Corporate

Stellantis profits halve as model changeovers hit volumes

Car-making giant blames several launches for a 48% fall in profits but forecasts a stronger second half of 2024

25 July 2024
Stellantis profits halve as model changeovers hit volumes
TVR Griffith front quarter static
TVR announced plans for a new base at Thruxton circuit in December 2023
Corporate

Welsh government invested £14 million in failed TVR factory bid

Auditor general for Wales reveals extent of government spending on slow-moving sports car start-up

17 July 2024
Welsh government invested £14 million in failed TVR factory bid
Defender Octa front quarter tracking Goodwood
The V8-powered Defender Octa embodies JLR's effort to sell more low-volume, high-price cars
Corporate

Inside JLR’s battle for ‘wallet share’ against posh sofa makers

Luxury 4x4s, especially Range Rovers, have moved far enough upmarket to compete with exclusive furniture

15 July 2024
Inside JLR’s battle for ‘wallet share’ against posh sofa makers
nio et5 touring jh 32
Nio ET5 is one of several EVs the Chinese brand already sells in Europe
Corporate

Nio still on track for UK launch after departure of boss

Chinese firm says it's still "committed to Europe" after exit of UK and German bosses and in light of new EV tariffs

19 June 2024
Nio still on track for UK launch after departure of boss
Fisker Ocean front quarter tracking
Fisker paused production of the Ocean in March
Corporate

Fisker files for bankruptcy after rescue talks collapsed

American electric car maker will sell off its assets to repay creditors, having failed to raise crucial funding

18 June 2024
Fisker files for bankruptcy after rescue talks collapsed
Corporate

Ford of Europe boss Martin Sander leaves to join Volkswagen

After two years leading Ford's European EV push, Sander will become Volkswagen's sales and marketing boss

6 June 2024
Ford of Europe boss Martin Sander leaves to join Volkswagen
Renault engine Aramco
Renault and Geely are working to develop a new generation of combustion engines
Corporate

New Renault-Geely engine firm Horse to build five million units a year

Joint venture will look to develop highly efficient hybrid, petrol and diesel engines to 'disrupt' the market

31 May 2024
New Renault-Geely engine firm Horse to build five million units a year
Stefanie Wurst with Mini Cooper Countryman Aceman
Stefanie Wurst oversaw launches of Cooper, Aceman and Countryman
Corporate

Mini CEO Stefanie Wurst steps down after two years

Wurst led renewal of Mini line-up, overseeing launches of Cooper, Aceman and Countryman

13 May 2024
Mini CEO Stefanie Wurst steps down after two years
Mike Johnstone Lotus
Johnstone joined Lotus from Volvo
Corporate

Lotus commercial chief leaves after 18 months

Mike Johnstone is understood to have made the decision himself, and is said to be planning to stay in automotive

25 April 2024
Lotus commercial chief leaves after 18 months
id code roof
VW's new ID Code concept represents a strategic shift in China
Corporate

How Volkswagen plans to conquer the Chinese EV market

Localised development working at 'China speed' is critical to the brand's future in the region

24 April 2024
How Volkswagen plans to conquer the Chinese EV market

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