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Automobiles

Chinese firm tests electric flying taxi in Dubai

A Chinese firm tested an electric flying taxi in Dubai on Monday, offering a glimpse of futuristic technology that could one day whisk people...

Four German car firms fined by EU over emission control collusion

The European Union fined four major German car manufacturers €875 million in fines because they colluded to limit the development and rollout of car...

Ferrari names new chief executive

Ferrari has announced that Benedetto Vigna, an Italian executive at Europe’s largest semiconductor chipmaker, will be the luxury sports carmaker’s new CEO. Mr Vigna, 52,...

Volkswagen reports huge pre-tax profit despite Covid-19 disruption

German car maker Volkswagen has said it made a better than expected post-tax profit of €8.8 billion in 2020 despite the disruption from the...

European car sales plunge as pandemic provokes crisis

European car sales plunged by nearly a quarter last year as the pandemic provoked the worst crisis ever to hit the capital-intensive industry. New car...

Daimler to pay £1.17bn to settle emissions cheating probes in US

Car maker Daimler and subsidiary Mercedes-Benz USA have agreed to pay 1.5 billion dollars (£1.17 billion) to the US government and California state regulators...

UK demand for new cars down almost 35% in June

Demand for new cars fell by 34.9% last month, an automotive industry body said. Only 145,377 new cars were registered in June compared with 223,421...

Aston Martin to slash up to 500 jobs as car sales plunge

Aston Martin has said it plans to cut up to 500 jobs as part of a major restructuring at the luxury car manufacturer. The troubled...

France unveils €8bn plan to rescue ailing car industry

France’s Government is injecting more than €8bn to save the country’s car industry from huge losses wrought by virus lockdowns. It wants to use the...

Honda to resume car manufacturing in UK next month

Car giant Honda is to restart UK production next month in the latest move by motor manufacturers to resume work. The company announced it had...

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