The UK has signed a free trade deal with Turkey, its first since agreeing a Brexit deal to leave the EU – a development that will strengthen ties between the two European outliers. The continuity agreement, signed by both trade ministers on Tuesday in a video conference call, takes effect on 1 January and ensures… Continue reading UK signs free trade agreement with Turkey
Author: The Guardian Online News
Race is on as carmakers shut, switch or sell combustion engine factories
Carmakers will increasingly find themselves in a race to shut, switch or sell factories producing vehicles with internal combustion engines to avoid being left with “stranded assets”, as regulators set a course for a decade of electrification to reduce carbon dioxide emissions. Traditional manufacturers are currently playing a “zero sum game” because growth in electric… Continue reading Race is on as carmakers shut, switch or sell combustion engine factories
Jaguar Land Rover’s Castle Bromwich plant partially shuts until Christmas
Jaguar Land Rover Carmaker says ‘an issue related to Covid’ has prevented delivery of key materials Workers at the Jaguar Land Rover factory in Castle Bromwich, West Midlands. Photograph: Jaguar Land Rover/PA Jaguar Land Rover has shut down production at its Castle Bromwich factory until Christmas because “an issue related to Covid” has prevented the… Continue reading Jaguar Land Rover’s Castle Bromwich plant partially shuts until Christmas
Uber sells loss-making flying taxi division to Joby Aviation
Uber Elevate disposal follows sale of autonomous vehicle division as Uber aims for profit A Hyundai S-A1 electric Urban Air Mobility concept. Uber is getting out of the flying taxi sector. Photograph: Robyn Beck/AFP via Getty Uber has sold its loss-making flying taxi division, Elevate, to a Californian startup as it abandons costly side projects… Continue reading Uber sells loss-making flying taxi division to Joby Aviation
Honda says production at UK factory to pause due to car parts shortage
Honda Swindon plant affected by British ports chaos amid Brexit stockpiling and Covid restrictions Honda’s Swindon employees have been told production could be disrupted as deliveries are delayed. Photograph: Eddie Keogh/Reuters Honda is to pause production at its UK plant on Wednesday because of a shortage of car parts caused by delays in getting parts… Continue reading Honda says production at UK factory to pause due to car parts shortage
Tesla to raise another $5bn by selling shares
Tesla Electric carmaker to join blue-chip S&P 500 index as its stock price continues to soar Tesla Model 3 cars at its factory in Shanghai, east China. Photograph: Xinhua/Rex/Shutterstock Tesla is to raise up to $5bn selling new shares, as the electric carmaker takes advantage of an almost 900% surge in its share price over… Continue reading Tesla to raise another $5bn by selling shares
Toyota will not invest in electric cars in UK until at least 2034
Toyota will not invest in building battery electric cars in Britain until at least the mid-2030s, dealing a blow to hopes that UK car factories will take a leading role in the move away from fossil fuels. Johan van Zyl, the chief executive of Toyota Motor Europe, said that hybrid cars containing both internal combustion… Continue reading Toyota will not invest in electric cars in UK until at least 2034
Aston Martin to hold internal inquiry after ‘sockpuppet PR firm’ row
The boss of Aston Martin has called for an internal investigation after the British carmaker was accused of using a “sockpuppet PR firm” to legitimise a report which used data criticised as misleading to discredit electric vehicles. The new chief executive, Tobias Moers, said Aston Martin’s involvement in the widely discredited report began before he… Continue reading Aston Martin to hold internal inquiry after ‘sockpuppet PR firm’ row
Bentley books planes to bring in parts in event of no-deal Brexit
Automotive industry CEO says carmaker is ‘ready to jump off a cliff with a parachute that hasn’t been tested’ Bentley cars coming off the production line in Crewe. Photograph: Phil Noble/Reuters Bentley has lined up five cargo planes to fly in car parts if there is disruption at the UK border in the event of… Continue reading Bentley books planes to bring in parts in event of no-deal Brexit
Aston Martin in row over ‘sock puppet PR firm’ pushing anti-electric vehicle study
Aston Martin is at the centre of a climate lobbying controversy after a study co-commissioned by the company that cast doubt on the green credentials of electric vehicles was found to have been attributed to a PR company registered to the wife of a director at the luxury carmaker. The study, which has since been… Continue reading Aston Martin in row over ‘sock puppet PR firm’ pushing anti-electric vehicle study