Aston Martin starts production of DBX

Aston Martin says it has started production of its DBX car, the company has revealed

In a trading update this morning (26 June), Lawrence Stroll, executive chairman, said he was “enthusiastic and confident” after 90% of its dealer network has reopened and its St Athan plant was now producing cars again.

“After a couple of months in the business, I am as enthusiastic and confident in our multi-year plan to build on the inherent strengths of Aston Martin, its unique brand defined by beautiful design, engineering and the skills of its people to forge the foundations of a bright future as I ever was.”

Stroll confirmed that the company has received a £20m Coronavirus Large Business Interruption Loan Scheme (CLBILS) loan of £20m, while discussion are ongoing to secure up to £50m of trade financing in addition to the £39.7m already in place.

The company’s interim rResults for the six months to 30 June 2020 are due to be announced on 29 July.