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Aston Martin plans to float on stock exchange, the company is opening a factory at St Athan in 2019

The company will publish full details for the plans in September.

Aston Martin has announced plans to float on the stock exchange.

The car company - which is opening a new factory in St Athan - will announce more details for the plans next month. The move is being seen as a positive and part of the company's strategy to "deliver sustainable growth".

The new plant is set to open in the Vale of Glamorgan in 2019. Credit: PA Images

The new plant in St Athan is set to open in 2019. It's expected the factory will employ 750 workers before 2020.

Andy Palmer is president and chief executive officer at Aston Martin, he says the move is a "key milestone" for the company.

Today's results show that we have continued to deliver sustainable growth, margins and value for our shareholders whilst launching three new models and variants in the first half of the year.

– Andy Palmer, Aston Martin President