Ford aims for 40 per cent electric car sales by 2030 May 26, 2021 Ford today said that it was aiming for 40 per cent of its sales to be of electric cars by 2030, sending shares up 7.0 per cent today. The announcement came as the Michigan-headquartered firm unveiled a new strategy, call Ford+, that will see it put $30bn into electrification over the next decade. That is [...]
Nissan ‘in talks’ to build Sunderland battery gigafactory May 26, 2021 Nissan is reportedly in talks with UK ministers over plans to build a new battery gigafactory at its existing site in Sunderland. The new facility, the FT reported, would be run by the Japanese car giant’s subsidiary Envision AESC, and would produce enough batteries for 200,000 electric cars each year. Nissan said it had “no [...]
Jaguar Land Rover sinks to a loss after new CEO’s £1.5bn strategy reset May 18, 2021 Jaguar Land Rover sinks to a loss after new CEO's £1.5bn strategy reset
German e-car boom will hit 178,000 workers unless companies focus on re-skilling May 6, 2021 The electric cars boom will hit 178,000 workers in Germany unless companies gear up efforts to re-skill their employees, a report has shown today. The country’s auto industry will suffer more employees retiring than the labour market can keep up within the coming years, the Ifo institute said. With battery-driven cars requiring less assembly work [...]
Reopening of showrooms boosts new car sales in April May 5, 2021 The reopening of England’s car showrooms boosted sales of new vehicles in April, prompting the car industry to hail the “light at the end of the tunnel” after lockdown. In total, 141,583 new vehicles were registered last month, a thirty-fold jump on the same month a year ago, when the initial coronavirus lockdown all but [...]
Car production rise for first time since 2019 after Covid collapse April 29, 2021 UK car production rose dramatically in March, a year after the coronavirus pandemic forced factories across the country to shut. Output rose 46.6 per cent against 12 months ago, with a total of 115,498 cars built, up from 78,767 in March 2020, new data from auto trade body the SMMT showed. However, the figure is [...]
Driverless cars set for UK roads by the end of the year April 28, 2021 Britain’s roads could see their first driverless cars by the end of the year after the Department for Transport gave an autonomous driving system the green light today. Officials said that the technology could improve road safety by reducing human error, which contributes to over 85 per cent of accidents. In a statement this morning, [...]
Lotus to invest £2bn in switch to electric and revamp of UK plant April 28, 2021 Sports car maker Lotus will build electric vehicles in the UK as part of a £2bn investment push aimed at massively increasing its production capacity. The Hethel-based firm yesterday announced that it would switch to selling only electric cars by 2028. Its last combustion engine car, the Emira, will launch this summer. As part of [...]
Mercedes maker Daimler to cut hours of 18,500 workers due to chip shortage April 21, 2021 Mercedes maker Daimler today said it would cut the hours of some 18,500 workers at its factories in Germany due to the current shortage of semiconductor chips. The auto giant also said it would halt production at two plants for a temporary period of time. A spokesperson for the Stuttgart-headquartered firm said that it was [...]
World’s biggest semiconductor maker warns that shortage could continue into 2022 April 15, 2021 The world’s biggest semiconductor maker this morning warned that the current chip shortage could well last into 2022. Taiwan Semiconductor Manufacturing Co (TSMC) said that it was doing everything it could to alleviate the drought of the processors, which are vital for a vast range of electric devices. Chief exec C. C. Wei told investors [...]