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
Author: The Guardian Online News
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
BMW profits rise to €3.4bn as focus turns to more expensive cars
BMW BMW profits rise to €3.4bn as focus turns to more expensive cars Carmaker is ‘overcoming difficult situations’, including global shortage of computer chips BMW is confident it will continue to make significant gains in electric vehicle sales in 2022, with orders for new electric cars, including the iX SUV and the i4 saloon, remaining… Continue reading BMW profits rise to €3.4bn as focus turns to more expensive cars
Toyota announces the bZ4X: the carmaker’s first mass-produced electric vehicle
Electric vehicles Toyota announces the bZ4X: the carmaker’s first mass-produced electric vehicle New vehicle a change for Toyota, which has to date relied heavily on hybrid technology Get our free news app; get our morning email briefing Toyota has announced its bZ4X electric vehicle, expected to arrive in Australia by late 2022. Photograph: Toyota Toyota… Continue reading Toyota announces the bZ4X: the carmaker’s first mass-produced electric vehicle
Industry lobbies against 2040 UK ban on new diesel trucks
Automotive industry Industry lobbies against 2040 UK ban on new diesel trucks HGV makers and operators urge MPs to delay end of fossil fuel use for new lorries The Road Haulage Association says the ban should be delayed until 2045 for larger lorries. Photograph: Peter Cziborra/Reuters The Road Haulage Association says the ban should be… Continue reading Industry lobbies against 2040 UK ban on new diesel trucks
Tesla breaks $1tn valuation barrier after Hertz orders 100,000 vehicles
Tesla Tesla breaks $1tn valuation barrier after Hertz orders 100,000 vehicles Milestone comes after firm’s Model 3 became first battery-powered electric car to top Europe’s monthly sales chart UK battery ‘gigafactory’ plans expansion as EV demand soars Tesla joins the tech companies Apple, Amazon, Alphabet, Facebook and Microsoft among the US firms to have passed… Continue reading Tesla breaks $1tn valuation barrier after Hertz orders 100,000 vehicles
UK battery ‘gigafactory’ plans huge expansion as electric car demand soars
Automotive industry UK battery ‘gigafactory’ plans huge expansion as electric car demand soars Envision’s Sunderland plant produces batteries for the Nissan Leaf and other electric vehicles Boris Johnson visits the Envision battery manufacturing facility inside the Nissan plant in Sunderland. Photograph: Reuters Boris Johnson visits the Envision battery manufacturing facility inside the Nissan plant in… Continue reading UK battery ‘gigafactory’ plans huge expansion as electric car demand soars
Jaguar Land Rover pauses Halewood car production amid chip shortage
Jaguar Land Rover Jaguar Land Rover pauses Halewood car production amid chip shortage Plant makes Land Rover Discovery Sport and Range Rover Evoque models A worker uses a robotic arm to fix an alloy wheel to the hub of a Range Rover Evoque SUV at the Halewood plant. Photograph: Bloomberg/Bloomberg via Getty Images A worker… Continue reading Jaguar Land Rover pauses Halewood car production amid chip shortage
Firm aiming to build £4bn UK ‘gigafactory’ poised for London IPO
Automotive industry Firm aiming to build £4bn UK ‘gigafactory’ poised for London IPO Chair Peter Rolton says Britishvolt more likely to pick UK after proposed changes to stock market listing rules Artist’s impresson of proposals for Britishvolt ‘gigafactory’ planned for Northumberland, northeast England. Photograph: Britishvolt/PA Artist’s impresson of proposals for Britishvolt ‘gigafactory’ planned for Northumberland,… Continue reading Firm aiming to build £4bn UK ‘gigafactory’ poised for London IPO