Learning how to change gears a thing of the past as electric vehicles take over, says AA president December 27, 2021 The need for drivers to learn how to change gears will soon be eliminated as electric vehicles take over, the president of the AA has said. In an interview with The Daily Telegraph, Edmund King said the Government’s decision to ban the sale of all new petrol and diesel cars and vans by 2030 has [...]
Worst November since 1984 for UK car industry despite strong demand for electric vehicles December 23, 2021 Despite a surge in demand for battery electric vehicles, UK car production saw the worst November performance since 1984 last month The Society of Motor Manufacturers and Traders (SMMT) said November UK car production was the fifth consecutive month of decline, dropping 28.7 per cent to 75,756 units, the worst figure seen in 37 years, [...]
British Lamborghinis supplier to debut on AIM with £75m listing December 20, 2021 CT Automotive will debut on London’s junior stock market with a market capitalisation of around £75m this week, after raising £33.6m in an initial public offering (IPO). The company supplies parts for the interiors of cars, such as cup holders, air vents and dashboard panels. Nissan, luxury brands including Bentley and Lamborghini and electric car [...]
OneWeb moves satellite production to the UK injecting £2.3bn into space sector December 8, 2021 Taxpayer-backed satellite operator OneWeb has announced this afternoon that it plans to spend $3bn (£2.2bn) to move manufacturing from the US to the UK.
Will autonomous vehicles succeed in revolutionising travel? December 6, 2021 | City Talk Investors have a bird’s-eye view of the driverless revolution happening before their eyes Recently, Cruise, the autonomous vehicle subsidiary of General Motors, announced that they plan to have one million or more autonomous vehicles in their fleet by 2030. In late September 2020, the research arm of Toyota Motor Corporation, Woven Planet, acquired Renovo, an automotive operating system software [...]
Wiltshire take off: Nuclear fusion firm reveals it has launched UK’s first chemical rocket in Salisbury November 22, 2021 A newly developed high-power chemical rocket was launched in the heart of Wiltshire, UK nuclear fusion firm Pulsar Fusion has revealed. The Bletchley-based company launched the rocket from the Ministry of Defence’s military base in Salisbury and took place on November 17. The firm shared with City A.M. today that the launch contained the first [...]
Cazoo acquires Spanish car marketplace in €30m deal November 16, 2021 London-based online car retailer Cazoo has acquired Spanish car subscription marketplace Swipcar in a €30m deal, following the decision to expand more into the European market. “Swipcar has built a market-leading car subscription marketplace in Spain adding hundreds of new customers every month,” Alex Chesterman, Cazoo’s founder and chief executive said. “This deal will enable [...]
Morgan Plus Four CX-T review: Let’s off-road! November 13, 2021 The Morgan Plus Four CX-T is a crazy collision between a classic sports car and a desert racer. Tim Pitt tries to make sense of it.
Car rental Hertz ups its share expectations ahead of relisting November 9, 2021 Shareholders of Hertz increased the size of their public offering of shares by 20 per cent, ahead of plans to relist on the Nasdaq.
UK Space Agency renews efforts to tackle ‘neglected’ space debris October 26, 2021 The UK Space Agency has renewed its efforts to tackle the “neglected” issue of space debris, amid concerns it could damage satellites and impact SatNav use. Space debris and orbital congestion is one of the largest issues in the global space sector, as it could cost launching companies millions in damaged satellites. With seven space [...]