Aston Martin Share debut puts value of James Bond car marque at lower end of spectrum as sale tests investor appetite for UK firms Aston Martins outside the London Stock Exchange on Wednesday. Photograph: Tolga Akmen/AFP/Getty Images Aston Martin has made a disappointing stock market debut, with shares in the luxury carmaker dipping as low… Continue reading Aston Martin IPO disappoints as luxury carmaker’s value falls
Author: The Guardian Online News
Toyota says hard Brexit would halt UK plant as BMW warns over Mini
Automotive industry Bosses of Jaguar Land Rover, Peugeot and Daimler also voice concerns at Paris Motor Show About 90% of the cars made at Toyota’s Burnaston plant in Derbyshire are exported to Europe Photograph: David Jones/PA Toyota would be forced to halt car production in the UK and BMW could shift production of the Mini… Continue reading Toyota says hard Brexit would halt UK plant as BMW warns over Mini
No-deal Brexit ‘could halt production at UK Toyota plants’
Brexit Boss of carmaker’s Derbyshire plant says production could be disrupted for ‘hours, days, weeks – even months’ The Burnaston plant in south Derbyshire is one of nine Toyota in the country and is the home of the Auris and the Avensis. Photograph: Bloomberg/Bloomberg via Getty Images Toyota has said that production at its UK… Continue reading No-deal Brexit ‘could halt production at UK Toyota plants’
Aston Martin unveils details of £5.1bn flotation
Luxury goods sector James Bond’s favourite carmaker to float a quarter of stock – nearly 57m shares An employee polishes the bodywork of an Aston Martin DB11. The company aims to exploit the success of Ferrari’s listing to lure investors Photograph: Bloomberg/Bloomberg via Getty Images Aston Martin has unveiled the details of its planned stock… Continue reading Aston Martin unveils details of £5.1bn flotation
EU must end new petrol and diesel car sales by 2030 to meet climate targets – report
Greenhouse gas emissions Automotive industry risks blowing its carbon budget within 10 years without drastic change, analysis shows As well as a switch to emissions vehicles, increased uptake of cycling and public transport is needed, according to the report. Photograph: Francois Guillot/AFP/Getty Images New petrol and diesel car sales in Europe must be phased out… Continue reading EU must end new petrol and diesel car sales by 2030 to meet climate targets – report
No-deal Brexit to fuel £1,500 rise in cost of EU car in UK, says motor trade
Automotive industry Industry body warns tariffs would add £5bn to cost of 2.7m vehicles, with average price rising as much as £2,700 in EU Parked cars destined for the UK at Zeebrugge, Belgium. British buyers registered nearly 2m cars and vans from the continent in 2017. Photograph: Francisco Seco/AP The average cost of a car… Continue reading No-deal Brexit to fuel £1,500 rise in cost of EU car in UK, says motor trade
Ferrari pre-sells entire new supercar model despite £1m+ price tag
Luxury goods sector Luxury carmaker calls new Monza models the ‘closest driving experience to F1’ Ferrari is banking on selling more limited-edition cars to boost profits. Photograph: Seth Wenig/AP Ferrari has announced a new open-top supercar it describes as “probably the closest and purest driving experience to Formula 1” – and has already pre-sold the… Continue reading Ferrari pre-sells entire new supercar model despite £1m+ price tag
BMW plans to shut Mini plant for a month after Brexit day
BMW Carmaker says Cowley closure minimises impact of supply disruption if there is no deal BMW has said it will not build cars at its Mini plant immediately after the UK leaves the EU next year, to carry out annual maintenance. Photograph: Oli Scarff/Getty Images BMW plans to shut its Mini plant for a month… Continue reading BMW plans to shut Mini plant for a month after Brexit day
More than 3,000 Jaguar Land Rover staff will go to three-day week
Jaguar Land Rover Castle Bromwich move comes after carmaker was accused of ‘scaremongering’ about Brexit Jaguar Land Rover employs 40,000 people in the UK. Photograph: Bloomberg via Getty Images Jaguar Land Rover has announced that more than 3,000 staff will move to a three-day week at its Castle Bromwich plant in the West Midlands, only… Continue reading More than 3,000 Jaguar Land Rover staff will go to three-day week
Jaguar Land Rover boss ‘scaremongering’ on no-deal Brexit, says Tory
Brexit Hard Brexiter Bernard Jenkin says worries about border delays are unfounded Bernard Jenkin is a member of the European Research group collection of hard Brexit-backing Tories. Photograph: Chris McAndrew A leading Conservative Brexiter has accused the head of Jaguar Land Rover of inventing dire consequences for his company of a no-deal Brexit, saying people… Continue reading Jaguar Land Rover boss ‘scaremongering’ on no-deal Brexit, says Tory