Finance and corporate

Toyota profits fall 21% due to production cuts

Production forecast has also been slashed by a further 500,000 units to 8.5 million

9 February 2022
Toyota profits fall 21% due to production cuts
Finance and corporate

Ex-Ferrari F1 CEO appointed Aston Martin brand chief

Marco Mattiacci joins after stints as boss of Ferrari in North America and the Scuderia Ferrari Formula 1 team

9 February 2022
Ex-Ferrari F1 CEO appointed Aston Martin brand chief
Finance and corporate

Ford bounces back from 2020 loss despite reduced volumes in 2021

Semiconductor shortage causes 2021 earnings to fall below expectations, but Ford forecasts improvements in 2022

4 February 2022
Ford bounces back from 2020 loss despite reduced volumes in 2021
eqe
New EQE is next EQ-badged Mercedes EV
Finance and corporate

Daimler rebranded as Mercedes-Benz AG

Having spun off commercial vehicle division, company focuses on future of Benz, AMG, Maybach and EQ brands

1 February 2022
Daimler rebranded as Mercedes-Benz AG
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Land Rover has taken 30,000 orders for new Range Rover
Finance and corporate

Jaguar Land Rover boosts revenue but chip shortage hurts profits

JLR posted revenues of £4.7bn last quarter – a 22% increase – but has an order backlog of 155,000 vehicles

31 January 2022
Jaguar Land Rover boosts revenue but chip shortage hurts profits
Finance and corporate

How Renault, Nissan and Mitsubishi plan stronger Alliance

Triumvirate of car makers has faced significant recent obstacles, but bosses are confident for the future

31 January 2022
How Renault, Nissan and Mitsubishi plan stronger Alliance
Finance and corporate

Former Vauxhall boss Stephen Norman retires after 45-year career

Norman helped propel Vauxhall’s business back to profitability after 20 years of losses

28 January 2022
Former Vauxhall boss Stephen Norman retires after 45-year career
Finance and corporate

Toyota sales grow 10.6% as firm retains global best-seller title

Toyota and Lexus sold a total of 9.6 million units last year, outselling Volkswagen by around 4.8 million

28 January 2022
Toyota sales grow 10.6% as firm retains global best-seller title
Finance and corporate

GAC rebuffs Stellantis's Chinese joint venture plans

Chinese manufacturer denies that it has agreed to changes in jointly owned company's stakeholding

27 January 2022
GAC rebuffs Stellantis's Chinese joint venture plans
matt becker
Matt Becker
Finance and corporate

Matt Becker joins Jaguar Land Rover as Mike Cross retires

Ex-Aston Martin chassis boss to lead JLR engineering but won't replace Cross, who leaves after 37 years

20 January 2022
Matt Becker joins Jaguar Land Rover as Mike Cross retires

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