In recent years, Honda has closed its Swindon car plant, with the loss of about 3,500 jobs. However, BMW is understood to preparing to invest up to £600m in its Mini plant in Cowley, Oxford, for building electric models, though no final decision has been announced. Go to Source
Author: BBC News
Jaguar Land Rover cuts output at UK factories due to chip shortage
The carmaker is reducing production at its factories in Solihull and Halewood until the spring. Go to Source
Russia revives Soviet-era car brand at ex-Renault plant
It is reviving the Soviet-era Moskvich brand, though the car’s design has been updated. Go to Source
Electric car drivers must pay tax from 2025
Mr Hunt said: “Because the OBR (Office for Budget Responsibility) forecasts half of all new vehicles will be electric by 2025, to make our motoring tax system fairer I’ve decided that from then, electric vehicles will no longer be exempt from vehicle excise duty.” Go to Source
Ford Fiesta car set to be discontinued as model scrapped
The BBC understands executives are planning to announce the production will end as early as next year. Go to Source
China’s electric car market is booming but can it last?
And this is largely driven by government mandates and incentives, says Mr Hsieh. For more than a decade, the Chinese government has subsidised EV purchases. The value of these subsidies has fallen over time, and they are due to end by 2023, but there are still plenty of reasons why buying an electric car is… Continue reading China’s electric car market is booming but can it last?
Tesla ordered to recall more than a million US cars
The US car-safety watchdog says a window glitch is affecting all four Tesla models. Go to Source
Porsche IPO: Luxury car maker valued at up to $75bn in share sale
The stock market flotation is set to be Germany’s second-largest ever initial public offering. Go to Source
California to ban sales of petrol-only vehicles by 2035
The biggest state in the US has moved faster than the federal government to tighten emission rules. Go to Source
Ford chooses Valencia for new electric car plant
The US automaker warns of “significant” job losses as part of its changing strategy. Go to Source