Aston Martin announces £500m UK-Japan deal

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Aston Martin announces £500m UK-Japan deal

Aston Martin announces £500m UK-Japan deal: Aston Martin has announced a £500m trade and investment deal between the United Kingdom and Japan.

The luxury car brand said on Wednesday it would step up its exports to Japan, open a number of new offices next year and expand its dealer network.

The five-year deal will benefit its plants in St Athan in Vale of Glamorgan and Gaydon in Warwickshire.

Prime Minister Theresa May said the investment was “vital” as Britain prepares to leave the EU.

The announcement was made by the company’s president and chief executive officer, Dr Andy Palmer, during his visit to Japan as part of the UK delegation accompanying Mrs May.

The prime minister is aiming to allay Japan’s concerns over Brexit and drum up trade during the visit.

“As we prepare to leave the European Union, it is vital that we build on our existing ties with friends and allies,” Mrs May said.

“Aston Martin is a prime example of the innovative and world leading firms the UK is proud of and I’m delighted they are joining me on this important trade mission.”

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