Finance and corporate

Westfield workshop with Sport 250

Finance and corporate

Westfield Sports Cars enters administration after 39 years

Caterham rival, which also developed autonomous vehicles and owned Chesil, ended 2021 with less than £26k

13 June 2022

Westfield Sports Cars enters administration after 39 years

2 volkswagen id 3s

Volkswagen is preparing for a move to a direct sales model

Finance and corporate

Upheaval at VW Group in the UK as jobs go under review

“Changes to organisational structure” are needed as company switches to direct sales model

9 June 2022

Upheaval at VW Group in the UK as jobs go under review

99 Cazooo van line up

Cazoo pioneered direct used car sales

Finance and corporate

Cazoo blames effects of cost of living for cuts in investment and jobs

Online used car start-up has cut 750 jobs, a 15% reduction; subscription service also ends

8 June 2022

Cazoo blames effects of cost of living for cuts in investment and jobs

rimac interview 40

Finance and corporate

Rimac raises €500 million investment to continue rapid expansion

Funds were provided by SoftBank and current Rimac investors such as Porsche and Morgan owner Investindustrial

1 June 2022

Rimac raises €500 million investment to continue rapid expansion

AC TOP 100 1600x1066 HEADER IMAGE new

Finance and corporate

The 2022 Power List 100; Carlos Tavares at the top

We name the 100 most influential people in the automotive industry

30 May 2022

The 2022 Power List 100; Carlos Tavares at the top

denis le vot with dacia bigster

Dacia boss Denis Le Vot said it is "disappointing" to lose two designers in quick succession

Finance and corporate

Dacia boss: timing is right for design team shuffle

Miles Nurnberger's exit means firm is on its third design boss in a year, but new Duster and Bigster are "99% done"

30 May 2022

Dacia boss: timing is right for design team shuffle

99 Mercedes Maybach

Mercedes-Benz focuses on the electric luxury segment

Finance and corporate

How Mercedes will become a pure luxury brand

Analysis of the new strategy at Mercedes-Benz as the firm reports a 16.4% profit margin

23 May 2022

How Mercedes will become a pure luxury brand

renault 5 concept overheard front

An electrified Renault 5 is due in 2024

Finance and corporate

Renault plots separate EV business to raise funds, boost development

Firm is looking to follow Ford in creating a new sub-brand purely for electric vehicles

20 May 2022

Renault plots separate EV business to raise funds, boost development

Arrival has signed a non-binding deal for 20,000 vans with courier firm UPS

Finance and corporate

German bank reports EV firm Arrival running low on cash

Berenberg bank indicates that British start-up is suffering from the wider sell-off of tech stocks

18 May 2022

German bank reports EV firm Arrival running low on cash

1 renault arkana 2021 road test review hero front

Finance and corporate

Renault Group sells Avtovaz stake with six-year buy-back option

Company CEO Luca de Meo leaves door open to return to Russia in the future "in a different context'

16 May 2022

Renault Group sells Avtovaz stake with six-year buy-back option

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