Environment Announcement expected in autumn to help trigger green economic recovery from Covid-19 Graeme Cooper, the director in charge of National Grid’s electric vehicle project, told the Guardian that fears over the UK electricity grid’s ability to cope with a boom in vehicle charging are unfounded. Photograph: Owen Humphreys/PA The UK is poised to bring… Continue reading UK plans to bring forward ban on fossil fuel vehicles to 2030
Author: The Guardian Online News
McLaren plans to sell then lease back Woking HQ after sales slump
Automotive industry Group hopes to free up £200m from sale of complex designed by Norman Foster Coronavirus – latest updates See all our coronavirus coverage McLaren HQ in Woking, Surrey. The company says its automotive revenues fell to only £143.1m in first half of the year. Photograph: David Goddard/Getty Images The supercar manufacturer McLaren is… Continue reading McLaren plans to sell then lease back Woking HQ after sales slump
Tesla aims to raise $5bn in its biggest issue of new stock in a decade
Tesla Electric carmaker seeking to take advantage of almost 1,000% surge in share price The move comes a day after Tesla completed a 5-for-1 stock split that led to co-founder Elon Musk overtaking Facebook’s Mark Zuckerberg as the world’s third-richest person. Photograph: John Raoux/AP Tesla is aiming to raise up to $5bn (£3.7bn) in its… Continue reading Tesla aims to raise $5bn in its biggest issue of new stock in a decade
Williams F1 sold to US investment company Dorilton Capital
The Williams Formula One racing team has been sold to US investment firm Dorilton Capital, after 43 years as a family-owned outfit. The company has wrestled with heavy losses and the increased pressure caused by coronavirus, opting to put itself up for sale in May to secure the future of a team that is still… Continue reading Williams F1 sold to US investment company Dorilton Capital
Self-driving cars could be allowed on UK motorways next year
Self-driving cars Industry welcomes consultation for use of technology in slow lane, but risk concerns some A vehicle belonging to the self-driving startup Zoox. Photograph: Zoox/Reuters Motorists could be allowed to let their cars drive themselves on motorways, using automated technology, as early as next year, under proposals being considered by the government. Manufacturers are… Continue reading Self-driving cars could be allowed on UK motorways next year
General Motors ‘exploited’ Holden dealers in Australia, inquiry told
General Motors “exploited” its dealers in the closure of the Holden brand in Australia, a Senate inquiry has been told. The Australia Automotive Dealer Association told the inquiry on Monday that in the months leading up to the closure announcement in February, GM had recklessly allowed dealers to continue with costly upgrades to their facilities.… Continue reading General Motors ‘exploited’ Holden dealers in Australia, inquiry told
Northern Ireland to be left out of new UK car emission restrictions
Automotive industry Quirk in regulations means vehicles sold there will count as EU sales for strict CO2 limit The emission restrictions from 1 January will result in ‘Great Britain-only’ regulations for carmakers. Photograph: Christopher Furlong/Getty Images Northern Ireland is to be left out of the UK’s green car emission restrictions from 1 January, resulting in… Continue reading Northern Ireland to be left out of new UK car emission restrictions
Covid-19 slashes UK car output to level last seen in 1954
Automotive industry Automotive industry has also lost at least 11,000 across the UK since the pandemic The production line at Nissan’s factory in Sunderland. The number of cars built in the UK over the past six months has slumped to its lowest since wartime rationing ended. Photograph: Owen Humphreys/PA The UK car industry produced the… Continue reading Covid-19 slashes UK car output to level last seen in 1954
UK car dealership Pendragon to cut 1,800 jobs
Job losses Owner of dealers such as Evans Halshaw to shed head office and showroom staff as Covid-19 deepens industry crisis Coronavirus – latest updates See all our coronavirus coverage Pendragon started to review its operations well before the coronavirus struck but the pandemic has seriously affected the industry. Photograph: Jacob King/PA The UK car… Continue reading UK car dealership Pendragon to cut 1,800 jobs
Coronavirus closures send GM to $800m second-quarter loss
General Motors US car giant had to close plants between March and May Company says sales picking up and signs are encouraging The Flint plant in Michigan, which produces Chevrolet and GMC Sierra trucks. The company made $2.38bn in the same quarter a year ago. Photograph: Jeff Kowalsky/AFP via Getty Images General Motors lost $806m… Continue reading Coronavirus closures send GM to $800m second-quarter loss