Electric cars and vans will be cheaper to produce than conventional, fossil fuel-powered vehicles by 2027, and tighter emissions regulations could put them in pole position to dominate all new car sales by the middle of the next decade, research has found. By 2026, larger vehicles such as electric sedans and SUVs will be as… Continue reading Electric cars ‘will be cheaper to produce than fossil fuel vehicles by 2027’
Author: The Guardian Online News
Aston Martin halves losses in first quarter as its SUV sales soar
Aston Martin Lagonda’s losses more than halved in the first quarter as sales of its first-ever sports utility vehicle (SUV) accelerated, especially in markets such as China. The luxury carmaker – which will get a significant marketing boost later this year as James Bond’s car of choice when the next film in the spy franchise… Continue reading Aston Martin halves losses in first quarter as its SUV sales soar
UK car sales recover and van registrations hit April record; eurozone ‘pulling out of recession’ – business live
Rolling coverage of the latest economic and financial news Latest: Van sales hit April record last month Eurozone pulling out of recession as PMI rises UK car sales show ‘light at end of tunnel’ in April 141,583 cars registered – up from 4,321 in April 2020 lockdown But, April figures still weaker than average Markets… Continue reading UK car sales recover and van registrations hit April record; eurozone ‘pulling out of recession’ – business live
VW, Audi and Skoda owners angry over fault in SOS warning system
The Volkswagen, Audi and Skoda group has been accused of knowingly selling cars with defective SOS warning systems that in some cases failed before the new owner had left the dealership. Since 2018 all new cars sold across the EU have been required to have an eCall system that automatically contacts the emergency services with… Continue reading VW, Audi and Skoda owners angry over fault in SOS warning system
Mini will pause Oxford production line due to computer chip shortage
Mini will lose three days of production at its Oxford factory as the carmaker contends with shortages of computer chips, amid global supply chain problems. The plant will pause production on Friday, over the bank holiday, as well as Tuesday and Wednesday while it waits for more supplies of chips. Mini, owned by BMW, is… Continue reading Mini will pause Oxford production line due to computer chip shortage
French Renault workers take managers captive in bid to stop factory sale
Workers trying to block the sale of a Renault car parts factory held seven managers against their will for 12 hours in the latest “bossnapping” to hit French industry. Managers at the Fonderie de Bretagne, a foundry near the town of Lorient, in Brittany, north-west France, that has been put up sale, were held by… Continue reading French Renault workers take managers captive in bid to stop factory sale
Sports carmaker Lotus to ramp up production more than tenfold
The sports carmaker Lotus has unveiled plans to increase its output more than tenfold, in a boost to the UK’s post-Brexit automotive sector that will lead to new electric models being built in Norfolk. Lotus, majority-owned by China’s Geely since 2017, said it would ramp up production at sites including its Hethel plant, near Norwich,… Continue reading Sports carmaker Lotus to ramp up production more than tenfold
Serious Fraud Office conducts raids over scheme by Buy2Let Cars owner
The Serious Fraud Office has made an arrest and raided two residential premises as part of an investigation into a company that operated a hire car investment scheme. The SFO is investigating the activities of Raedex Consortium, which runs a string of companies including Buy2Let Cars, PayGo Cars, Wheels4Sure and Rent2Own Cars. The SFO, which… Continue reading Serious Fraud Office conducts raids over scheme by Buy2Let Cars owner
UK electric car sales surge despite Covid lockdown
UK electric and hybrid car sales hit record levels in March, traditionally the biggest month of the year for motor dealers, as demand for greener vehicles surged despite overall trade remaining lower than before the pandemic. Sales of battery electric cars and plug-in hybrids accounted for a combined 13.9% of the market, up from 7.3%… Continue reading UK electric car sales surge despite Covid lockdown
Meet the Briton leading a Tesla rival who wants to save the planet
The Lucid Motors boss Peter Rawlinson is fluent in the language of the new breed of electric carmaker: he wants to save the planet and he wants to do it fast. The California carmaker is only starting production of its hotly anticipated first model in the second half of this year but it has quickly… Continue reading Meet the Briton leading a Tesla rival who wants to save the planet