Rivian shares surge after Volkswagen agrees to $5bn investment

Second-generation R1 vehicles at Rivian’s factory in Normal, Illinois, on 21 June 2024. Photograph: Joel Angel Juarez/Reuters View image in fullscreen Second-generation R1 vehicles at Rivian’s factory in Normal, Illinois, on 21 June 2024. Photograph: Joel Angel Juarez/Reuters Rivian shares surge after Volkswagen agrees to $5bn investment New, equally controlled joint venture will share electric… Continue reading Rivian shares surge after Volkswagen agrees to $5bn investment

Vauxhall owner says car plants could shut unless ‘stupid’ UK rules change

It is the second time in a year that Stellantis has questioned the viability of Vauxhall’s Ellesmere Port plant. Photograph: Stellantis/Getty Images View image in fullscreen It is the second time in a year that Stellantis has questioned the viability of Vauxhall’s Ellesmere Port plant. Photograph: Stellantis/Getty Images Vauxhall owner says car plants could shut… Continue reading Vauxhall owner says car plants could shut unless ‘stupid’ UK rules change

Volvo does a sharp U-turn as the boxy estates and saloons return to Britain

A Volvo V60 at home in the British countryside – but can it survive into the fully electric age? Photograph: Simon Stuart Miller View image in fullscreen A Volvo V60 at home in the British countryside – but can it survive into the fully electric age? Photograph: Simon Stuart Miller Volvo does a sharp U-turn… Continue reading Volvo does a sharp U-turn as the boxy estates and saloons return to Britain

Cyber-attack hobbles car dealers across US and Canada for third day in a row

Representatives for major car companies said they were working with dealerships affected by the outage. Photograph: David Zalubowski/AP View image in fullscreen Representatives for major car companies said they were working with dealerships affected by the outage. Photograph: David Zalubowski/AP Cyber-attack hobbles car dealers across US and Canada for third day in a row CDK… Continue reading Cyber-attack hobbles car dealers across US and Canada for third day in a row

Electric carmaker Fisker files for US bankruptcy protection

Henrik Fisker, seen here unveiling the Ocean SUV at the Los Angeles auto show in November 2021, founded the company with his wife, Geeta Gupta-Fisker, in 2016. Production of the Ocean was halted in March. Photograph: Mike Blake/Reuters View image in fullscreen Henrik Fisker, seen here unveiling the Ocean SUV at the Los Angeles auto… Continue reading Electric carmaker Fisker files for US bankruptcy protection

BYD: China’s electric vehicle powerhouse charges into Europe

BYD electric cars at the 2023 Munich auto show; the company is now making further inroads into Europe. Photograph: Leonhard Simon/Reuters View image in fullscreen BYD electric cars at the 2023 Munich auto show; the company is now making further inroads into Europe. Photograph: Leonhard Simon/Reuters BYD: China’s electric vehicle powerhouse charges into Europe Threat… Continue reading BYD: China’s electric vehicle powerhouse charges into Europe

Tesla leak: Australian man agrees to delete confidential company files he posted on social media

Tesla took NSW man Keith ‘Keef’ Leech to court after he posted documents allegedly obtained from whistleblower Lukasz Krupski on social media. Photograph: Vincent West/Reuters View image in fullscreen Tesla took NSW man Keith ‘Keef’ Leech to court after he posted documents allegedly obtained from whistleblower Lukasz Krupski on social media. Photograph: Vincent West/Reuters Tesla… Continue reading Tesla leak: Australian man agrees to delete confidential company files he posted on social media

Elon Musk’s $45bn Tesla pay package not a done deal, say legal experts

Elon Musk pictured in April. Appearing in front of shareholders after winning Thursday’s vote, Musk said: ‘I love you guys!’ Photograph: Mario Anzuoni/Reuters View image in fullscreen Elon Musk pictured in April. Appearing in front of shareholders after winning Thursday’s vote, Musk said: ‘I love you guys!’ Photograph: Mario Anzuoni/Reuters Elon Musk’s $45bn Tesla pay… Continue reading Elon Musk’s $45bn Tesla pay package not a done deal, say legal experts

Jaguar Land Rover to spend £1m to help police stop car thefts

Range Rover drivers have reported huge increases in insurance premiums, with one quoted £10,000 this year. Photograph: Parmorama/Alamy View image in fullscreen Range Rover drivers have reported huge increases in insurance premiums, with one quoted £10,000 this year. Photograph: Parmorama/Alamy Jaguar Land Rover to spend £1m to help police stop car thefts Funding for policing… Continue reading Jaguar Land Rover to spend £1m to help police stop car thefts

Tesla shareholders approve CEO Elon Musk’s $45bn pay package

Elon Musk in Paris in June last year. Photograph: Gonzalo Fuentes/Reuters View image in fullscreen Elon Musk in Paris in June last year. Photograph: Gonzalo Fuentes/Reuters Tesla shareholders approve CEO Elon Musk’s $45bn pay package Billionaire tells shareholders ‘hot damn, I love you guys’ after retaining largest-ever executive pay package at US-listed firm Tesla shareholders… Continue reading Tesla shareholders approve CEO Elon Musk’s $45bn pay package