Finance and corporate

98 aston martin valhalla official reveal rear
Aston Martin will use investment to balance books and develop electrified sports cars
Finance and corporate

Aston Martin reveals huge £653m investment plan

Saudi Public Investment Fund (PIF), Mercedes-Benz and current owners to inject £335m, rest to come from share issue

15 July 2022
Aston Martin reveals huge £653m investment plan
arrival van
Finance and corporate

Start-up Arrival warns it could lay off 800 staff to fund van project

British firm currently employs 2600, with 30% at risk “in response to the challenging economic environment”

13 July 2022
Start-up Arrival warns it could lay off 800 staff to fund van project
Volkswagen logo at Wolfsburg
Finance and corporate

Volkswagen Group to close Russian factory, union says

German car maker blames lack of parts due to sanctions imposed on Russia after its invasion of Ukraine

6 July 2022
Volkswagen Group to close Russian factory, union says
polestar2 bst edition 270 side profile studio
Polestar will launch a trio of new EVs by 2025 to join existing 2 saloon
Finance and corporate

Promising start for Polestar as EV brand lists on Nasdaq

EV brand valued at £890 million in stock listing; stock price climbs 5% in first half hour

24 June 2022
Promising start for Polestar as EV brand lists on Nasdaq
Cazoo NYSE facade banner
Cazoo has seen its value fall from a high of $7 billion
Finance and corporate

Automotive start-ups under threat from spooked investors

As the cost-of-living crisis bites, so disruptors in the car industry are also finding cash hard to come by

24 June 2022
Automotive start-ups under threat from spooked investors
Carlos tavares
Stellantis boss Tavares was previously president of the ACEA
Finance and corporate

What Stellantis leaving EU lobby group means for car industry

Conglomerate's decision to leave ACEA will have profound implications as industry debates Europe's 2035 ICE ban

22 June 2022
What Stellantis leaving EU lobby group means for car industry
Hildegard Wortmann Audi
Hildegard Wortmann, member of the VW Group board of management for sales (credit: Getty Images)
Finance and corporate

Car industry strives to raise female representation

Manufacturers are setting bolder gender targets as Autocar honours women excelling in senior automotive roles

14 June 2022
Car industry strives to raise female representation
Westfield workshop with Sport 250
Finance and corporate

Westfield Sports Cars enters administration after 39 years

Caterham rival, which also developed autonomous vehicles and owned Chesil, ended 2021 with less than £26k

13 June 2022
Westfield Sports Cars enters administration after 39 years
2 volkswagen id 3s
Volkswagen is preparing for a move to a direct sales model
Finance and corporate

Upheaval at VW Group in the UK as jobs go under review

“Changes to organisational structure” are needed as company switches to direct sales model

9 June 2022
Upheaval at VW Group in the UK as jobs go under review
99 Cazooo van line up
Cazoo pioneered direct used car sales
Finance and corporate

Cazoo blames effects of cost of living for cuts in investment and jobs

Online used car start-up has cut 750 jobs, a 15% reduction; subscription service also ends

8 June 2022
Cazoo blames effects of cost of living for cuts in investment and jobs

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