Aston Martin secures £550 million in new debt financing to bolster liquidity

LONDON: Aston Martin Lagonda Global Holdings PLC said Wednesday it has secured £550 million ($735.57 million) in new debt financing led by funds managed by BlackRock-owned HPS Investment Partners, strengthening…

Muhammad ALI July 22, 2026

Australian Exchange

Peter Warren Automotive to acquire Wakeling Automotive in $28 million deal

SYDNEY - Australian automotive dealership group Peter Warren Automotive Holdings Limited (ASX: PWR) announced Friday it has agreed to acquire Wakeling Automotive, a family-owned multi-franchise dealership group based in Macarthur,…

NNR December 19, 2025

Wire

UK to impose mileage tax on electric vehicles from 2028

LONDON - Britain's government will introduce a new "pay-per-mile" tax for electric vehicles (EVs) starting in 2028, Chancellor Rachel Reeves announced in her Autumn Budget, a move designed to offset…

Muhammad ALI November 27, 2025

Euronext

Racing Force Group Q3 sales accelerate on strong demand for driver gear

PARIS: Racing Force Group (RFG.MI) reported a sharp acceleration in third-quarter 2025 revenue growth on Tuesday, driven by robust demand for its driver equipment and new helmet models, prompting the…

NNR October 21, 2025

Wire

Renault Group raises €850 million in oversubscribed green bond offering

PARIS: Renault Group announced Tuesday the successful placement of its first-ever green bond issuance, raising €850 million with a maturity date of Sept. 30, 2030, and a coupon of 3.875%.…

NNR September 23, 2025

Wire

Ford to invest $2 billion in Kentucky plant for affordable EVs

LOUISVILLE: Ford Motor Co. said Monday it will invest $2 billion in its Louisville Assembly Plant to accelerate production of affordable electric vehicles, marking a major step in the automaker’s…

NNR August 11, 2025

Wire

U.K.-U.S. trade deal takes effect, cuts tariffs on British cars but leaves metals in question

China on Monday released the development plan for the Hainan free-trade port, aiming to build Hainan into a globally influential, high-level, free-trade port by the middle of the century. LONDON:…

NNR June 30, 2025

OTC

Tesla sales rebound in Australia amid global challenges

https://youtube.com/shorts/OaFkdMzqUSQ?feature=shared Tesla reported a sales rebound in Australia in May, with deliveries reaching their highest level in nearly 12 months. The automaker sold 3,897 vehicles, driven by record sales of…

NNR June 12, 2025

London Stock Exchange

Pinewood.AI to acquire Lithia’s stake in North American JV in $76.5 million deal

LONDON: Pinewood.AI, a leading cloud-based software provider for the automotive retail sector, has agreed to acquire Lithia UK Holdings Limited’s 51% stake in Pinewood North America LLC for $76.5 million,…

Ali Mirza June 6, 2025

OTC

Tesla’s Australian sales surge as Model Y demand soars

Tesla saw a rebound in Australian sales in May, hitting their highest level in nearly a year despite declines in the U.S. and Europe. The EV maker reported 3,897 deliveries,…

NNR June 4, 2025

Euronext

Renault and Volvo launch Flexis SAS for next-gen electric vans

PARIS: Renault Group and Volvo Group have announced the completion of their joint venture, Flexis SAS, marking a significant leap in the production of next-generation electric vans. The new venture,…

NNR March 22, 2024

Euronext

Atos joins Catena-X, the automotive industry network across Europe

PARIS, FRANCE: Atos is now a member of Catena-X, an open, scalable European network, based on the GAIA-X cloud infrastructure initiative, which aims to enable secure cross-company data exchange across the automotive industry to improve…

NNR October 15, 2021