Sanjeev Gupta’s GFG Alliance sells two car parts factories in England Plant in Essex will still shut despite Jaguar Land Rover finding buyer for sites owned by Sanjeev Gupta’s firm Evtec, a car parts manufacturer, will buy plants in Coventry and Kidderminster. Photograph: Russell Cheyne/Reuters Evtec, a car parts manufacturer, will buy plants in Coventry… Continue reading Sanjeev Gupta’s GFG Alliance sells two car parts factories in England
Author: The Guardian Online News
Major European carmakers will hit emissions targets too easily, research shows
Major European carmakers will hit emissions targets too easily, research shows Report suggests weak targets could push firms to make millions more of the much more profitable petrol and diesel cars VW is charging ahead with its EV plans but critics think weak emissions targets may incentivise other carmakers to make more of the more… Continue reading Major European carmakers will hit emissions targets too easily, research shows
Battery failures like Johnson Matthey risk leaving British carmakers disconnected
Battery failures like Johnson Matthey risk leaving British carmakers disconnected The UK automotive industry will need a large local supply of battery capacity. If it does not get it, it could shrink quickly An electric car being assembled at the Volkswagen factory in Zwickau, Germany. Photograph: Ronny Hartmann/AFP/Getty Images An electric car being assembled at… Continue reading Battery failures like Johnson Matthey risk leaving British carmakers disconnected
Bezos-backed electric carmaker Rivian in biggest US float since Facebook
Electric, hybrid and low-emission cars Bezos-backed electric carmaker Rivian in biggest US float since Facebook Company was briefly worth over £100bn after flotation, more than Ford or General Motors A Rivian R1T all-electric truck in Times Square on listing day. Photograph: Ann-Sophie Fjello-Jensen/AP A Rivian R1T all-electric truck in Times Square on listing day. Photograph:… Continue reading Bezos-backed electric carmaker Rivian in biggest US float since Facebook
Cop26: carmakers agree to end sale of fossil fuel vehicles by 2040
Cop26 Car firms agree at Cop26 to end sale of fossil fuel vehicles by 2040 But ‘landmark agreement’ signed by 24 countries also notable for absences of major manufacturers Cop26 live news and reaction The agreement commits signatories to move to zero-emissions vehicles vehicles by 2040 ‘or earlier’. Photograph: Toby Melville/Reuters The agreement commits signatories… Continue reading Cop26: carmakers agree to end sale of fossil fuel vehicles by 2040
Antihero to zero: VW rises from ‘dieselgate’ to lead charge on electric vehicles
Volkswagen (VW) Antihero to zero: VW rises from ‘dieselgate’ to lead charge on electric vehicles The body shop of the VW plant at Zwickau, Saxony, Germany. Photograph: Nicole Krueger/The Guardian The body shop of the VW plant at Zwickau, Saxony, Germany. Photograph: Nicole Krueger/The Guardian Volkswagen embraces the future with €35bn investment, including in its… Continue reading Antihero to zero: VW rises from ‘dieselgate’ to lead charge on electric vehicles
Carmaking recast: West Midlands finds new role in electric vehicle industry
Automotive industry Carmaking recast: West Midlands finds new role in electric vehicle industry Some firms reinvent themselves in the battery era, but others struggle as work moves abroad Alucast, based in Wednesbury, makes aluminium castings for big carmakers. Photograph: Fabio De Paola/The Guardian Alucast, based in Wednesbury, makes aluminium castings for big carmakers. Photograph: Fabio… Continue reading Carmaking recast: West Midlands finds new role in electric vehicle industry
Tesla shares fall after Elon Musk’s Twitter poll backs sell-off plan
Tesla Tesla shares fall after Elon Musk’s Twitter poll backs sell-off plan Majority of billionaire’s 62.5 million followers vote that he should sell 10% of his stock in electric car firm Elon Musk said he was prepared to accept either outcome of the Twitter poll on his Tesla shares. Photograph: Aly Song/Reuters Elon Musk said… Continue reading Tesla shares fall after Elon Musk’s Twitter poll backs sell-off plan
Ineos reveals third loss-making year in effort to make Land Rover rival
Automotive industry Ineos reveals third loss-making year in effort to make Land Rover rival James Ratcliffe’s car company may have spent well over £650m on offroader project Jim Ratcliffe, the billionaire founder of Ineos, with his Grenadier prototype. Photograph: Chris Riefenberg Jim Ratcliffe, the billionaire founder of Ineos, with his Grenadier prototype. Photograph: Chris Riefenberg… Continue reading Ineos reveals third loss-making year in effort to make Land Rover rival
Aston Martin’s new SUV aimed at women fails to put brakes on losses
Aston Martin Aston Martin’s new SUV aimed at women fails to put brakes on losses Luxury carmaker doubles sales thanks to rollout of the £160,000-plus DBX Overall sales of Aston Martin’s DBX SUV have more than doubled, from 660 in the third quarter of 2020 to 1,350 between July and September 2021. Photograph: Aston Martin/PA… Continue reading Aston Martin’s new SUV aimed at women fails to put brakes on losses