionne Cancels Trip to Paris Auto Show
Fiat Chrysler Automobiles CEO Sergio Marchionne has cancelled a planned appearance at the Paris auto show on Thursday.
-
UAW to Continue GM Strike Pending Contract Ratification
The United Auto Workers union will continue its walkout at General Motors Co. pending ratification of a new four-year labor agreement by union members next week.
-
UAW Launches Strike Against GM
As expected, some 48,000 of the United Auto Workers Union members began a strike at midnight Sunday against General Motors Co. facilities in the U.S.