Tag: <span>Automotive industry</span>

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Aston Martin halves losses in first quarter as its SUV sales soar
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Aston Martin halves losses in first quarter as its SUV sales soar

Aston Martin Lagonda’s losses more than halved in the first quarter as sales of its first-ever sports utility vehicle (SUV) accelerated, especially in markets such as China. The luxury carmaker – which will get a significant marketing boost later this year as James Bond’s car of choice when the next film in the spy franchise hits...

Jaguar Land Rover to suspend work at UK plants amid computer chip shortage
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Jaguar Land Rover to suspend work at UK plants amid computer chip shortage

Jaguar Land Rover (JLR) is to temporarily shut down production at two of its main UK factories because of a shortage of computer chips, in the latest sign of the difficulties facing the global car industry during the pandemic. The company, which has the UK’s largest automotive manufacturing operation, confirmed to the Guardian it would have...

Ocado looks to ‘kerb-to-kitchen’ robot deliveries in £10m Oxbotica deal
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Ocado looks to ‘kerb-to-kitchen’ robot deliveries in £10m Oxbotica deal

Ocado has invested £10m in a self-driving vehicles company to drive its ambition to make autonomous grocery deliveries and develop “kerb-to-kitchen robots” to drop off shopping in homes. The online grocer, which has previously tested a prototype self-driving truck delivering food and snacks to customers in south-east London, has moved to strike a commercial partnership with Oxford-based...

UK online car seller Cazoo to float for $7bn on NYSE
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UK online car seller Cazoo to float for $7bn on NYSE

British online car retailer Cazoo will make its stock market debut in New York though a special-purpose acquisition company (Spac), after agreeing to a merger deal that values the company at $7bn (£5bn). Cazoo is set to merge with Ajax I, led by the billionaire US investor Dan Och, making it the latest company to take advantage...

Full Brexit trade deal ‘goes beyond Canada-style accord’
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Full Brexit trade deal ‘goes beyond Canada-style accord’

The post-Brexit trade deal agreed by the UK and the European Union goes beyond the bloc’s so-called “Canada-style” trade accord, the BBC has reported, citing a full copy of the agreement. The 1,246-page document, which includes about 800 pages of annexes and footnotes, includes a late compromise on electric cars, the corporation said. The EU had sought...

Car battery firm scraps plan to build UK’s first gigafactory in Wales
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Car battery firm scraps plan to build UK’s first gigafactory in Wales

Efforts to build up Wales’s automotive industry have received another blow, after a company seeking to build Britain’s first large electric car battery plant abandoned south Wales in favour of a new location in northern England. Britishvolt, a startup, said it had acquired exclusive rights to a coastal site in Blyth, Northumberland, because its previously announced preference of...

UK expected to ban sale of new petrol and diesel cars from 2030
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UK expected to ban sale of new petrol and diesel cars from 2030

Boris Johnson is understood to be planning to ban the sale of new petrol and diesel cars within a decade, with reports that the ban will be brought forward by five years. It follows the prime minister moving the cut-off date from 2040 to 2035 in February. Johnson is expected to announce the measure amid...