The West Midlands could be set for another car factory with Aston Martin considering a new plant to build 4x4s.
The luxury car brand, headquartered in Gaydon in Warwickshire, is said to be considering Birmingham or Bridgend, in South Wales, for a new factory.
Aston Martin is reported to have held talks with the Government and regional funding bodies over the potential of obtaining grants to support its plans to build an eco-friendly electric or hybrid 4x4.
A spokesman for Aston Martin said: “We are studying the business case for the DBX and a significant part of that involves how and where we build that vehicle.”
Last year, Aston Martin sold 4,000 cars, almost half of its record-breaking total of 7,300 in 2007, but plans to increase that to 16,000.
It is understood the firm is planning to attract more female, young and Asian drivers.
The DBX was unveiled at last month’s Geneva Motor Show.
The Aston Martin DB10 will feature in the next James Bond film Spectre which is currently in production and due to be released in November in the UK.