Business

Finance

Stellantis records 70% profits fall in 2024 due to dip in US market

Chairman John Elkann said it was “a year of stark contrasts" with "results falling short of our potential”

26 February 2025

Stellantis records 70% profits fall in 2024 due to dip in US market

Lutz Meschke and Detlev von Platen

Lutz Meschke (left) and Detlev von Platen

Business

Porsche ousts board members over slowing sales and rising costs

Chief financial officer Lutz Meschke and sales and marketing boss Detlev von Platen have left the company

26 February 2025

Porsche ousts board members over slowing sales and rising costs

autocar business movers shakers

Corporate

Lucid CEO steps down after six years at the helm

Peter Rawlinson to take on advisory role 12 years after joining the nascent EV maker

26 February 2025

Lucid CEO steps down after six years at the helm

Volklec's cylindrical cells will be built under license from Chinese firm Far East Battery

Technology

UK battery start-up to begin cell production this year

Coventry-based Volklec aims to supply cells for the “underserved” market with help from China

26 February 2025

UK battery start-up to begin cell production this year

ev megatest group tracking jh 17

Car sales

Global car makers suffer punishing year in China – with more to come

The world's biggest car market has long been a reliable cash machine for many European firms. Now it isn’t

25 February 2025

Global car makers suffer punishing year in China – with more to come

Manufacturing

Mini delays EV production at Oxford

Electric Cooper and Aceman models, currently built in China, were due to start rolling out of UK plant next year

21 February 2025

Mini delays EV production at Oxford

Mercedes Maybach S Class front quarter

A fall in sales of 'top-end' models such as Maybachs was a big contributor to Mercedes' woes

Finance

Mercedes adjusts strategy as it braces for 2025 profit drop

Profit generated by Mercedes-Benz Cars fell by 39.1% last year and it expects 2025 to be harder

20 February 2025

Mercedes adjusts strategy as it braces for 2025 profit drop

Ford Explorer front quarter tracking

Entry-level Ford Explorer is priced from £39,875 so just avoids the ECS, but extras push it over the £40k threshold

Electric vehicles

Industry backlash as average EV breaks luxury car tax threshold

Sales of many EVs will be hit by the new application of the £3k expensive car supplement

20 February 2025

Industry backlash as average EV breaks luxury car tax threshold

Gordon Murray T50S Niki Lauda Goodwood front quarter

Launch of more hardcore T50S clears the way for new bespoke commissions

New cars

Gordon Murray Group announces new Special Vehicles arm

New division will focus on one-off models, plus highly-customised examples of the T50 and T33

19 February 2025

Gordon Murray Group announces new Special Vehicles arm

Fiat Olivier Francois

Corporate

Fiat was 'starving for love' – now it's got it

Axing model after model stunted the brand, but chief Olivier François believes it's back for better

18 February 2025

Fiat was 'starving for love' – now it's got it

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