Finance and corporate

Volkswagen ID 3 2021 front detail

An IPO for Volkswagen's battery division, Powerco, has been hinted at

Finance and corporate

VW Group brands to simulate IPOs following Porsche success

Volkswagen Group will use initial public offering ‘training sessions’ for each brand to inform strategy

4 October 2022

VW Group brands to simulate IPOs following Porsche success

aston martin valhalla front quarter static

Geely takes a stake in Aston Martin, but not exactly how it planned to

Finance and corporate

Analysis: Can Aston Martin work with new stakeholder Geely?

Previously rebuffed Geely is now an 8% stakeholder, but that doesn't mean they will work together

30 September 2022

Analysis: Can Aston Martin work with new stakeholder Geely?

Porsche 911 2022 rear with Porsche Taycan 2022

The Porsche 911 and the Taycan EV are key models in the brand's portfolio

Finance and corporate

Porsche IPO raises €19.5 billion for Volkswagen Group

Porsche flotation comprising 911 million shares at €82.50 apiece ‘a big dream come true’ for CEO Oliver Blume

30 September 2022

Porsche IPO raises €19.5 billion for Volkswagen Group

aston martin v12 vantage rear badge 0

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

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