Business

1 tesla model 3 2019 rt hero front (1)
Of Tesla's 1.31 million deliveries, a staggering 1.24 million were Model 3 and Model Y cars
New cars

Tesla to detail new EV platform in March after record 2022

Tesla’s total annual revenue increased 51% year on year to $81.5 billion, doubling its net income to $12.6 billion

26 January 2023
Tesla to detail new EV platform in March after record 2022
Akio Toyoda in racing suit
Akio Toyoda won Autcar's prestigious Issigonis Trophy in 2018
Corporate

Akio Toyoda becomes Toyota chairman; Lexus boss now CEO

Akio Toyoda steps back from CEO role after 14 years, to be replaced by Koji Sato from 1 April

26 January 2023
Akio Toyoda becomes Toyota chairman; Lexus boss now CEO
Jaguar production line Solihull
Manufacturing

UK car industry calls for fresh investment after dire 2022 output

Output from UK factories down more than 40% on 2019; investment into electrification will help recovery

26 January 2023
UK car industry calls for fresh investment after dire 2022 output
BMW i4 Cupra Born front quarter tracking
Many buyers thought manufacturers should focus on improving electric vehicles' range between charges
What Car? Insight

Cost of living crisis dampens demand for EVs

What Car? data reveals interest in electric cars declined as interest rates and living costs spiked

26 January 2023
Cost of living crisis dampens demand for EVs
range rover sport 2022 front quarter tracking 0
Range Rover and Range Rover Sport drove the quarter's profits
Finance

Jaguar Land Rover posts first profitable quarter since 2020

Firm earned £265 million in profits in the quarter ending 31 December, boosted by Range Rover success

25 January 2023
Jaguar Land Rover posts first profitable quarter since 2020
18 toyota aygo x rt 2022 static
The Toyota Aygo X was released last year
vehicle manufacturing

Toyota to temporarily close Czech plant over lack of parts

Japanese firm's Kolin plant, which produces the Aygo X and Yaris, will shut for the whole of February

25 January 2023
Toyota to temporarily close Czech plant over lack of parts
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Editors Briefing

Editors Briefing: Is it too late for UK to go electric?

The team discusses the collapse of Britishvolt, plus the success of luxury brands, and the new Afeela brand

25 January 2023
Editors Briefing: Is it too late for UK to go electric?
audi q5 scrapped
Covid lockdowns meant fewer cars were being crashed – further depleting the stock of scrap
Manufacturing

Salvage industry's future uncertain as new car shortage bites

Rising used car prices prevent cars from going to scrappers, increasing costs

25 January 2023
Salvage industry's future uncertain as new car shortage bites
Ford garage forecourt 2021
Rising prices and threat of a recession are expected to hit demand for new cars over the coming years
Car sales

UK car sales will not recover from Covid before 2030

New forecast by American analysts Auto Forecast Solutions suggests high interest rates will limit sales recovery

24 January 2023
UK car sales will not recover from Covid before 2030
cazoo mercdes sprinter car transporter front quarter tracking
Cazoo founder Alex Chesterman will remain chairman
Corporate

Cazoo swaps CEO and cuts UK jobs in cost-cutting drive

Alex Chesterman will be replaced by Paul Whitehead, the company's current COO

23 January 2023
Cazoo swaps CEO and cuts UK jobs in cost-cutting drive

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