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Automotive business leaders welcome £4bn Advanced Manufacturing Plan from UK government

Published 27 November 2023
By Matt Robinson
Industry leaders in the automotive sector have warmly welcomed a government initiative that will see £4.5 billion of funding ringfenced.
Aston Martin will receive electric tech from Mercedes in return for bigger stake

Aston to raise £653m in Saudi-backed deal

Aston Martin Lagonda has said that it plans to raise £653m in equity with backing from the Saudi Arabian Public Investment Fund (PIF).
Published 15 July 2022
CMA: UK needs ten times more electric car charging points by 2030

Government aims for 10x charging points by 2030

The Department for Transport has announced funding of £500m to further expand and develop the UK’s public EV charging infrastructure.
Published 25 March 2022

Aston Martin hits the reset button with £500m plan

Aston Martin has confirmed a big shake-up of its new car projects, as part of plans to raise £500m to ensure the company's survival.
Published 31 January 2020

SMMT: Brexit is pushing investment away from UK

Britain's car industry body has issued another warning over ongoing Brexit uncertainty, claiming inward investment has "effectively stopped".
Published 01 August 2019
Land Rover Range Rover Sport Production Solihull

Government pledges £500m to Jaguar Land Rover

Jaguar Land Rover has earned the support of the UK Government, courtesy of a substantial investment into the firm's new electric car projects.
Published 16 July 2019

Dyson will build electric cars in Singapore

Dyson has confirmed it will build its electric cars at a new factory in Singapore — though R&D work will still take place at its base in the UK.
Published 24 October 2018

Govt invests £10m in digital street mapping

The Department for Transport will spend £10m on a new real-time navigation system — though the setup likely won't be ready before 2020.
Published 06 September 2018
Honda production at Swindon car plant

Brexit caused car industry investment to halve

Total investment in the UK's car industry for 2018 so far has plummeted by almost 50%, the SMMT has revealed.
Published 26 June 2018
Forget property, classic cars are the best investment for smart savers

Forget property, classic cars are proving the best...

Classic cars have proved to be one of the best investments over the past decade, outperforming wines, stamps and art...
Published 06 July 2014