France opens first electric vehicle battery gigafactory

The electric car battery production line inside ACC’s gigafactory during its inauguration. Photograph: Pascal Rossignol/Reuters The electric car battery production line inside ACC’s gigafactory during its inauguration. Photograph: Pascal Rossignol/Reuters France opens first electric vehicle battery gigafactory Plant expected to create 2,000 jobs as France aims to be self-sufficient in vehicle battery production by 2027… Continue reading France opens first electric vehicle battery gigafactory

JLR owner to pick UK for electric car battery factory, say reports

A Jaguar electric vehicle. Tata Group has reportedly chosen the UK over Spain for the multibillion-pound facility. Photograph: Aly Song/Reuters A Jaguar electric vehicle. Tata Group has reportedly chosen the UK over Spain for the multibillion-pound facility. Photograph: Aly Song/Reuters JLR owner to pick UK for electric car battery factory, say reports Tata Group said… Continue reading JLR owner to pick UK for electric car battery factory, say reports

‘Few options that are cheap’: why are there no affordable cars in the US?

The days of a big city auto show luring in potential buyers with high-priced dream machines to sell them reasonably priced cars are gone. Composite: The Guardian/Shutterstock The days of a big city auto show luring in potential buyers with high-priced dream machines to sell them reasonably priced cars are gone. Composite: The Guardian/Shutterstock ‘Few… Continue reading ‘Few options that are cheap’: why are there no affordable cars in the US?

Brexit wrecked UK car industry, but so have the Tories | Phillip Inman

New Toyota cars are transported from their manufacturing facility in Burnaston. The plant’s boss says an assessment will be made at the end of the year about its future. Photograph: Darren Staples/Reuters New Toyota cars are transported from their manufacturing facility in Burnaston. The plant’s boss says an assessment will be made at the end… Continue reading Brexit wrecked UK car industry, but so have the Tories | Phillip Inman

Hyundai and Kia settle lawsuit worth $200m over vehicle theft due to TikTok

The settlement agreed on covers about 9 million US owners, including up to $145m for out-of-pocket losses. Photograph: David Zalubowski/AP The settlement agreed on covers about 9 million US owners, including up to $145m for out-of-pocket losses. Photograph: David Zalubowski/AP Hyundai and Kia settle lawsuit worth $200m over vehicle theft due to TikTok A trend… Continue reading Hyundai and Kia settle lawsuit worth $200m over vehicle theft due to TikTok

‘We’re going all in’: how France raced ahead of UK on electric car batteries

Emmanuel Macron visiting the Aluminium Dunkerque factory in Dunkirk, the city picked by thw Taiwanese company ProLogium to build a battery gigafactory plant. Photograph: Witt Jacques/ABACA/Shutterstock Emmanuel Macron visiting the Aluminium Dunkerque factory in Dunkirk, the city picked by thw Taiwanese company ProLogium to build a battery gigafactory plant. Photograph: Witt Jacques/ABACA/Shutterstock ‘We’re going all… Continue reading ‘We’re going all in’: how France raced ahead of UK on electric car batteries

Jaguar Land Rover owner offered £500m in subsidies to build battery plant in UK

Robotic arms rivet car panels together at Jaguar Land Rover’s advanced manufacturing facility in Solihull. Photograph: Matt Crossick/Alamy Robotic arms rivet car panels together at Jaguar Land Rover’s advanced manufacturing facility in Solihull. Photograph: Matt Crossick/Alamy Jaguar Land Rover owner offered £500m in subsidies to build battery plant in UK Incentive from Jeremy Hunt comes… Continue reading Jaguar Land Rover owner offered £500m in subsidies to build battery plant in UK

Brexit: German carmakers join calls for changes to trade deal

A Mini electric car at the BMW plant in Cowley, near Oxford. Vehicles made in the UK and the EU are likely to fall foul of the new ‘rules of origin’ arrangements. Photograph: Tolga Akmen/AFP/Getty Images A Mini electric car at the BMW plant in Cowley, near Oxford. Vehicles made in the UK and the… Continue reading Brexit: German carmakers join calls for changes to trade deal

Bank of England denies causing double-digit inflation through QE bond-buying – business live

05.28 EDT Bailey: BoE’s balance sheet won’t return to pre-crisis levels Bank of England governor Andrew Bailey tells MPs that he does not believe the Bank’s balance sheet will return to its levels before the financial crisis, even once it has conducted its quantitative tightening (QT) programme. Treasury Committee chair Harriett Baldwin asks Bailey why the… Continue reading Bank of England denies causing double-digit inflation through QE bond-buying – business live

Rishi Sunak indicates he’s no longer committed to manifesto pledge to bring net immigration below 2019 levels – UK politics live

04.36 EDT Rishi Sunak indicates he’s no longer committed to manifesto pledge to bring net immigration below 2019 levels Good morning. Rishi Sunak is in Japan, where he will be attending the G7 summit starting tomorrow. Today he has announced the “Hiroshima Accord”, a pact with Japan covering economic security and technology. The No 10 summary… Continue reading Rishi Sunak indicates he’s no longer committed to manifesto pledge to bring net immigration below 2019 levels – UK politics live