Aston Martin says it is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from a stock market flotation in October. The automaker will publish a prospectus on Thursday and hopes to announce its final pricing at the beginning of next month, ahead of an IPO on or around Oct. 8.
Jaguar Land Rover is facing a fresh Brexit dilemma as it aims to boost the proportion of parts made in the UK to simplify its supply chains and save costs. But the prospect of an EU exit is making it tougher to persuade suppliers to expand in the country.
Leaving the EU without a divorce deal could make life for UK citizens and businesses more difficult, including forcing motorists to get an international license to drive in Europe, the government said.
The UK government will try not to impose extra burdens on the auto industry for reporting CO2 emissions if it leaves the EU without a deal, but will seek to maintain rules that correspond to current bloc arrangements.
The UK government announced an extra 106 million pounds ($138 million) in funding to help boost the research and development of environmentally-friendly vehicles, batteries and low-carbon technology as it aims to make Britain a world-leader in greener vehicles.
A UK energy entrepreneur and former Formula One team owner is entering the race to build intercity "flying taxi" services that tap recent aerospace advances while steering clear of more fanciful ideas touted by rival companies.
Dyson, best known for its vacuum cleaners and hand dryers, is charging ahead with a $2.6 billion push to start building electric cars, unveiling plans to turn a former airfield into a vehicle-testing site.
The UK government is making 150 million pounds (170 million euros) available over five years to help fund pilot studies of self-driving cars. The country forecasts that the autonomous market will be worth more than 900 million pounds by 2035.
UK registrations fell 3.5 percent in June as demand for diesels plunged. VW Group's Seat had the biggest rise among brands, followed by BMW. Losers included Nissan, Dacia, Fiat, Renault, Ford and Vauxhall.
The UK will boost investment in EV infrastructure, including a 400-million-pound ($531 million) fund for companies that produce and install charging points, as it seeks to encourage consumers to move away from fuel-powered vehicles.
BMW Group makes cars that can accelerate to 100 kph in 3.4 seconds, but as Brexit approaches the German automaker is working on something far more mundane: teaching suppliers to fill out customs forms.
JLR CEO Ralf Speth has warned Theresa May's government that a "bad Brexit" deal would jeopardize as much as 80 billion pounds ($106 billion) in investments over the next five years and could force the automaker to leave the UK.
Lotus has hired a top Aston Martin executive as its commercial director -- a new job for the UK sports car maker -- as it prepares for increased growth under the ownership of China's Geely Holding Group.