Business

Aston Martin issues new shares in fundraising drive

British firm seeks new capital to help recover from financial hit of Covid-19 while gearing up to launch DBX

26 June 2020
Aston Martin issues new shares in fundraising drive
Business

UK car production falls 95.4% in May as sector ramps up

Two-thirds of car plants are now up and running but at significantly reduced capacity

26 June 2020
UK car production falls 95.4% in May as sector ramps up
Business

Government body calls for car tax hike to help cut emissions

Committee on Climate Change recommends significant measures to help the UK achieve net zero emissions by 2050

25 June 2020
Government body calls for car tax hike to help cut emissions
TVR Griffith - static front
TVR intends to build the 500bhp Griffith in Ebbw Vale, South Wales
Business

TVR seeks £25m investment to fund Griffith production

Reborn marque claims more than £40m worth of orders but needs funds to secure and fit out new factory

25 June 2020
TVR seeks £25m investment to fund Griffith production
Oxbotica driverless car
Oxbotica will use the new tech to supplement its real-world car trials
Business

New ‘deepfake’ tech to accelerate autonomous car development

UK-based Oxbotica uses viral video technology as artificial intelligence ‘teaching’ for driverless vehicle systems

25 June 2020
New ‘deepfake’ tech to accelerate autonomous car development
Business

Report: Fiat Chrysler secures £5.7bn loan from Italian government

Reuters reports that Italy has approved a three-year state-backed credit facility in the wake of the pandemic

24 June 2020
Report: Fiat Chrysler secures £5.7bn loan from Italian government
Business

McLaren takes legal action in bid to secure 'urgent' funding

Firm files court case against investors in bid to secure funding to cope with 'severe' blow of pandemic

23 June 2020
McLaren takes legal action in bid to secure 'urgent' funding
Ford Mustang Mach-E
Ford recently its first dedicated EV as a Mustang crossover
Business

Ford: 2035 combustion ban unfeasible without PHEVs

Significantly more collaboration with government is required to achieve net-zero emissions by 2035

23 June 2020
Ford: 2035 combustion ban unfeasible without PHEVs
Business

Ford: Car maker collaboration crucial to EV development

Ford UK's Graham Hoare says joint ventures are necessary to achieve scale and speed with electric vehicles

23 June 2020
Ford: Car maker collaboration crucial to EV development
Business

Bentley boss: Pandemic will cause faster switch to electrification

The need to focus spend post-Covid-19 means combustion engines could disappear sooner

23 June 2020
Bentley boss: Pandemic will cause faster switch to electrification

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