Aston Martin shares slide 15% as it struggles to source car parts Luxury sports carmaker blamed supply chain issues as its expected sales fell short by 400 vehicles Aston Martin also reported a cut in sales and profit forecasts for the year. Photograph: Neil Hall/Reuters Aston Martin also reported a cut in sales and profit… Continue reading Aston Martin shares slide 15% as it struggles to source car parts
Author: The Guardian Online News
Britishvolt staves off collapse with extra funding and steep staff pay cut
Britishvolt staves off collapse with extra funding and steep staff pay cut Electric vehicle battery startup still seeking buyer or longer-term investor to avoid administration Artist’s impression of Britishvolt’s electric vehicle battery ‘gigafactory’ planned for Blyth, Northumberland. Photograph: Britishvolt/PA Artist’s impression of Britishvolt’s electric vehicle battery ‘gigafactory’ planned for Blyth, Northumberland. Photograph: Britishvolt/PA Britishvolt has… Continue reading Britishvolt staves off collapse with extra funding and steep staff pay cut
How did Britishvolt go from charged startup to ‘life support’ patient?
Explainer How did Britishvolt go from charged startup to ‘life support’ patient? Proposed Blyth battery factory attracted serious backers despite founders’ lack of expertise Artist’s impression issued by Britishvolt of their proposed battery plant in Northumberland. Photograph: Britishvolt/PA Artist’s impression issued by Britishvolt of their proposed battery plant in Northumberland. Photograph: Britishvolt/PA When Britishvolt started… Continue reading How did Britishvolt go from charged startup to ‘life support’ patient?
UK-backed battery firm Britishvolt considers entering administration
UK-backed battery firm Britishvolt considers entering administration Company struggles to find investors willing to fund effort to build giant £3.8bn ‘gigafactory’ in north-east Artist’s impression of the £2.6bn electric vehicle battery ‘gigaplant’ planned for construction in Blyth, Northumberland. Photograph: Britishvolt/PA Artist’s impression of the £2.6bn electric vehicle battery ‘gigaplant’ planned for construction in Blyth, Northumberland.… Continue reading UK-backed battery firm Britishvolt considers entering administration
Fisker Inc founder Henrik Fisker: pedigree carmaker going electric
Interview Fisker Inc founder Henrik Fisker: pedigree carmaker going electric Jasper Jolly After a failed first attempt, the car entrepreneur has revised his design and manufacturing ideas – and will have battery-powered vehicles ready for delivery next month Henrik Fisker unveils the Fisker Ocean at the LA Auto Show. Photograph: Mike Blake/Reuters Henrik Fisker unveils… Continue reading Fisker Inc founder Henrik Fisker: pedigree carmaker going electric
End of the road for Ford Fiesta: UK’s all-time best-selling car halts production
End of the road for Ford Fiesta: UK’s all-time best-selling car halts production Owners mourn ‘modern-day classic’ as last factory in Germany switches to new electric models The 2015 998cc Ford Fiesta. The Fiesta was the UK’s top-selling car for 12 years straight, from 2009 to 2020. Photograph: Sue Thatcher/Alamy The 2015 998cc Ford Fiesta.… Continue reading End of the road for Ford Fiesta: UK’s all-time best-selling car halts production
100m highly polluting cars could appear on Europe’s roads after EU move
100m highly polluting cars could appear on Europe’s roads after EU move Exclusive: Efficiency recommendations of experts rejected in European Commission ‘Euro 7’ proposals The Transport & Environment campaign group said the European Commission had reached its ‘very own Dieselgate moment’. Photograph: Michael Sohn/AP The Transport & Environment campaign group said the European Commission had… Continue reading 100m highly polluting cars could appear on Europe’s roads after EU move
BMW to axe UK production of electric Mini and relocate to China
BMW to axe UK production of electric Mini and relocate to China Cowley factory on outskirts of Oxford not up to challenge of creating electric vehicles, says Mini boss A Mini electric car is pictured on the production line during its unveiling at the BMW group plant in Cowley. Photograph: Tolga Akmen/AFP/Getty Images A Mini… Continue reading BMW to axe UK production of electric Mini and relocate to China
For the love of cars: will steep gas prices stall Democrats’ midterm hopes?
For the love of cars: will steep gas prices stall Democrats’ midterm hopes? In 2022, the top three selling vehicles are pickup trucks. The best selling car in the UK is the Vauxhall Corsa. Composite: Guardian Design/Getty Images In 2022, the top three selling vehicles are pickup trucks. The best selling car in the UK… Continue reading For the love of cars: will steep gas prices stall Democrats’ midterm hopes?
General Motors takes on Tesla with new energy division
General Motors takes on Tesla with new energy division The car maker is now selling electric vehicle chargers, solar panels and other energy products to EV owners and utilities ‘Our competition in this space … is really only Tesla, which is a strong energy management company,’ said GM executive Travis Hester. Photograph: Rebecca Cook/Reuters ‘Our… Continue reading General Motors takes on Tesla with new energy division