Corporate

Bentley Flying Spur front quarter tracking rain
Brexit costs Bentley between £4.4m and £6.1m per year
Finance

Hiring staff 'much more complicated' post-Brexit, says Bentley

Rotating Audi Group staff takes as much effort as hiring someone for three to five years, complains CFO

17 March 2023
Hiring staff 'much more complicated' post-Brexit, says Bentley
2 jlr rawdon glover
New Jaguar Land Rover boss Rawdon Glover
Corporate

Jaguar names new managing director ahead of 2025 relaunch

Rawdon Glover replaces Philip Koehn, who has only publicly been the boss of Jaguar for the past few weeks

16 March 2023
Jaguar names new managing director ahead of 2025 relaunch
VW ID Buzz 2023 front quarter tracking
Of the Volkswagen Group's current order book of 1.8 million vehicles, 16% are EVs
Electric vehicles

Volkswagen Group to invest £158bn in EVs over next five years

Of the huge spend, £13.2bn is earmarked for building new PowerCo battery factory in Salzgitter, Germany

14 March 2023
Volkswagen Group to invest £158bn in EVs over next five years
arrival beta van studio front quarter static
Arrival is refocusing its resources on a larger 'XL' van for the lucrative US market
Corporate

Arrival receives £250m cash injection amid cost-cutting drive

$300 million financing line gives the EV start-up a lifeline as it prepares to lay off half its staff

13 March 2023
Arrival receives £250m cash injection amid cost-cutting drive
Autocar Great Women
Corporate

Nominations for Autocar Great Women: Rising Stars 2023 now open

Award recognises the motoring industry’s best female rising stars with updated categories for the new year

8 March 2023
Nominations for Autocar Great Women: Rising Stars 2023 now open
Vincent Cobee with Citroen Oli concept
Vincent Cobée is a vocal proponent of sustainable, affordable mobility
Corporate

Vincent Cobee steps down as Citroen CEO

French firm's charismatic leader leaves to pursue "personal projects"; Stellantis sales boss steps in

23 February 2023
Vincent Cobee steps down as Citroen CEO
Shoichiro Toyoda
Shoichiro Toyoda began his career at Toyota in 1952 and served on the board for 57 years
Corporate

Toyota honorary chairman Shoichiro Toyoda dies aged 97

Toyoda helped push the firm to become a global competitor and oversaw the development of Lexus and the Prius

15 February 2023
Toyota honorary chairman Shoichiro Toyoda dies aged 97
ford badge detail
Ford of Europe's workforce is being downsized in pursuit of a "leaner and more cost-competitive structure"
Corporate

Ford cuts 3800 jobs in Europe, 1300 of them in the UK

Massive cost-cutting programme has heavy impact on engineering workforce, due to less complex EV drivetrains

14 February 2023
Ford cuts 3800 jobs in Europe, 1300 of them in the UK
Volkswagen project trinity autocar render front quarter
The Volkswagen Trinity is currently due in dealers in 2026, badged as the ID 4
Vehicle manufacturing

Decision imminent on future of €2bn VW Trinity factory

Flagship saloon has been delayed by two years, potentially making a new plant redundant

10 February 2023
Decision imminent on future of €2bn VW Trinity factory
Ford Fiesta vs Ford Focus 2022
Ford Fiesta production will end this summer, with the Focus following in 2025
Corporate

Ford may further cut European passenger car line-up

American giant accelerates its cost-cutting drive after posting a $2 billion loss in 2022

3 February 2023
Ford may further cut European passenger car line-up

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