Category Archives: Automotive industry

Kemi Badenoch casts doubt on electric car targets over job loss fears

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Mandate for carmakers to sell increasing number of zero-emissions vehicles could be weakened, business secretary hints

Kemi Badenoch has suggested electric vehicle mandates could hamper investment in Britain and lead to job losses, in a sign that another of the government’s green pledges is in doubt.

The business secretary was discussing the automotive industry’s concerns about a rule to be introduced in January that will require manufacturers to ensure at least 22% of new sales in the UK are of emissions-free models, rising each year to reach 80% by 2030.

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In America’s ‘Voltage Valley’, hopes of car-making revival turn sour

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EV manufacturer Lordstown Motors, lauded by Trump in 2020, has gone bankrupt – what now for the once-proud auto-making region?

When Lordstown Motors, an electric vehicles (EV) manufacturer in Ohio’s Mahoning Valley, declared bankruptcy last month, it was the latest blow to a region that has seen decades of extravagant promises fail to deliver.

The 5,000 new jobs executives vowed to create in 2020 generated fresh hope for the shuttered General Motors Lordstown plant, which once functioned as an economic engine for the area and a critical piece of the nation’s industrial heartland.

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Carmakers double spending on ads in Australia for SUVs and utes

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Exclusive: Data shows huge jump in promotion and an 80% increase in sales of larger and more polluting vehicles, leading to calls for ban on ads

Carmakers have doubled how much they spend advertising SUVs and utes to Australians over the past decade, which has coincided with surging uptake of larger cars, triggering calls for a ban on advertising the highest polluting vehicles.

Advertising spends for SUVs and light commercial vehicles – a category which includes four-wheel drive utes – jumped from about $100m in 2010 to about $197m in 2022, according to analysis of digital, television, outdoor, radio, cinema and print advertising compiled by climate advocacy group Comms Declare.

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Aston Martin agrees deal to make electric vehicles with US firm Lucid

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British carmaker to use components from Lucid to produce luxury high-performance battery electric models

Aston Martin has struck a deal with the US firm Lucid to start making “ultra-luxury high-performance electric vehicles” from 2025.

The British luxury carmaker, whose losses more than doubled last year to almost £500m, has struck a cash and shares deal valued at £182m in which Lucid will take a 3.7% stake in London-listed Aston Martin.

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Firm owned by Britishvolt buyer raided by Australian authorities

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Future of UK battery making thrown further into doubt after company founded by David Collard was visited by federal police

A company owned by the buyer of Britishvolt has been raided by the Australian authorities, throwing the future of UK battery-making further into doubt.

Britishvolt, based in Blyth, Northumberland, and which the UK government lauded for its potential role in British battery production and UK-built electric vehicles before it fell into administration, was bought by the Australian entrepreneur David Collard earlier this year.

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Disgraced Nissan boss Carlos Ghosn sues former employer for $1bn

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Executive who jumped bail in Japan and escaped to Beirut has filed claim in Lebanese court

Carlos Ghosn, the disgraced former Nissan executive who jumped bail in Japan and fled to Lebanon, has filed a $1bn lawsuit against his former employer.

Ghosn, the mastermind of a carmaking alliance with Renault that also later involved Mitsubishi Motors, was detained in Japan in November 2018 amid allegations of financial misconduct involving a plot to deliberately underreport his remuneration.

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Twitter and Tesla’s interests at odds in Elon Musk’s quiet China visit

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The world’s richest person lapsed into an unusual silence on social media during his trip to the electric carmaker’s second largest market

Followers of Elon Musk didn’t know what to expect from his trip to China. Would he speak about Tesla, a company with a large market and manufacturing footprint there? Or SpaceX, with its symbiotic relationship with the American state? Or even Twitter, the social network he bought because “free speech is the bedrock of a functioning democracy”?

The one thing no one expected: silence.

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Hyundai and Kia settle lawsuit worth $200m over vehicle theft due to TikTok

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A trend on the app, which started spreading in 2021, challenged users to steal cars made by the automakers using a USB cable

Hyundai and Kia have agreed to settle a consumer class-action lawsuit worth $200m over rampant thefts of the vehicles because of a TikTok trend.

In February, the Korean automakers said they would offer software upgrades to 8.3m US vehicles to help curb a stark increase in thefts using a method popularized on TikTok and other social media channels.

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Jaguar Land Rover offered £500m in subsidies to build battery plant in UK

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Incentive from Jeremy Hunt comes only days after three carmakers issued Brexit rules warning

The government has offered the owner of Jaguar Land Rover £500m in subsidies in an effort to persuade the carmaker to build a new electric battery plant in the UK.

The chancellor, Jeremy Hunt, has put forward a package of incentives to entice JLR, days after three global carmakers warned that Brexit rules on where parts were sourced threatened the future of the British automotive industry.

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Jeep maker Stellantis demands billions to keep battery plant in Canada

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World’s fourth biggest carmaker threatens to move production to US unless government matches incentives offered to Volkswagen

Jeep maker Stellantis has threatened to shift a planned battery plant from Canada to the US unless it receives billions more in state subsidies offered to a rival, in the latest manoeuvre by a big manufacturer in the international battle over green incentives.

It comes as the world’s fourth biggest carmaker, which also produces Vauxhall/Opel, Fiat, Citroën, Peugeot, DS, Alfa Romeo, Maserati and Abarth vehicles, leads a campaign in Europe for the UK and EU to renegotiate tariff rules in the Brexit deal.

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Ford, Vauxhall owner and JLR call for UK to renegotiate Brexit deal

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Carmakers call on Britain to change rules on batteries that they say threaten electric vehicle production

Three big global carmakers have called on the UK government to renegotiate the Brexit deal, saying rules on where parts are sourced from threaten the future of the British automotive industry.

Ford and Jaguar Land Rover have joined Stellantis, which owns the Vauxhall, Peugeot and Citroën brands, to warn the transition to electric vehicles will be knocked off course unless the UK and EU delay stricter “rules of origin”, due to kick in next year, that could add tariffs on car exports.

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Battery passports: how a meeting at Davos helped set a car industry standard

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Mining groups hope their joint project, ReSource, will have an influence on the global business

“It’s incredibly exciting,” said Benedikt Sobotka, the chief executive of mining company Eurasian Resources Group (ERG). Sitting in front of an audience in January at Davos, the ski resort that hosts an annual gathering of the world’s business elite, he waved a piece of paper with a QR code that he hopes will eventually be attached to every electric car battery in the world.

Sobotka’s excitement reflected his involvement in setting up ReSource, a joint project with fellow miners Glencore and IXM to provide battery “passports” for electric cars. It also hinted at his bigger hopes: that his mining company and its partners could take an influential role in the future of the automotive industry.

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Brexit backer Jim Ratcliffe’s Ineos to build electric Grenadier in Austria

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Britain misses out on building second Ineos vehicle, after company chose France for original model

Ineos, the company founded and run by the British billionaire Sir Jim Ratcliffe, will build an electric version of its new Grenadier off-road vehicle in Austria.

The electric version of the 4x4 will be developed with the Canadian car parts manufacturer Magna and production is scheduled to start in 2026.

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Brazil may sue VW amid claims firm used ‘slave labour’ under military rule

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Prosecutors seek compensation for workers kept on cattle ranch owned by German carmaker during dictatorship from 1973 to 1987

Brazil is threatening to take the German carmaker Volkswagen to court over allegations that it used slave labour on a vast ranch in the Amazon, after talks on compensating workers ended without agreement.

Public prosecutors in Brazil are seeking compensation for men who they say were forced to work in “humiliating and degrading” conditions, with no clean water or sanitation, on the Fazenda Vale do Rio Cristalino cattle ranch, which was owned by the company in the northern Pará state, between 1973 and 1987.

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EU ministers to approve vehicle emissions law after deal with Germany

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Berlin secures concessions over future use of e-fuels after going back on agreement struck last year

EU ministers are expected to approve a draft law on emissions standards for cars on Tuesday, after reaching a deal with Germany over the weekend that ended a damaging row over a key part of Europe’s green deal.

Pascal Canfin, a French centrist MEP who chairs the European parliament’s environment committee, said an EU law that all cars sold from 2035 must produce zero emissions “will be voted unchanged, including by Germany” on Tuesday.

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Dieselgate: millions of ‘extremely’ polluting cars still on Europe’s roads, says report

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The research group that first exposed the scandal say ‘it’s not over’ and that governments must act

Thirteen million diesel cars producing “extreme” levels of toxic air pollution are still on the roads in Europe and the UK, according to a report, seven years after the Dieselgate scandal first exploded.

The non-profit research group, the International Council on Clean Transportation (ICCT), revealed in 2015 that many diesel cars were highly polluting, emitting far more nitrogen oxides on the road than in official testing. The scandal led to a more rigorous test being introduced in the EU in 2019.

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Toyota accused of greenwashing in Greenpeace complaint filed to ACCC

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Complaint focuses on claims about performance of vehicles and net zero by 2050 plans while company says it is committed to sustainable future

Greenpeace Australia Pacific has asked the Australian Competition and Consumer Commission to investigate whether environmental claims by Toyota are misleading or deceptive.

The greenwashing complaint, filed Friday by the Environmental Defenders Office on behalf of Greenpeace, focuses on claims about the environmental performance of Toyota’s vehicles and its net zero ambitions.

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Ford to cut nearly 4,000 jobs in Europe, including 1,300 in UK

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US carmaker blames losses on rising costs and need to switch to electric vehicle production

The British car industry faces the prospect of further steep job cuts without urgent government support for electric vehicle investment, a union leader has warned, after Ford revealed 1,300 UK redundancies in its internal combustion operations.

The US carmaker said it planned to eliminate 3,800 product development and administration jobs across Europe, citing rising costs and the need to speed up its switch from petrol and diesel engines to electric vehicles.

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Australian startup Recharge wins bid for collapsed UK battery company Britishvolt

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Recharge, which is also planning a factory in Victoria, revives goal to build £3.8bn ‘gigafactory’ in north England

An emerging Australian company yet to construct a major project will be responsible for delivering on UK hopes to electrify its automotive industry after outbidding rivals to take over collapsed battery maker Britishvolt.

In a whirlwind fortnight, Recharge Industries put together an aggressive package that also revives plans to build a £3.8bn (A$6.7bn) “gigafactory” in the north of England to supply the next generation of UK-built electric vehicles, free from Chinese materials.

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Where does the Britishvolt collapse leave UK’s dream of an electric future?

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Britain’s car industry relies on petrol or diesel vehicles – and every failure to be part of the electric revolution makes it more exposed

The battery startup Britishvolt eyed a big opportunity. With the looming UK ban on sales of internal combustion engine cars after 2035, big demand for batteries was guaranteed. The problem was actually building the batteries.

The company’s efforts have now come to nothing. It collapsed into administration on Tuesday after funding talks failed, leaving a string of disappointed backers ranging from the FTSE 100 companies Glencore and Ashtead to the property investor Tritax, owned by investment group abrdn, which had committed to fund a battery “gigafactory” in Northumberland.

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