Business

McLaren to axe 1200 jobs amid restructure

Woking firm cites Covid-19 pandemic and imminent Formula 1 cost cap as key reasons behind decision

26 May 2020
McLaren to axe 1200 jobs amid restructure
Aston Martin DBX at St Athan
Aston Martin's DBX at its home, St Athan
Business

Opinion: What new CEO Tobias Moers will bring to Aston Martin

Andy Palmer has done much for Aston Martin, but amid troubled times, we consider what Tobias Moers, currently boss of Mercedes-AMG, can bring to the renowned maker

26 May 2020
Opinion: What new CEO Tobias Moers will bring to Aston Martin
Aston Martin
Aston Martin
Business

Official: Aston Martin names Mercedes-AMG chief as new boss

Updated: British firm's share price rallies after it names Tobias Moers will replace Andy Palmer as CEO

26 May 2020
Official: Aston Martin names Mercedes-AMG chief as new boss
Business

Government to allow car showrooms in England to open on 1 June

Prime Minister Boris Johnson says dealerships can open doors at start of next month

25 May 2020
Government to allow car showrooms in England to open on 1 June
Business

Aston Martin boss Andy Palmer set to be replaced by AMG boss Moers

Aston confirms management talks following Financial Times report that AMG boss Tobias Moers is being lined up to take top job on Tuesday

24 May 2020
Aston Martin boss Andy Palmer set to be replaced by AMG boss Moers
Volvo XC40 Recharge - front boot
Volvo's CEO thinks that EV sales will recover faster than those of traditional cars
Business

Volvo boss predicts post-lockdown lack of demand for ICE cars

Buyers won't flood to showrooms for petrol or diesel cars after lockdown, reckons Håkan Samuelsson, so it would "be good to promote" electrification

22 May 2020
Volvo boss predicts post-lockdown lack of demand for ICE cars
Tesla gigafactory - Nevada
The planned factory could match the output of Tesla's Nevada facility
Business

UK technology firms plot country's first battery gigafactory

Britishvolt and AMTE Power to collaborate on £4bn project to match output of Tesla's Nevada battery facility

22 May 2020
UK technology firms plot country's first battery gigafactory
Jaguar Land Rover factory
JLR is aiming to reopen some factories on 18 May
Business

Jaguar Land Rover anticipates £500m Brexit tariff

British firm expects to pay huge sum in vehicle export tariffs if Britain leaves Europe without a deal

22 May 2020
Jaguar Land Rover anticipates £500m Brexit tariff
Business

New 'Facts Disc' shares classic car information digitally

Car enthusiasts can now share information on their pride and joy with a realistic tax disc-style device

21 May 2020
New 'Facts Disc' shares classic car information digitally
Mercedes EQ family
Mercedes’ €10bn electrification is now in full swing
Business

Mercedes R&D boss: synthetic fuel not a viable option

German firm will flow money into electrification efforts instead

21 May 2020
Mercedes R&D boss: synthetic fuel not a viable option

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