Aston Martin will build an electric version of its Rapide four-door saloon at Gaydon, backed by ChinaEquity.
The car’s drivetrain will be developed by Williams Advanced Engineering who created the Jaguar C-X75 hybrid before it was cancelled and is also likely to underpin the AM DBX SUV expected in 2019 and possibly being built in South Wales, as well as the range-topping Lagonda saloon a few years later.
Toyota is recalling 6.5 million cars globally over a potential fire risk.
Just under 3 Million will be affected in the USA, 1.2 M in Europe and 600,000 in Japan by a faulty power window switch on certain Yaris, Corolla, Camry and RAV4 models among others.
Volkswagen Group may have to set aside more than the 6.5 billion euros ($7.4 billion) it has so far allocated to cover the costs of an emissions scandal if car sales suffer, CEO Matthias Mueller said.
Buyers of Volkswagen marine engines are now said to be considering legal action over their emissions and performance, and claims they were mis-represented, although VW did not own the marine division when supplied in 2007.
Fiat Chrysler is facing a potentially massive bill from the EC after its Luxembourg tax arrangements were ruled illegal.
The car company moved its operations there to lower tax liability and was encouraged by the Luxembourg Government, but now the EC said more tax is due to Brussels and Luxembourg.