Automotive industry Tariff hit for electric vehicles likely to be £2,800 per car, with risks to UK’s net zero plans The industry fears another damaging hit at a time when the pandemic has cost 600,000 sales compared with 2019. Photograph: Carl Court/Getty The car industry has said a no-deal Brexit will add thousands of pounds… Continue reading Car buyers face £1,900 additional cost in case of no-deal Brexit
Author: The Guardian Online News
UK new car sales slide to lowest September level this century
Automotive industry Demand for electric vehicles rises but sales of traditional cars fall despite new number plate Honda for sale on the forecourt of a car dealer in Bristol Photograph: Matt Cardy/Getty Images Demand for new cars in the UK slumped to the lowest level in 21 years for the month of September, traditionally a… Continue reading UK new car sales slide to lowest September level this century
State subsidies for company cars top €32bn in UK and EU
Automotive industry UK alone spends €5.7bn and Germany €12bn but analysis finds subsidies often go towards most polluting fleet vehicles Hundreds of Honda cars and SUVs await export at Southampton docks. Photograph: PBWPIX/Alamy Stock Photo UK and European governments give companies subsidies worth €32bn (£29bn) a year towards buying cars, the vast majority of which… Continue reading State subsidies for company cars top €32bn in UK and EU
UK carmakers face higher tariffs as EU rejects component plea
British car manufacturers could face higher export tariffs with or without a Brexit deal after the EU rejected an argument that components from Japan used on UK assembly lines should be considered British. The car industry has maintained that parts for cars, vans and trucks that have been sourced in non-EU countries should be deemed… Continue reading UK carmakers face higher tariffs as EU rejects component plea
California governor orders ban on sale of gas-only cars within 15 years
California Gavin Newsom says ‘we can’t continue down this path’ as state grapples with historic fires and record temperatures An order by California’s governor would ban the sale of gas-only cars within 15 years. Photograph: David McNew/Getty Images California’s governor signed an executive order on Wednesday that would ban the sale of gas-only cars within… Continue reading California governor orders ban on sale of gas-only cars within 15 years
UK plans to bring forward ban on fossil fuel vehicles to 2030
Environment Announcement expected in autumn to help trigger green economic recovery from Covid-19 Graeme Cooper, the director in charge of National Grid’s electric vehicle project, told the Guardian that fears over the UK electricity grid’s ability to cope with a boom in vehicle charging are unfounded. Photograph: Owen Humphreys/PA The UK is poised to bring… Continue reading UK plans to bring forward ban on fossil fuel vehicles to 2030
McLaren plans to sell then lease back Woking HQ after sales slump
Automotive industry Group hopes to free up £200m from sale of complex designed by Norman Foster Coronavirus – latest updates See all our coronavirus coverage McLaren HQ in Woking, Surrey. The company says its automotive revenues fell to only £143.1m in first half of the year. Photograph: David Goddard/Getty Images The supercar manufacturer McLaren is… Continue reading McLaren plans to sell then lease back Woking HQ after sales slump
Tesla aims to raise $5bn in its biggest issue of new stock in a decade
Tesla Electric carmaker seeking to take advantage of almost 1,000% surge in share price The move comes a day after Tesla completed a 5-for-1 stock split that led to co-founder Elon Musk overtaking Facebook’s Mark Zuckerberg as the world’s third-richest person. Photograph: John Raoux/AP Tesla is aiming to raise up to $5bn (£3.7bn) in its… Continue reading Tesla aims to raise $5bn in its biggest issue of new stock in a decade
Williams F1 sold to US investment company Dorilton Capital
The Williams Formula One racing team has been sold to US investment firm Dorilton Capital, after 43 years as a family-owned outfit. The company has wrestled with heavy losses and the increased pressure caused by coronavirus, opting to put itself up for sale in May to secure the future of a team that is still… Continue reading Williams F1 sold to US investment company Dorilton Capital
Self-driving cars could be allowed on UK motorways next year
Self-driving cars Industry welcomes consultation for use of technology in slow lane, but risk concerns some A vehicle belonging to the self-driving startup Zoox. Photograph: Zoox/Reuters Motorists could be allowed to let their cars drive themselves on motorways, using automated technology, as early as next year, under proposals being considered by the government. Manufacturers are… Continue reading Self-driving cars could be allowed on UK motorways next year