Finance and corporate

carlos tavares l with emmanuel macron r paris motor show 2022 1
Finance and corporate

Stellantis CEO Carlos Tavares resigns: €3bn wiped off group's value

Tavares exits multinational car-making giant as profits slide, more than a year before he was due to retire

2 December 2024
Stellantis CEO Carlos Tavares resigns: €3bn wiped off group's value
VED 2024 Nissan Qashqai blue
Finance and corporate

Nissan to cut 9000 jobs and slash production as profits drop 304%

Japanese manufacturer sets out drastic cost-cutting plan as it reports a difficult first half of 2024

7 November 2024
Nissan to cut 9000 jobs and slash production as profits drop 304%
VW Wolfsburg
Finance and corporate

Volkswagen to close three factories and cut jobs in major costs plan

Restructuring of German giant includes 10% salary reduction for all staff and two-year pay freeze

28 October 2024
Volkswagen to close three factories and cut jobs in major costs plan
97 charge cars mustang front quarter 0
Finance and corporate

Mustang electromod maker Charge Cars collapses

Arrival sibling firm blames failure to deliver electric 1967 Ford on "significant challenges"; all staff made redundant

3 July 2024
Mustang electromod maker Charge Cars collapses
JLR new directors
Leonie Raistrick, Santino Pietrosanti and Alan Nicolson
Finance and corporate

JLR names three UK directors to head up its 'house of brands'

New UK leadership team tasked with putting Jaguar, Range Rover, Defender and Discovery "in their own spotlight”

28 March 2024
JLR names three UK directors to head up its 'house of brands'
2024 porsche macan ev front lead
Macan EV is one of four new Porsche models launching in 2024
Finance and corporate

Porsche predicts profit dip in 2024 after three record years

Heavy investment in new model lines and weak performance in China dampen outlook for this year

12 March 2024
Porsche predicts profit dip in 2024 after three record years
Lotus line up 2
Lotus rebranded as an electric-only car maker following its takeover by Chinese behemoth Geely
Finance and corporate

Lotus EV division valued at $5.5bn in public listing

Listing on the New York stock exchange will value EV-focused Lotus Technology division at $5.5 billion

22 February 2024
Lotus EV division valued at $5.5bn in public listing
AstonMartin DB12 Q NEw York
Aston Martin is part owned by consortium Yew Tree, Geely, Mercedes-Benz, Lucid and Saudi Arabia’s Public Investment Fund
Finance and corporate

Lawrence Stroll-led Yew Tree boosts Aston Martin stake to 26.23%

Billionaire chairman's Yewtree consortium had agreed with Geely to cap its stake at 25% until August 2024

3 October 2023
Lawrence Stroll-led Yew Tree boosts Aston Martin stake to 26.23%
Autocar great women
Finance and corporate

Autocar names top rising stars in 2023 Great Women awards

Best up-and-coming female talent spanning 11 categories named; 124 other rising stars also recognised

28 June 2023
Autocar names top rising stars in 2023 Great Women awards
99 Lotus Technology HQ architectural image
Lotus Technology will build 90,000 'lifestyle'-focused Lotus EVs annually by 2028
Finance and corporate

Lotus Technology EV division to go public with SPAC merger

China-based Lotus Technology valued at £4.38 billion as it merges with SPAC firm for Nasdaq listing

31 January 2023
Lotus Technology EV division to go public with SPAC merger

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