Tesla intends to raise about $1.5bn in a bond offering to ramp up production of the Model 3. It has received an average of 1,800 advance reservations per day for the Model 3, since the car’s launch in late July. The Model 3 is intended to be the company’s first mass-market electric car, with a [...]

Toyota has announced it will take a five per cent share of Japanese rival Mazda. According to Reuters, the pair will then work together to build a new $1.6bn plant in America while also developing electric vehicles. The plant, due to be operational in 2021, will be able to produce 300,000 vehicles a year, with [...]

GROUPAUTO Polska (GAP) and Alliance Automotive Group (AAG) are pleased to announce that AAG has entered into an agreement to acquire a 51.3% controlling shareholding in GAP. The agreement is subject to the approval of the Polish Competition Authority. It is expected that this approval will be received within the next two months. Jean-Jacques Lafont, [...]

Fix Auto UK has appointed Steve Thompson of Industry Insights as a non-executive director with immediate effect. Reporting directly to Ian Pugh, Steve joins with extensive experience in strategic development of businesses within the automotive repair and mechanical markets. Commenting on making the appointment, Ian said, ‘With a proven track record at director level for [...]

In its 40th anniversary year East Midlands based Renault trucks dealer, RH Commercial Vehicles, has secured a top spot as one of the top performing business in the East Midlands. RHCV (through its holding company RH Developments) was listed as number two in the study of financial performance across the whole of the region. Since [...]