UK

Corporate / Financial

Corporate / Financial

Lamborghini posts record profit for 2022, 56 percent better than last year

Lamborghini posts record profit for 2022, 56 percent better than last year

The company has an 18-month waiting list of orders.

By Brian Potter 1m ago

Corporate / Financial

Volkswagen assets frozen in Russia over contract dispute

Volkswagen assets frozen in Russia over contract dispute

GAZ alleges VW is in breach of contract, and the Russian courts are involved.

By Brian Potter 13m ago

Bentley posts record 2022 profit, up 82% led by strong Bentayga sales

Bentley posts record 2022 profit, up 82% led by strong Bentayga sales

The luxury brand clocked €708 million in operating profit last year, nearly double its earnings in 2021.

By Brian Potter 17 March 2023

Corporate / Financial

Ford to cut 1,100 jobs in Spain as it axes MPVs

Ford to cut 1,100 jobs in Spain as it axes MPVs

The layoffs will follow the end of the S-Max and Galaxy's production, set to happen in April.

By Brian Potter 13 March 2023

Polestar has "different aim to Tesla" and won't engage in price wars

Polestar has "different aim to Tesla" and won't engage in price wars

Volvo's subsidiary has maintained its 2023 production target of 80,000 units.

By Brian Potter 06 March 2023

Honda bares EV investment plans, expects ICE to stick beyond 2040

Honda bares EV investment plans, expects ICE to stick beyond 2040

A Honda charging network similar to Tesla's is on the cards.

By Jacob Oliva 05 March 2023

Corporate / Financial

Stellantis employees getting €2 billion in profit-sharing bonus

Stellantis employees getting €2 billion in profit-sharing bonus

After a record-breaking 2022 when net profit increased by 26 percent.

By Brian Potter 23 February 2023

Tesla denies claims it fired Autopilot workers over union push

Tesla denies claims it fired Autopilot workers over union push

In a blog post responding to "false allegations," Tesla said the employees were laid off because of poor performance.

By Dan Mihalascu 19 February 2023

Corporate / Financial

Tesla's price cuts damage confidence in EVs: Renault CEO

Tesla's price cuts damage confidence in EVs: Renault CEO

Luca de Meo says Renault "will continue to protect the value" of its electric vehicles.

By Brian Potter 17 February 2023

Corporate / Financial

Musk okay with Tesla going bankrupt if a rival built a better EV

Musk okay with Tesla going bankrupt if a rival built a better EV

That's what Tesla board member Hiromichi Mizuno claims Musk said more than once.

By Brian Potter 17 February 2023

Tesla reportedly fired workers involved in attempts to unionise

Tesla reportedly fired workers involved in attempts to unionise

According to a complaint filed with the US National Labor Relations Board, Tesla just fired dozens at its factory in Buffalo, New York.

By Brian Potter 17 February 2023

Tesla employees sent email to Elon Musk about intent to unionise

Tesla employees sent email to Elon Musk about intent to unionise

Tesla workers want a pay increase, better job security, and protection from production pressure that may be impacting their health.

By Brian Potter 15 February 2023

Corporate / Financial

Ford confirms 3,800 job cuts in Europe, 1,300 in UK by 2025 amid EV transformation

Ford confirms 3,800 job cuts in Europe, 1,300 in UK by 2025 amid EV transformation

Of the total, 2,800 are engineering jobs as electric vehicles are less complex.

By Brian Potter 14 February 2023

New Toyota CEO to ramp up EV adoption, new platform due 2026

New Toyota CEO to ramp up EV adoption, new platform due 2026

The new boss wants Lexus to have a leading role in the company's electrification

By Brian Potter 14 February 2023

Corporate / Financial

Porsche donates €1 million to help earthquake victims in Turkey, Syria

Porsche donates €1 million to help earthquake victims in Turkey, Syria

The company is also asking its workforce to donate.

By Anthony Alaniz 11 February 2023

Corporate / Financial

Tesla CEO Elon Musk didn't mislead investors, says jury in "420" case

Tesla CEO Elon Musk didn't mislead investors, says jury in "420" case

A jury unanimously agreed that Musk didn't intend to mislead investors when he said he was considering taking Tesla private.

By Brian Potter 07 February 2023

Corporate / Financial

Lotus set to go public via SPAC at £4.48 billion valuation

Lotus set to go public via SPAC at £4.48 billion valuation

The automaker will trade under the ticker 'LOT'.

By Ben O'Hare 05 February 2023

Corporate / Financial

Ferrari employees to get nearly £12,500 bonus after excellent 2022

Ferrari employees to get nearly £12,500 bonus after excellent 2022

Around 5,000 workers will receive a bonus of up to €13,500.

By Adrian Padeanu 05 February 2023

Corporate / Financial

Ferrari set new sales record in 2022 by delivering 13,221 cars

Ferrari set new sales record in 2022 by delivering 13,221 cars

Net profit also set a new record for the company.

By Brian Potter 03 February 2023

Corporate / Financial

Bollinger Motors files patent infringement suit against UK startup Munro

Bollinger Motors files patent infringement suit against UK startup Munro

The official legal complaint also accuses Munro designer Ross Compton, a former Bollinger contractor, of violating his non-disclosure agreement.

By Brian Potter 02 February 2023

Corporate / Financial

Renault, Nissan on equal footing in announced major alliance overhaul

The so-called "Alliance 2.0" will have high-value-creation projects in Latin America, India, and Europe.

By Brian Potter 31 January 2023

Corporate / Financial

Nissan global sales plummeted by 20.7 percent in 2022 to 3.23 million cars

Nissan global sales plummeted by 20.7 percent in 2022 to 3.23 million cars

The company built fewer vehicles, too.

By Brian Potter 31 January 2023

Akio Toyoda steps down as Toyota CEO, becomes Chairman of the Board

Akio Toyoda steps down as Toyota CEO, becomes Chairman of the Board

Koji Sato, the boss of Lexus and Gazoo Racing, will be Toyota's new CEO.

By Brian Potter 27 January 2023

Tesla rises up world's most valuable brands ranking despite tough times

Tesla rises up world's most valuable brands ranking despite tough times

Tesla had a rough 2022, but you wouldn't know it by the results of Brand Finance’s 2023 World’s Most Valuable Brands rankings.

By Brian Potter 26 January 2023

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