Traditional carmakers could boost profits by accelerating move to electric Analysis suggests electric operations will become rapidly more profitable than petrol and diesel arms within five years Electric carmarking operations of firms such as Toyota, Volkswagen and BMW may become more profitable than making traditional vehicles, modelling suggests. Photograph: Cavan Images/Getty Images/Cavan Images RF Electric… Continue reading Traditional carmakers could boost profits by accelerating move to electric
Author: The Guardian Online News
Britishvolt to invest more than £200m in Midlands test facility
Britishvolt to invest more than £200m in Midlands test facility UK battery startup to lease site in Hams Hall to test manufacturing methods for planned ‘gigafactory’ The Warwickshire testing facility will help develop the manufacturing process for the battery plant (above) planned for Cambois near Blyth in Northumberland. Photograph: Britishvolt/PA The Warwickshire testing facility will… Continue reading Britishvolt to invest more than £200m in Midlands test facility
UK battles to keep Jaguar Land Rover’s planned EV production
UK battles to keep Jaguar Land Rover’s planned EV production Britain lagging behind in race to build vital large-scale and local battery factories The Jaguar Land Rover plant at Halewood, Merseyside. Although JLR hopes to keep car production in the UK, it is by no means assured. Photograph: Bloomberg/Getty Images The Jaguar Land Rover plant… Continue reading UK battles to keep Jaguar Land Rover’s planned EV production
Volkswagen settles UK ‘dieselgate’ claims with £193m payout
Volkswagen settles UK ‘dieselgate’ claims with £193m payout Claimants in England and Wales to receive more than £2,100 each after joining legal action against carmaker An emissions test is carried out on a VW car in 2017. The group has spent more than €30bn in legal fees and payouts over the scandal. Photograph: Thomas Kienzle/AFP/Getty… Continue reading Volkswagen settles UK ‘dieselgate’ claims with £193m payout
MEPs call for 20% reduction in car emissions by 2025
MEPs call for 20% reduction in car emissions by 2025 European parliament’s environment committee proposes interim goal on way to all-electric future Transport is the only economic sector where carbon emissions have been rising. Photograph: Fabrizio Bensch/Reuters Transport is the only economic sector where carbon emissions have been rising. Photograph: Fabrizio Bensch/Reuters Lawmakers in the… Continue reading MEPs call for 20% reduction in car emissions by 2025
Electric car battery shortage looms in 2025, warns Stellantis boss
Electric car battery shortage looms in 2025, warns Stellantis boss Carlos Tavares says planned production boost won’t cope with surging demand for electric vehicles The Peugeot 208 SUV plugged into an electrical outlet. Stellantis and its predecessor Peugeot were among the more cautious large-scale carmakers when it came to embracing electric technology. Photograph: Romuald Meigneux/SIPA/REX/Shutterstock… Continue reading Electric car battery shortage looms in 2025, warns Stellantis boss
VW boss admits speed of Tesla’s expansion surprised him
VW boss admits speed of Tesla’s expansion surprised him In terms of electric car sales, Herbert Diess says Volkswagen may not catch up with Elon Musk’s firm for a while Elon Musk attends the opening of a Tesla factory in Gruenheide, Germany, in March 2022. Photograph: Action Press/REX/Shutterstock Elon Musk attends the opening of a… Continue reading VW boss admits speed of Tesla’s expansion surprised him
‘This really is the future’: HGV manufacturers race to decarbonise trucks
‘This really is the future’: HGV manufacturers race to decarbonise trucks Lorry vehicle makers are backing a range of technologies from gas to battery electric to cut UK’s carbon footprint on the roads The Iveco S-Way truck on a test drive. Photograph: Iveco The Iveco S-Way truck on a test drive. Photograph: Iveco “Just be… Continue reading ‘This really is the future’: HGV manufacturers race to decarbonise trucks
Elon Musk sells almost $4bn-worth of Tesla shares after Twitter deal
Elon Musk sells almost $4bn-worth of Tesla shares after Twitter deal Carmaker’s shares fell this week over concerns CEO would offload stock to help fund takeover of platform Tesla’s share price has fallen by a fifth since Elon Musk first revealed he had taken a stake in Twitter earlier this month. Photograph: Aly Song/Reuters Tesla’s… Continue reading Elon Musk sells almost $4bn-worth of Tesla shares after Twitter deal
Concern over Elon Musk’s Twitter takeover wipes $126bn off Tesla value
Concern over Elon Musk’s Twitter takeover wipes $126bn off Tesla value Fears that carmaker’s CEO may have to sell shares to fund $44bn acquisition of social network Today’s business news – live updates Tesla shares dropped 12.2% on Tuesday. Photograph: Justin Sullivan/Getty Images Tesla shares dropped 12.2% on Tuesday. Photograph: Justin Sullivan/Getty Images Investors have… Continue reading Concern over Elon Musk’s Twitter takeover wipes $126bn off Tesla value