Tesla shares continue slide with shrinking demand and logistics snags Company has lost more than 65% in value since last year, although it is still world’s most valuable automaker Tesla shares lost 65% in market value in 2022. Photograph: John Thys/AFP/Getty Images Tesla shares lost 65% in market value in 2022. Photograph: John Thys/AFP/Getty Images… Continue reading Tesla shares continue slide with shrinking demand and logistics snags
Author: The Guardian Online News
Hyundai aims for 10% rise in global sales as it shifts to electric cars
Hyundai aims for 10% rise in global sales as it shifts to electric cars Carmaker, which also owns Kia, missed 2022 targets amid shortage of chips and other vital parts Hyundai said it aimed to sell 4.3m vehicles globally in 2023. Photograph: Martin Divíšek/EPA Hyundai said it aimed to sell 4.3m vehicles globally in 2023.… Continue reading Hyundai aims for 10% rise in global sales as it shifts to electric cars
Record number of public electric vehicle chargers installed in UK in 2022
Record number of public electric vehicle chargers installed in UK in 2022 More than 8,700 chargers installed, bringing total to 37,000 in a 30% increase Boris Johnson’s government announced a target of 300,000 publicly available chargers in the Uk by 2030. Photograph: Andrew Harker/Alamy Boris Johnson’s government announced a target of 300,000 publicly available chargers… Continue reading Record number of public electric vehicle chargers installed in UK in 2022
‘Brilliant fun’: UK automaker shrinks classic cars for big spenders
‘Brilliant fun’: UK automaker shrinks classic cars for big spenders The Little Car Company, housed in a converted RAF base at Bicester, makes miniature classics that run on batteries Taking a spin in a Bugatti Baby. Photograph: Martin Godwin/The Guardian Taking a spin in a Bugatti Baby. Photograph: Martin Godwin/The Guardian Building cars is hard,… Continue reading ‘Brilliant fun’: UK automaker shrinks classic cars for big spenders
Car industry leaders warn UK could lose out to US subsidy scheme
Car industry leaders warn UK could lose out to US subsidy scheme Fears over US Inflation Reduction Act should be ‘wake-up’ for UK government to increase incentives, says car boss Andy Palmer A member of staff checks the paintwork on Range Rover bodies as they pass through the paint shop at Jaguar Land Rover’s factory… Continue reading Car industry leaders warn UK could lose out to US subsidy scheme
Elon Musk says he will not sell more Tesla stock for about two years
Elon Musk says he will not sell more Tesla stock for about two years Chief executive’s comments come amid concerns over softening demand for electric cars Elon Musk says Tesla’s board is open to a share buyback but it will depend on the scale of a recession. Photograph: Aly Song/Reuters Elon Musk says Tesla’s board… Continue reading Elon Musk says he will not sell more Tesla stock for about two years
Tesla behind eight-vehicle crash was in ‘full self-driving’ mode, says driver
Tesla behind eight-vehicle crash was in ‘full self-driving’ mode, says driver San Francisco crash is the latest in a series of accidents blamed on Tesla technology, which is facing regulatory scrutiny Tesla has repeatedly said its self-driving technology requires active driver supervision. Photograph: Josh Edelson/AFP/Getty Images Tesla has repeatedly said its self-driving technology requires active… Continue reading Tesla behind eight-vehicle crash was in ‘full self-driving’ mode, says driver
Rolls-Royce workers secure 10% pay rise and £2,000 bonus
Rolls-Royce workers secure 10% pay rise and £2,000 bonus Union hails ‘top-notch’ deal for 1,200 employees at Goodwood site, as Wincanton drivers agree increase of between 20% and 37% Technicians working on a Rolls-Royce engine at the company’s factory in Goodwood, West Sussex. Photograph: Peter Nicholls/Reuters Technicians working on a Rolls-Royce engine at the company’s… Continue reading Rolls-Royce workers secure 10% pay rise and £2,000 bonus
Star-crossed: Mercedes faces dilemma over dependence on Russia and China
Star-crossed: Mercedes faces dilemma over dependence on Russia and China Mercedes’s three-pointed star symbol on display at the giant Sindelfingen plant outside Stuttgart. Photograph: Ronald Wittek/EPA Mercedes’s three-pointed star symbol on display at the giant Sindelfingen plant outside Stuttgart. Photograph: Ronald Wittek/EPA Moscow provides Germany with power, and the Chinese buy the company’s cars in… Continue reading Star-crossed: Mercedes faces dilemma over dependence on Russia and China
UK new car sales rise as industry leaders say recovery ‘within grasp’
UK new car sales rise as industry leaders say recovery ‘within grasp’ Increase for fourth consecutive month, with almost 143,000 new vehicles registered in November Purely electric vehicles accounted for a fifth of the total of new cars sold in the UK in November. Photograph: Charlie Crowhurst/Getty Images for Nissan Purely electric vehicles accounted for… Continue reading UK new car sales rise as industry leaders say recovery ‘within grasp’