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Home BUSINESS NEWS FROM AROUND THE WORLD

New Silverstone project holds key for Aston Martin

by Gias
September 15, 2021
in BUSINESS NEWS FROM AROUND THE WORLD
2 min read
0
New Silverstone project holds key for Aston Martin
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Aston Martin could also be languishing within the mistaken half of the System One motor racing constructors’ championship, however Lawrence Stroll intends to alter that with a brand new £200 million facility at Silverstone.

The Canadian tycoon who backs the grand prix outfit and his buddy Lord Bamford, the multibillionaire chairman of the JCB diggers group, a co-sponsor of the System One group and a co-investor with Stroll within the listed Aston Martin Lagonda carmaker, yesterday inserted the primary ceremonial spade into the bottom in what can be an 18-month building mission.

Aston Martin groundbreaking
Otmar Szafnauer, Aston Martin Cognizant CEO and Workforce Principal was joined on the floor breaking by JCB Chairman Lord Bamford and Aston Martin Government Chairman Lawrence Stroll

The brand new 37,000 sq m facility — the dimensions of 5 soccer pitches — would be the headquarters for the motor racing group and consolidates varied premises that it owns. The brand new manufacturing facility is throughout the highway from the Silverstone grand prix circuit in Northamptonshire, the house of British motor racing.

The Aston Martin group is wholly separate from the carmaker, though they share frequent possession. The motor racing group is owned by Stroll, who can be Aston Martin Lagonda’s largest shareholder. The carmaker pays the group £25 million a yr to hold its title.

The mission can be Britain’s first all-new System One manufacturing facility for 17 years, following building of the McLaren Expertise Centre in Woking, Surrey. “It’s a model new, state-of-the-art, fit-for-purpose campus,” Stroll mentioned. “It can fulfil my ambitions to be combating for world championships.”



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