Aston Martin has announced that it will be making some staff redundant as part of a 'rebalancing' exercise.
The Warwickshire-based firm has been losing money for several years, and the company says it plans to 'support...operational performance'.
Since the start of 2015, we have been taking actions in support of operational performance, involving both hiring for key positions and eliminating certain positions.
That rebalancing process continues through this year and as a result, we will be making some positions redundant.
Globally, we have just over 2,100 employees, reflecting both production and non-production areas. Our focus for the remainder of the year is on non-production areas and we are asking all functions to achieve certain reductions based on business plan requirements.
Two lanes closed and very slow traffic due to overturned car on M40 Southbound between J12 B4451 (Gaydon) and J11 A361 / A422 (Banbury).
M40 Southbound blocked, stationary traffic due to accident between J13 A452 / B4100 (Bishop's Tachbrook) and J12 B4451 (Gaydon).
A collection of paintings will be put on display in London today as part of Aston Martin's centenary year celebrations.
The paintings by the British artist James Hart Dyke are based on visits to the Aston Martin factory in Gaydon in Warwickshire, and motorsport events including ones held at Le Mans in France and the Nurburgring in Germany.
Earlier this year, the Deputy Prime Minister, Nick Clegg, visited Aston Martin in Gaydon.
Aston Martin continues its year-long centenary party at the Goodwood Revival this weekend.
Its rarest and most highly-prized sports cars of the revival period, 1948-1966, will be on show, and in action.
Among the cars set to do battle on the West Sussex track include a brace of DBR1s, numerous DB3, DB3S and DB2/4 Mk IIIs, plus the 1961 Aston Martin Project 212.
Warwickshire Fire and Rescue have been called to a fire near the Heritage Motor Centre in Gaydon. 7 vehicles were found to be on fire around 3.30am this morning at a car storage area. Some of the surrounding bush and scrub area was also alight.
Midlands luxury car maker Aston Martin has unveiled its latest model during a visit to its factory by the Deputy Prime Minister, Nick Clegg, and the Business Secretary, Vince Cable.
The 'Rapide S' will be built at Gaydon in Warwickshire, in a deliberate move back to the Midlands from a production plant in Austria.
Andy Bevan reports.
Deputy Prime Minister Nick Clegg and Business Secretary Vince Cable, are in Warwickshire today to announce the latest government support for UK advanced manufacturing.
The ministers have headlined the day with a visit to Aston Martin in Gaydon, to see the new 'Rapide S' vehicles coming off the production line – a development supported by £1.6million from the Regional Growth Fund.
The move is expected to create 20 new jobs and protect over 70 current roles at Aston Martin's headquarters in Gaydon – plus it's new facility in Coventry.
Sixteen people have been injured in a minibus collision on the M40 this afternoon.
The minibus was on its side on the motorway, however no one was trapped when emergency services arrived at the scene between junction 11 and junction 12 in Gaydon.
Warwickshire Fire and Rescue received the emergency call at 15.24 BST
Sixteen casualties received medical treatment.