The first production Connaught sports cars will roll off a brand-new production line later this year, following today’s announcement (29 March) of a new factory, R&D centre and HQ in Wales, the first car assembly plant in the country for over 30 years.
Up to £12m is being invested to get the 300bhp supercharged Type-D and its 162bhp hybrid-powered variant into production with ambitious plans to make up to 1000 cars a year by 2012.
“We’ve been working hard towards this moment for several years and are very proud to be starting production in Wales,” said Tony Martindale, Connaught’s joint founder.
Martindale and fellow ex-Jag staffer Tim Bishop launched Connaught in 2002 with their own money, developing the alloy and composite-bodied Type-D and its narrow angle V10 from scratch.
They have now been joined by several “high net-worth individuals” as co-investors who are together providing £8.5m to turn Connaught into a fully-fledged car company. A further grant of £3.5m from the Welsh Assembly completes the business package.