Swedish battery maker Northvolt files for bankruptcy March 12, 2025 Swedish battery maker Northvolt has filed for bankruptcy after failing to secure funding amid ongoing financial struggles. The company had experienced a series of mounting challenges in recent months as it struggled to hit production targets despite liquidity support from lenders including Goldman Sachs and Blackrock. It had previously sought US Chapter 11 bankruptcy protection [...]
Porsche 911 Carrera GTS T-Hybrid review: The 911 goes electric February 7, 2025 We knew it was coming and so did Porsche; the current ‘992’ generation of 911 was engineered to accommodate a battery and electric motor from the outset. Even so, this feels like an evolutionary leap: a milestone in the car’s 62-year story so far. In time, will the arrival of a hybrid 911 be seen [...]
UK new car market stalls as weak consumer confidence bites February 5, 2025 New car registrations fell by 2.5 per cent in January as weak consumer confidence and a tough economic backdrop delivered a fourth consecutive monthly decline. There were 139,345 new vehicle registrations in January, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT). New registrations for both private and fleet buyers [...]
Porsche 911 GT3 2025 review: An intense hit of purest Porsche January 31, 2025 An espresso machine is steaming furiously and fresh croissants are arranged on a shelf that doubles as a swan-neck rear spoiler. Morning has broken over the Ricardo Tormo circuit near Valencia and business is brisk at The 9,000rpm Cafe. The 2025 Porsche 911 GT3 launch is underway. The name of Porsche’s pit-garage breakfast bar is [...]
Jaguar Land Rover: Profit suffers £100m reverse despite sales rise January 29, 2025 Jaguar Land Rover (JLR) has revealed its pre-tax profit reversed by more than £100m during its latest quarter despite a rise in sales. The automotive giant has posted a pre-tax profit of £523m for the final three months of 2024, down from the £627m it reported during the same period in 2023. However, despite the [...]
Nissan supplier to create almost 200 jobs with new £50m EV factory January 16, 2025 A major supplier of Nissan has invested nearly £50m to open a new factory in Sunderland, creating 183 high-skilled jobs for the local region. Jatco, a Japanese firm which makes gearboxes for global automakers, will build electrified powertrains for Nissan’s nearby gigafactory. Situated in Sunderland’s International Advanced Manufacturing Park, the 138,840 sq ft plant is [...]
Ex-Aston Martin CEO: Scrap hybrids, go all in on EV cars January 11, 2025 Our reliance on hybrid is holding us back from real progress. It's time to go all in on EV cars, writes ex-Aston Martin CEO and 'godfather of EVs' Andy Palmer.
Rolls-Royce to invest £300m in Goodwood as buyers go bespoke January 8, 2025 Luxury car maker Rolls-Royce has announced a £300 million boost for its Goodwood headquarters. The investment represents the largest injection of capital since the West Sussex factory opened in 2003. Originally home to 300 staff, the Goodwood facility started out by building one car per day. Now more than 2,500 people work at the ‘Home [...]
Sport sponsorship: Best deals, who’s investing and 2025 growth January 5, 2025 As 2025 kicks off, the sports sponsorship landscape is brimming with opportunity. New trends are emerging and the environment is ripe for seasoned sponsors to make bold investments promoting new brand offerings. With Premier League clubs preparing for life after gambling sponsors and athlete-driven media platforms gaining traction, the industry is undergoing a transformation that [...]
Cinch sales drop below £1bn after ‘rapidly falling’ used car prices January 3, 2025 Sales are car retailer Cinch dipped below £1bn after the company was hit by “rapidly falling” used vehicle prices. For the 12 months to 31 March, 2024, the Hampshire-based firm posted a revenue of £932.5m, down from the £1.01bn it achieved in the prior year. Newly-filed accounts with Companies House also show that its pre-tax [...]