Bentley Flying Spur front quarter tracking rain
Brexit costs Bentley between £4.4m and £6.1m per year
Finance

Hiring staff 'much more complicated' post-Brexit, says Bentley

Rotating Audi Group staff takes as much effort as hiring someone for three to five years, complains CFO

17 March 2023
Hiring staff 'much more complicated' post-Brexit, says Bentley
Skoda Enyaq vRS
Sales of the Enyaq increased by 53,700 units worldwide
Finance

Skoda revenues rise in 2022 despite impact of war in Ukraine

Skoda delivered 731,300 cars in 2022 for a 16.7% year-on-year drop but earned €628 million in profit

16 March 2023
Skoda revenues rise in 2022 despite impact of war in Ukraine
2 jlr rawdon glover
New Jaguar Land Rover boss Rawdon Glover
Corporate

Jaguar names new managing director ahead of 2025 relaunch

Rawdon Glover replaces Philip Koehn, who has only publicly been the boss of Jaguar for the past few weeks

16 March 2023
Jaguar names new managing director ahead of 2025 relaunch
audi q4 e tron 2021 front quarter tracking
The Audi Group's operating profit grew from €5.5bn in 2021 to €7.6bn last year
Finance

Audi Group forecasts operating margin dip after record 2022

Audi, Bentley, Ducati and Lamborghini set £6.7 billion profit high as average sale values spike

16 March 2023
Audi Group forecasts operating margin dip after record 2022
Volkswagen ID 3 ID 4 ID 5 family front static
The VW Group is confident it can keep the margins stable and grow volume
Finance

Investors worry as Volkswagen prioritises growth over profit

Easing of semiconductor shortage means firm is bullish about sales growth over margins

16 March 2023
Investors worry as Volkswagen prioritises growth over profit
Dealership, sales and marketing

Automotive Marketing & Communications Awards 2023 winners announced

Winners revealed across several categories as the industry continues to show the depth of its innovation

15 March 2023
Automotive Marketing & Communications Awards 2023 winners announced
Mclaren Artura 2022 front quarter tracking
The McLaren Artura is the manufacturer's first mainstream hybrid model
Finance

McLaren secures £70 million investment to fund electrification

Cash injection is the first stage of a £500 million plan, new report claims

14 March 2023
McLaren secures £70 million investment to fund electrification
VW ID Buzz 2023 front quarter tracking
Of the Volkswagen Group's current order book of 1.8 million vehicles, 16% are EVs
Electric vehicles

Volkswagen Group to invest £158bn in EVs over next five years

Of the huge spend, £13.2bn is earmarked for building new PowerCo battery factory in Salzgitter, Germany

14 March 2023
Volkswagen Group to invest £158bn in EVs over next five years
arrival beta van studio front quarter static
Arrival is refocusing its resources on a larger 'XL' van for the lucrative US market
Corporate

Arrival receives £250m cash injection amid cost-cutting drive

$300 million financing line gives the EV start-up a lifeline as it prepares to lay off half its staff

13 March 2023
Arrival receives £250m cash injection amid cost-cutting drive
jlr south west london
Jaguar Land Rover plans to adopt the agency model in the UK by the end of 2024
Car sales

Jaguar denies it has settled on plan to have fewer than 20 UK dealers

But British brand admits switch to sell only EVs from 2025 will result in significant retail changes

13 March 2023
Jaguar denies it has settled on plan to have fewer than 20 UK dealers

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