Falling number of London taxi drivers leads to LEVC losing more than £100m August 21, 2024 LEVC is attempting to boost its net worth by £100m to combat the falling number of taxi drivers in central London and the expected further decline in its sales this year. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, is in the process of increasing the value of everything a [...]
Dowlais considers sale of powder metallurgy unit as EV volatility dents profit August 13, 2024 Boss Liam Butterworth said the firm had adopted to a "relentless" focus on cost control ahead of an anticipated dip in second half revenue.
Elon Musk hires operations chief for Tesla’s household energy supplier August 4, 2024 Tesla has hired a new head of operations to help lead the launch of its household energy supplier as Elon Musk presses ahead with his vision for houses to have a "virtual power plant" of batteries.
Aston Martin loses over £200m ahead of production ramp-up July 24, 2024 A fall in demand for luxury models led to Aston Martin losing more than £200m during the first half of 2023, it has been revealed.
Carwow valued at £250m as it taps US investor in funding round July 14, 2024 San Francisco-based Bessemer Venture Partners has put its weight behind the UK online vehicle marketplace.
UK set to miss EV sales targets by 2030 or 2035 July 3, 2024 The UK is set to significantly miss current targets for electric vehicle (EV) sales by either 2030 or 2035, when bans on the sale of petrol and diesel cars will be introduced, according to a new report.
Electric vehicles lead ‘massive change’ in UK factories June 27, 2024 Electric vehicles made up almost two fifths of all new cars produced in the UK in May, according to new figures, as 26,475 models rolled off factory lines.
Aston Martin workers to get four per cent pay rise June 10, 2024 Aston Martin has announced plans to hike pay by 4 per cent for its workers, while also proposing a series of "employee wellbeing" perks.
The car industry is wrong about private electric vehicle demand June 6, 2024 Falling demand from private buyers has dominated media headlines on EV's throughout this year. But experts argue the industry's figures are inaccurate.
McLaren recruits former Rolls-Royce boss in board shake up May 28, 2024 McLaren has brought in the former head of Rolls Royce Motor Cars, Torsten Muller-Otvos, to its board alongside a number of other senior appointments.