Automotive industry

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Ferrari pre-sells entire new supercar model despite £1m+ price tag

Ferrari pre-sells entire new supercar model despite £1m+ price tag – Rupert Neate Wealth correspondent Luxury carmaker calls new Monza models the ‘closest driving experience to F1’ Ferrari has announced a new open-top supercar it describes as “probably the closest and purest driving experience to Formula 1” – and has already pre-sold the whole production […]

BMW plans to shut Mini plant for a month after Brexit day

BMW plans to shut Mini plant for a month after Brexit day – Rob Davies Carmaker says Cowley closure minimises impact of supply disruption if there is no deal BMW plans to shut its Mini plant for a month after the UK’s official departure from the European Union, to minimise the impact of a no-deal […]

More than 3,000 Jaguar Land Rover staff will go to three-day week

More than 3,000 Jaguar Land Rover staff will go to three-day week – Rob Davies Castle Bromwich move comes after carmaker was accused of ‘scaremongering’ about Brexit Jaguar Land Rover has announced that more than 3,000 staff will move to a three-day week at its Castle Bromwich plant in the West Midlands. The news came […]

Aston Martin names first female chair as it prepares for £5bn float

Aston Martin names first female chair as it prepares for £5bn float – Rupert Neate Carmaker appoints Penny Hughes and a string of other City heavyweights to board Aston Martin has appointed Penny Hughes, a former Coca-Cola executive, as its chair as the luxury carmaker prepares for a £5bn stock market flotation. Andy Palmer, the […]