Aston Martin is close to deciding on where to build its new facility and Macedonia is on the carmakers’ list as a possible site location, two sources familiar with the matter said.
The new investment into a new production facility is part of an extensive expansion plan, as Aston Martin has to intensify its efforts to push for a revival of the brand and return to profitability. Its aim is to deliver both a crossover based off the DBX concept and electric supercars in the near future. One month ago, a source told Reuters that two British sites, one in the US state of Alabama and one in the Middle East, were being considered by the Aston’s board, a list narrowed from 19 possible initial sites to produce up to 5,000 DBX models.
But a new feasible location is on table again, as in the last few weeks Macedonia has made an improved offer to the British carmaker, which has previously said that any potential financial support is an important factor in taking a decision, according to the sources. “Macedonia is a recent and late contender having been previously ruled out,” one of the sources said. “They came back with a stronger bid.”
The source also said there was not enough clarity in the Middle Eastern option for being considered and that another site, the one in Sutton Coldfield, central England, “was a leading contender but has dropped a few balls of late.” An important government official in Skopje, who did not want to be named, confirmed that Macedonia was in the running. “We have made a good offer,” he said, without revealing any another information. Aston Martin, whose owners include Italian private equity group Investindustrial and Kuwaiti group Tejara Capital, is due to make a decision in the next few weeks.