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Automotive
Dowlais Struggles as Share Price Plummets Amidst Industry Turmoil
The automotive industry has been grappling with a myriad of challenges, and Dowlais, the car parts maker spun off by Melrose Industries in April last year, has not been immune to these headwinds. Since its inception, the company's share…
BMW Poised to Overtake Tesla in UK Electric Car Sales Race
The electric car market in Britain is witnessing a significant shift as BMW closes in on Tesla's lead. According to the latest industry figures, BMW's electric car sales in the UK have surged to over 22,000 in the first seven months of the…
UK Governments 2030 Electric Vehicle Mandate Faces Resistance from Carmakers
The Labour government's ambitious plan to phase out the sale of new petrol and diesel vehicles by 2030 has hit a roadblock, with carmakers claiming that the targets are unachievable. The industry argues that the lack of charging…
Alpine floods hit Mercedes and Jaguar Production
Jaguar Land Rover is one of a number of luxury carmakers that have been severely affected by the flooding in Switzerland, which paralyzed a leading aluminium manufacturer.
After Novelis - an Indian manufacturer with a mill located in the…
Airbus tests electric engines for the future of aviation
After other net-zero projects failed, the aviation giant is now focusing on hybrid power.
Airbus will use small electric motors in its first hybrid aircraft to reduce carbon emissions using technology developed for automobiles.
The…
The debt crisis facing the former M&S boss’s car leasing company
The motor leasing company headed by Lord Stuart Rose, a retail veteran, is in debt due to the slumping prices of second-hand electric vehicles.
Moody's has placed Zenith Automotive - owned by the private equity company Bridgepoint - on…
Ferrari’s first all-electric car will cost over €500,000
Ferrari is about to launch its electric car, which will cost more than €500,000.
The new model will be launched next year by the luxury Italian brand best known for its petrol sports cars that have roaring engines.
According to…
BYD, China’s electric car powerhouse, charges into Europe
The men of Germany kicked off Euro 2020 in Munich on Friday. Munich has a rich football history, but also holds a special place in Germany’s self-image because it is home to BMW – one of Germany’s leading car exporters.
But it won't be…
Toyota bets big on small engines for the new hybrid age
The chair of Toyota told his executives, suppliers, and engineers that they needed to produce better internal combustion engine.
Akio Toyoda, racing under the name Morizo, said in January that "we will keep the flame of the engine…
Volkswagen sells solar panels to charge electric cars
Volkswagen will begin selling solar panels along with electric car chargers. The company claims that this move will reduce costs for drivers in half.
The German auto giant announced on Monday that it has teamed up Otovo, a solar panel…
Plug-in hybrids ‘costing £500 more a year to fuel than lab tests indicate’
According to an analysis of real data, drivers of plug-in hybrids that are in high demand pay £500 more per year for fuel than the manufacturers suggest. This is largely due to owners charging their cars less often than they should.…
Cazoo, an online car dealer, collapses in administration putting 200 job at risk
Cazoo the online car dealer, once valued at $8.5bn (£6.3bn), is now in administration and 200 jobs are at risk.
Teneo has appointed administrators to its business. The company was founded by Alex Chesterman. Chesterman is a serial…
Tesla Triumphs in Dispute to Extend Berlin Factory Despite Environmental Concerns
Tesla Inc (NASDAQ:TSLA) has scored a victory in its efforts to expand its Berlin factory, despite facing considerable opposition from environmental activists. The decision to extend its gigafactory in Gruenheide, Germany, was recently…
Vauxhall to sell cheap Chinese electric vehicles in UK and continental Europe
Global carmaker Stellantis will sell electric cars produced by its Chinese partner Leapmotor to Europe, including in the UK. It is criticizing Joe Biden for his decision to impose 100% tariffs on Chinese EVs that are imported into the US.…
Cazoo, a used car retailer, is poised to go into administration
Cazoo, an online car retailer,has failed to secure funding
The digital used-car business founded by the former Zoopla boss Alex Chesterman has filed an notice at the High Court that it plans to appoint administrator.
The British car…
Aston Martin says new models will drive profit after sales fell
Aston Martin Lagonda's first-quarter sales have been slow, but the group says that four new models or refreshed versions released this year will allow it to achieve revenue and profit goals over the next two decades.
London's sole listed…
McLaren’s loss more than doubles to £873m due to sales decline
The losses at British supercar manufacturer McLaren have more than doubled in 2023 to a record £873m due to production delays and a decline in sales.
The GT manufacturer's losses rose by 160pc, and its revenues dropped from £627.8m down…
Motoring leaders claim that Britain has fallen behind the EU in driverless cars
UK start-ups have launched their technology overseas despite the regulatory uncertainty
Industry chiefs warn that Britain is falling behind Europe in the development of driverless cars, as slow regulation forces new start-ups and their…