Finance and corporate

Ex-Ferrari technology boss Michael Leiters named McLaren CEO

Leiters replaces long-time boss Mike Flewitt, having played a core role in Porsche's and Ferrari's strategies

27 April 2022
Ex-Ferrari technology boss Michael Leiters named McLaren CEO
Massimo Fumarola, CEO (left) and Steve Morris, Executive Chairman (right) (optimised)
Fumarola (left) becomes CEO as Morris is named executive chairman
Finance and corporate

New Morgan CEO is ex-Lamborghini projects boss

Management changes as Massimo Fumarola named Morgan CEO while Steve Morris becomes executive chairman

26 April 2022
New Morgan CEO is ex-Lamborghini projects boss
Finance and corporate

Renault looks to separately list EV business

The change could happen in 2023, with potential further implications for alliance with Nissan

22 April 2022
Renault looks to separately list EV business
rimac bugatti2
Investindustrial has made a significant investment in Rimac, which also owns Bugatti
Finance and corporate

Morgan owner invests £100 million in Rimac Group

Italian private equity outfit Investindustrial joins Porsche and Hyundai as investors in the Croatian firm

20 April 2022
Morgan owner invests £100 million in Rimac Group
Finance and corporate

Ex-Porsche executive Klaus Zellmer becomes Skoda boss

Replacement for Thomas Schafer was previously Porsche America boss and currently leads Volkswagen sales

4 April 2022
Ex-Porsche executive Klaus Zellmer becomes Skoda boss
Finance and corporate

Thomas Muller replaces Nick Rogers as JLR engineering chief

Former VW Group engineering boss has experience of advanced driver-assistance systems and autonomous tech

4 April 2022
Thomas Muller replaces Nick Rogers as JLR engineering chief
Finance and corporate

Report: Ssangyong hunts new owner as £187m buyout falls through

Korean marque's takeover by Edison Motors had been approved but payment deadline has reportedly been missed

30 March 2022
Report: Ssangyong hunts new owner as £187m buyout falls through
Finance and corporate

Seat sales increase 10% but profitability takes hit

Seat and Cupra sold a combined 471,000 cars last year but suffered negative operating loss of €371 million

23 March 2022
Seat sales increase 10% but profitability takes hit
Finance and corporate

Skoda achieves sales return of 6.1% despite reduced deliveries

Czech manufacturer delivered 878,200 new cars and received €17.7 billion in revenue during 2021

22 March 2022
Skoda achieves sales return of 6.1% despite reduced deliveries
Audi Ducati Bentley Lamborghini
Audi is parent company to Ducati, Lamborghini and Bentley
Finance and corporate

Audi Group posts record profits despite global sales dip

Semiconductor shortage throttled output but strong pricing and record Lamborghini sales helped mitigate the impact

17 March 2022
Audi Group posts record profits despite global sales dip

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