Jim Ratcliffe’s attempt to rival Land Rover Defender racks up steep losses

Jim Ratcliffe’s attempt to rival Land Rover Defender racks up steep losses Ineos Automotive’s plans for Grenadier 4×4 hit by global supply chain disruption Ineos has been taking sales orders and deposits for the Grenadier 4×4 since mid-May. Photograph: Ben Hoskins/Getty Images for Ineos Automotive Ineos has been taking sales orders and deposits for the… Continue reading Jim Ratcliffe’s attempt to rival Land Rover Defender racks up steep losses

The American EV boom is about to begin. Does the US have the power to charge it?

The American EV boom is about to begin. Does the US have the power to charge it? The White House has a target of 500,000 public charging units by 2030. Photograph: Marcus Lindstrom/Getty Images/iStockphoto The White House has a target of 500,000 public charging units by 2030. Photograph: Marcus Lindstrom/Getty Images/iStockphoto States have plans to… Continue reading The American EV boom is about to begin. Does the US have the power to charge it?

Tell us: have you experienced UK price rises for car maintenance?

Tell us: have you experienced UK price rises for car maintenance? We would like to hear your experiences of rising costs for car maintenance and other services in the UK Have you noticed increased prices for car servicing, MOTs or repairs? Photograph: Chalabala/Getty Images/iStockphoto Have you noticed increased prices for car servicing, MOTs or repairs?… Continue reading Tell us: have you experienced UK price rises for car maintenance?

Porsche shares rise on first trading day in €75bn stock market float

Porsche shares rise on first trading day in €75bn stock market float German carmaker Volkswagen lists 12.5% of Porsche shares to raise billions of euros to invest in electric cars An electric Porsche Taycan is parked behind the bull statue in front of the stock exchange in Frankfurt, Germany. Photograph: Michael Probst/AP An electric Porsche… Continue reading Porsche shares rise on first trading day in €75bn stock market float

Porsche gears up for IPO thrills but dealmakers are stuck in the slow lane

Porsche gears up for IPO thrills but dealmakers are stuck in the slow lane Volkswagen needs the cash and wants to catch up with Ferrari but there may be less to this deal than meets the eye Porsche is chasing a value of €75bn at its IPO in Frankfurt on Thursday. Photograph: Brendan McDermid/Reuters Porsche… Continue reading Porsche gears up for IPO thrills but dealmakers are stuck in the slow lane

Porsche IPO could raise up to €75bn for parent Volkswagen

Porsche IPO could raise up to €75bn for parent Volkswagen Flotation on Frankfurt stock market would be one of the largest European public offerings to date Part of the proceeds from the Porsche IPO would help fund the shift towards electric vehicles and battery technology. Photograph: Ringo Chiu/Reuters Part of the proceeds from the Porsche… Continue reading Porsche IPO could raise up to €75bn for parent Volkswagen

Biden talks up electric vehicle revolution – but is America ready to give up gas?

Biden talks up electric vehicle revolution – but is America ready to give up gas? Joe Biden test-drives the Cadillac Lyriq SUV in Detroit. ‘It’s a beautiful car, but I love the Corvette,’ he said. Photograph: Kevin Lamarque/Reuters Joe Biden test-drives the Cadillac Lyriq SUV in Detroit. ‘It’s a beautiful car, but I love the… Continue reading Biden talks up electric vehicle revolution – but is America ready to give up gas?

Housebuilders ‘lobbied against plan for electric car chargers in new homes in England’

Housebuilders ‘lobbied against plan for electric car chargers in new homes in England’ Exclusive: ‘Blatant efforts’ by companies criticised by campaign group Transport & Environment Automotive industry leaders say charging at home is more attractive to drivers of electric cars. Photograph: Andrew Matthews/PA Automotive industry leaders say charging at home is more attractive to drivers… Continue reading Housebuilders ‘lobbied against plan for electric car chargers in new homes in England’

Soaring energy costs could threaten future of electric cars, experts warn

Soaring energy costs could threaten future of electric cars, experts warn Industry bosses in Germany say high costs are having an impact on vehicle production and sales Recent rises in the price of electricity have made buying electric cars less attractive. Photograph: David Hecker/AFP/Getty Images Recent rises in the price of electricity have made buying… Continue reading Soaring energy costs could threaten future of electric cars, experts warn

Cazoo to abandon its business operations in Europe and cut 750 jobs

Cazoo to abandon its business operations in Europe and cut 750 jobs UK online car retailer will make all of its employees in France, Germany, Italy and Spain redundant In the UK Cazoo will retain sponsorship of Aston Villa, the Hundred, horse racing’s Derby and FishOMania. Photograph: Steven Paston/PA In the UK Cazoo will retain… Continue reading Cazoo to abandon its business operations in Europe and cut 750 jobs