Automotive

Rivian's Q4 prospects are optimistic, but increasing investor frustration and management issues pose challenges for the company's future success.

Pendragon, a car dealer in France, is fighting to get a £260m claim of software fraud against it dismissed by the High Court. It wants to sell its dealerships. Court documents state that a Pendragon subsidiary was accused of fraud…

According to those briefed about the new government regulations, even though ministers are pushing back on a petrol car ban, the UK auto industry will have to meet mandatory targets for electric vehicle sales starting in January. After…

Pendragon, the UK's biggest automotive retailer, will sell its dealerships and concentrate on software. This ends a turbulent period during which its largest shareholder scuppered the company's efforts to sell itself. Pendragon announced…

Volkswagen is cutting nearly 300 jobs at a German factory as the demand for electric vehicles declines. Redundancies are taking place at the Zwickau plant of the auto giant, where another 2,000 temporary workers may also lose their…

BMW's chief has warned that a net zero ban on petrol or diesel cars could lead to the extinction of European car manufacturers by lower-cost Chinese competitors. Oliver Zipse stated that mid-market car manufacturers in Britain and EU…

General Motors Cruise Autonomous Vehicle Unit has agreed to reduce its fleet of San Francisco Robotaxis by half, as authorities investigate recent accidents in the city. The state department for motor vehicles (DMV), after Thursday's…

After a year of refurbishment, a £12m taxpayer funded sports car factory in Wales has yet to produce any cars. The local economy was expected to benefit from the move of the British sports car manufacturer TVR to the new site in Wales.…

San Francisco will become the first US City where driverless taxis, without humans behind them, are allowed to roam the streets and carry paying customers without restrictions. This is the result of a landmark ruling by California…

Aston Martin will raise £210mn through the placement of new shares to pay off a portion of high-interest debt that has crippled the business's finances for the last three years. In 2020, Astontook a $100mn tranche that included a 15%…

Mercedes-Benz sales have been boosted by the sales of Maybach limousines, G-Wagon SUVs, and AMG high-performance cars. The company reported that the strong demand in Germany, the US and globally for battery-powered vehicles and a doubled…

Vauxhall's owner Stellantis warned that a "invasion of cheap Chinese vehicles" was coming as it pressed its suppliers to reduce costs in order to compete. As it works to reduce the price of electric vehicles, the firm will use its…

Britain's victory in the race to build a flagship battery plant is a boost for Rishi Sunder After offering Jaguar Land Rover half a billion pounds of subsidies, Rishi Sunak sealed a deal with to bring an electric vehicle…

According to those briefed about the plans of the Indian group, Tata Motors will announce plans to build an electric car battery factory in the UK that will supply Jaguar Land Rover. Tata, the owner of JLR has selected a site for its…

It is only a few weeks until the company in Cornwall at the heart of the "Klondike of Lithium" must find PS10m of additional funding or it will collapse. Cornish Lithium must secure a capital infusion by the end July to "ensure the…

According to Refinitiv, 17 analyst "buy" ratings blew the Toyota shares in this week's rally. It's hard to believe that a century old leviathan, whose sales for pure battery-electric vehicles in 2022 were only 1.8% of Tesla, and whose…

New technology claims to increase the cruising range of cars and reduce charging time Toyota claims that its "technological breakthroughs" will reduce the cost, size and mass of batteries for electric cars. The company,…

BMW's senior executive has warned that the UK must support a network hydrogen filling stations, or it will lose out in the race to greener vehicles against the Continent and Asia. Jurgen Guldner is the manager of hydrogen technology for…