Here’s a tale of two industries – cars and computers. In February, major car manufacturers such as Nissan and Honda began to warn shareholders that revenues were likely to fall significantly below expectations. And the reason wasn’t Covid-19 – well, not directly anyway: the pandemic had already significantly depressed sales in 2020. No, the problem… Continue reading Why a silicon chip shortage has left carmakers in the slow lane | John Naughton
Author: The Guardian Online News
Toyota Mirai: can a hydrogen-fuelled car win over Australians? – video
Play Video 2:40 Are Australian roads ready for a hydrogen-powered future? Toyota is hoping so. Guardian Australia reporter Matilda Boseley took the keys to the Japanese carmaker’s hydrogen-powered Mirai to test whether this water-emitting automobile could work for everyday Australians Topics Australia news Electric, hybrid and low-emission cars Automotive industry Road transport Transport Go to… Continue reading Toyota Mirai: can a hydrogen-fuelled car win over Australians? – video
David Beckham buys stake in vehicle electrification firm
Snaps of David Beckham in expensive cars were a tabloid staple during the footballer’s days as a star player, but now his interest has taken a surprising turn: bin lorries. The former Manchester United and Real Madrid midfielder has taken a 10% stake in Lunaz, a Silverstone-based company that electrifies classic cars from Rolls-Royce, Jaguar… Continue reading David Beckham buys stake in vehicle electrification firm
Nissan planning new electric car battery ‘gigafactory’ for Sunderland – report
Nissan is understood to be asking the UK government to provide tens of millions of pounds to build a new electric car battery “gigafactory” in Sunderland . The Japanese carmaker hopes to support the construction of a factory, that could produce up to 200,000 batteries a year, at Nissan’s existing Sunderland site. The facility would… Continue reading Nissan planning new electric car battery ‘gigafactory’ for Sunderland – report
Taxes on electric vehicles will slow Australia’s progress. It’s not complicated | Richard Denniss
As a rule of thumb, it’s good economics and good politics to tax the things you want less of and subsidise the things you want more of. That is why the Australian government raises so much tax from alcohol and tobacco, and why the Victorian government’s electric vehicle tax is the dumbest idea since Tony… Continue reading Taxes on electric vehicles will slow Australia’s progress. It’s not complicated | Richard Denniss
A trade drop of a quarter is just the start of Brexit ‘teething problems’
Teething problems? Bumps in the road? The consequences of adjusting to life outside the EU in the midst of a pandemic are starting to become clear. Official figures show a drop in EU trade of almost a quarter at the start of 2021 compared with the same period three years ago. Far from the “minimal”… Continue reading A trade drop of a quarter is just the start of Brexit ‘teething problems’
6.5m households in UK plan to buy an electric car by 2030
One in four UK households intend to buy an electric car in the next five years, as a ban on the sale of new petrol and diesel vehicles in 2030 approaches, according to research. More than 6.5m households plan to buy an electric vehicle or plug-in hybrid, research by the energy watchdog Ofgem has found.… Continue reading 6.5m households in UK plan to buy an electric car by 2030
Carlos Ghosn ordered to repay £4.3m to Nissan and Mitsubishi
Carlos Ghosn, the fugitive automotive executive, has been ordered to repay £4.3m to Nissan and Mitsubishi by a Dutch court after he failed in the first step in a legal claim. Ghosn led the Japanese carmaker Nissan and France’s Renault in an alliance, before falling from grace spectacularly. At the end of 2018 he was… Continue reading Carlos Ghosn ordered to repay £4.3m to Nissan and Mitsubishi
Lamborghini plans to electrify entire range by 2024
Lamborghini has announced plans to produce only hybrid electric supercars by 2024, becoming the latest sports car producer to shift away from polluting internal combustion engines. The Italian supercar company announced on Tuesday it was investing €1.5bn (£1.3bn) in hybrid and all-electric vehicles. The brand, which is owned by Volkswagen, said its current models –… Continue reading Lamborghini plans to electrify entire range by 2024
Jaguar Land Rover makes £860m loss after strategy rethink
Jaguar Land Rover made a loss of £860m for its full financial year after its new boss wrote off £1.5bn in a strategy rethink, despite a recovery in sales since the slump at the start of the coronavirus pandemic. JLR would have made a £660m profit in the year to 31 March if not for… Continue reading Jaguar Land Rover makes £860m loss after strategy rethink