Tesla Electric carmaker to join blue-chip S&P 500 index as its stock price continues to soar Tesla Model 3 cars at its factory in Shanghai, east China. Photograph: Xinhua/Rex/Shutterstock Tesla is to raise up to $5bn selling new shares, as the electric carmaker takes advantage of an almost 900% surge in its share price over… Continue reading Tesla to raise another $5bn by selling shares
Author: The Guardian Online News
Toyota will not invest in electric cars in UK until at least 2034
Toyota will not invest in building battery electric cars in Britain until at least the mid-2030s, dealing a blow to hopes that UK car factories will take a leading role in the move away from fossil fuels. Johan van Zyl, the chief executive of Toyota Motor Europe, said that hybrid cars containing both internal combustion… Continue reading Toyota will not invest in electric cars in UK until at least 2034
Aston Martin to hold internal inquiry after ‘sockpuppet PR firm’ row
The boss of Aston Martin has called for an internal investigation after the British carmaker was accused of using a “sockpuppet PR firm” to legitimise a report which used data criticised as misleading to discredit electric vehicles. The new chief executive, Tobias Moers, said Aston Martin’s involvement in the widely discredited report began before he… Continue reading Aston Martin to hold internal inquiry after ‘sockpuppet PR firm’ row
Bentley books planes to bring in parts in event of no-deal Brexit
Automotive industry CEO says carmaker is ‘ready to jump off a cliff with a parachute that hasn’t been tested’ Bentley cars coming off the production line in Crewe. Photograph: Phil Noble/Reuters Bentley has lined up five cargo planes to fly in car parts if there is disruption at the UK border in the event of… Continue reading Bentley books planes to bring in parts in event of no-deal Brexit
Aston Martin in row over ‘sock puppet PR firm’ pushing anti-electric vehicle study
Aston Martin is at the centre of a climate lobbying controversy after a study co-commissioned by the company that cast doubt on the green credentials of electric vehicles was found to have been attributed to a PR company registered to the wife of a director at the luxury carmaker. The study, which has since been… Continue reading Aston Martin in row over ‘sock puppet PR firm’ pushing anti-electric vehicle study
UK carmakers plead for clarity as they stockpile parts and cars for Brexit
Automotive industry WTO tariffs could add 10% to car prices if deal is not agreed before 2021 New cars in a compound near Sheerness in Kent. Firms including Volkswagen and Honda are stockpiling cars and parts. Photograph: Gareth Fuller/PA Carmakers are bracing for the final Brexit deadline by moving cars and parts both ways across… Continue reading UK carmakers plead for clarity as they stockpile parts and cars for Brexit
UK electric vehicle maker Arrival to list on Nasdaq amid surging demand
Arrival, the UK-based electric van and bus startup, is to list on the Nasdaq stock exchange in New York, in a deal that is expected to value the company at more than £4bn. The manufacturer, based in Banbury, Oxfordshire, will raise $660m (£498m) in cash as it prepares for mass production of its first electric… Continue reading UK electric vehicle maker Arrival to list on Nasdaq amid surging demand
Boris Johnson announces 10-point green plan with 250,000 jobs
Boris Johnson has announced plans for the government’s self-styled green industrial revolution, bringing praise from environmental groups but also questions about the scale of new funding, and the planned expansion of nuclear and hydrogen power. In a move aimed at retaking the initiative after a politically turbulent few weeks, the prime minister said the 10-point… Continue reading Boris Johnson announces 10-point green plan with 250,000 jobs
UK regions compete to be site of ‘gigafactory’ for electric vehicles
UK news Government expected to unveil funding and plans for battery-making factory in near future Jaguar Land Rover is lobbying for a gigafactory to be sited in the West Midlands, near to its Castle Bromwich plant. Photograph: Tony Watson/Alamy The West Midlands, south Wales and the north-east of England are among the regions vying to… Continue reading UK regions compete to be site of ‘gigafactory’ for electric vehicles
Aston Martin hopes £1.3bn investment will revive its fortunes
Aston Martin Luxury carmaker to expand partnership with Mercedes and could mean fully electric models by 2026 Aston Martin’s chairman said the new deal would not result in the ‘James Bond’ car being built overseas. Photograph: Rebecca Naden/Reuters Aston Martin Lagonda has announced a “game-changing” £1.3bn refinancing package that will hand up to 20% of… Continue reading Aston Martin hopes £1.3bn investment will revive its fortunes