Finance and corporate

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Finance and corporate

Geely acquires 7.6% stake in Aston Martin

Chinese giant taking stake completes British firm's transformative £654 million funding round

30 September 2022

Geely acquires 7.6% stake in Aston Martin

Partnership with Umicore secures raw materials for battery cathodes ahead of EV transition

Tech, development and manufacturing

VW Powerco partners with Belgian material recycling firm

Powerco joint venture with Umicore to supply VW Group’s European battery factories with key materials from 2025

27 September 2022

VW Powerco partners with Belgian material recycling firm

Repurchase agreement consists mainly of an £801m payment

Finance and corporate

Stellantis to buy £800m of shares back from General Motors

Stellantis takes back 69.1 million common shares from 2017 Vauxhall-Opel acquisition

15 September 2022

Stellantis to buy £800m of shares back from General Motors

Aston Martin DB11 front quarter tracking

The DB11 (pictured), Vantage and DBS are all due to be revamped next year

Finance and corporate

What next for Aston Martin after crucial fundraising drive?

Share price dipped to £1.73 after rights issue yesterday, in which Saudi Arabia took a 16.7% stake in the firm

13 September 2022

What next for Aston Martin after crucial fundraising drive?

Tobias Moers L Manfred Fitzgerald R Piech Automotive lead

Tobias Moers (l) and Manfred Fitzgerald (r) will be co-chairmen of Piëch Automotive

Finance and corporate

Tobias Moers joins Piech Automotive as chief technical officer

Ex-Aston Martin CEO will run Swiss start-up alongside Manfred Fitzgerald, former head of Genesis

8 September 2022

Tobias Moers joins Piech Automotive as chief technical officer

Rivian-Amazon EDV 03

Rivian currently produces EDV 700 van for Amazon

Finance and corporate

Mercedes-Benz and Rivian partner to build electric vans in Europe

American EV start-up chooses factory in mainland Europe over the UK location it had previously considered

8 September 2022

Mercedes-Benz and Rivian partner to build electric vans in Europe

Cazoo Mercdes Sprinter car transporter front quarter tracking

Cazoo will re-focus on its UK operations following mainland Europe exit

Finance and corporate

Analysis: Why Cazoo is pulling out of mainland Europe

Cazoo has announced it will cease its business in mainland Europe amid a financial drought

8 September 2022

Analysis: Why Cazoo is pulling out of mainland Europe

Richard Moore West Midlands Gigafactory

Richard Moore previously worked for JLR and was involved with Jaguar I-Pace development

Finance and corporate

West Midlands Gigafactory hires former Lotus director of engineering

Battery manufacturer recruits previous Lotus engineering director Richard Moore to oversee strategy

8 September 2022

West Midlands Gigafactory hires former Lotus director of engineering

Julian Thomson behind wheel

Thomson will direct a new GM Advanced Design studio based in the Midlands

Finance and corporate

Former Jaguar design boss surfaces at General Motors

Lotus Elise S1 designer Julian Thomson will oversee new UK design studio for GM

5 September 2022

Former Jaguar design boss surfaces at General Motors

Sajjad Khan's appointment reportedly hinges on Mercedes' consent for the move

Finance and corporate

Porsche poaches former Mercedes tech chief to run IT

Software expert Sajjad Khan is expected to join Porsche board to oversee delivery of new tech

2 September 2022

Porsche poaches former Mercedes tech chief to run IT

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