Business

Lotus line up 2
Lotus rebranded as an electric-only car maker following its takeover by Chinese behemoth Geely
Finance and corporate

Lotus EV division valued at $5.5bn in public listing

Listing on the New York stock exchange will value EV-focused Lotus Technology division at $5.5 billion

22 February 2024
Lotus EV division valued at $5.5bn in public listing
Genesis GV60 and GV70 in Edinburgh Studio
Genesis has Studio spaces in Westfield London, Battersea and Edinburgh
Retail and finance

Genesis taps '90%' of UK car market with expanded retail network

Korean premium brand appoints six retail partners nationwide as it looks to boost market share in UK

22 February 2024
Genesis taps '90%' of UK car market with expanded retail network
Stellantis Luton production line
A limited number of medium-sized vans will be produced on the adapted production line
Manufacturing

Stellantis's Luton plant to produce electric vans from early 2025

The move follows Vauxhall parent company's £100m full electrification of Ellesmere Port

22 February 2024
Stellantis's Luton plant to produce electric vans from early 2025
Audi badge 2024
The move comes after delays in the introduction of several key Audi production models
Corporate

Audi could oust tech boss for new model delays

Technical development boss Oliver Hoffmann could be asked to step down by Audi's CEO

21 February 2024
Audi could oust tech boss for new model delays
volvo car charging 0
Northern Ireland is home to just 1% of the UK's total public chargers
Electric vehicles

EV charging must be priority for restored Northern Ireland Assembly

While number of rapid and ultra-rapid chargers has grown fivefold in past 18 months, only 100 are in operation

20 February 2024
EV charging must be priority for restored Northern Ireland Assembly
26 land rover defender 2020 rt otr front 0
The UK's best-selling diesel model by far is the Land Rover Defender
Electric vehicles

UK diesel car sales rise following electric car stumble

Diesel sales rose 12% in December 2023, briefly interrupting a decline that began back in 2016

20 February 2024
UK diesel car sales rise following electric car stumble
Aston Martin factory
Manufacturing

Aston Martin creates 400 jobs to bolster production

Extra staff will work on production of DBX 707 super-SUV, DB12 grand tourer and new Vantage sports car

19 February 2024
Aston Martin creates 400 jobs to bolster production
VW ID Buzz leading convoy of electric cars
A total of 2,011,209 electric cars were sold in Europe last year – nearly overtaking diesels
Car sales

EVs boost European car market to strongest post-pandemic year

Tesla rose above Nissan and Volvo as battery-electric cars closed in on diesels in 2023, new figures reveal

15 February 2024
EVs boost European car market to strongest post-pandemic year
Ford Active Park Assist
Ford claims it will save around $10 million per year by removing the Puma's Active Park Assist
Tech, development and manufacturing

Use it or lose it: carmakers killing unused features

After Tesla ditched indicator stalks, Ford has now removed its automated parking tech - saving millions of pounds

15 February 2024
Use it or lose it: carmakers killing unused features
Mechanic inspecting engine at garage
The IMI says the report "doesn't pull its punches"
Business

Industry facing 'serious' battles with poor image and record vacancies

A new report from the Institute of the Motor Industry has singled out 10 challenges facing automotive in 2024

13 February 2024
Industry facing 'serious' battles with poor image and record vacancies

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