Tokyo — British luxury sports-car maker Aston Martin Holdings has a Brexit contingency plan: crank up spending in the US, its biggest market. "We’ve been putting a lot of effort in the US," CEO Andy Palmer said in an interview in Tokyo. The reason is the company doesn’t think any contagion will spread to the US in the event consumer confidence drops when Britain leaves the EU," he said. In signs the car maker is spending more in the US, last month, Aston Martin made a foray into real estate for the first time to establish a broader luxury brand. Partnering with property developer G&G Business Development, Aston Martin broke ground on a 66-storey apartment tower in downtown Miami on October 18. The England-based company, known for its cars featured in James Bond movies, is among companies weighing options as the formal process of the UK exiting the EU drags on after last year’s vote. While possible non-tariff barriers, such as local-content rules and vehicle standards, worry him the ...
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