It could be a make or break year for smaller ev makers, reports Reuters UK. Tesla's 20% price cut worldwide last week has led to surge in demand from its German factory supplying Europe but at the same time put pressure on main rivals to reduce prices while some ev startups may be unable to match them and risk losing investments and sales, or worst still, seeing them go out of business. The … [Read more...]
Ford and Toyota get share of Brexit budget
Ford and Toyota engine plants in Wales will get a share of a £6M Brexit assistance budget from Welsh Government, but there has been criticism from Tories in Wales. Ford will get £1.6M and Toyota an unspecified grant while money will also go to other automotive companies struggling with expected higher costs as a result of leaving the EU. First Minister Carwyn Jones announced further business … [Read more...]