The Volkswagen Group is opening its Modular Electric Toolkit (MEB) to other manufacturers. The purpose is to achieve a significant reduction in the cost of e-mobility through the widest possible deployment of the MEB and the associated economies of scale. The Volkswagen Group is currently projecting a first wave of some 15 million pure electric [...]

Investindustrial has announced the acquisition of a majority stake in Morgan Motor Company Ltd. The transaction is expected to complete in April 2019. The Morgan family will continue to act as stewards for the brand and retains a minority shareholding. Meanwhile, for the first time in its history, the management team and all employees will [...]

Honda has announced it is accelerating its shift to electric vehicles. In 2017 it said its aim was for electric vehicles to contribute two thirds of global sales by 2025. Honda has now announced it will move 100% of its European sales to electrified powertrains by 2025. Tom Gardner, senior vice president, Honda Motor Europe, [...]

Carlos Ghosn has been granted bail by a Tokyo court. The architect of the Nissan, Mistubishi and Renault alliance has been charged with financial misconduct, but could be released today after two previous requests for bail were denied. The courts set bail at £6.8m. The 64-year-old has been in custody since his arrest last November [...]

Briggs Automotive Company (BAC) has launched BAC New York at the Manhattan Motorcars dealership. Manhattan Motorcars deals with only the most sought-after luxury brands in the world, including Rolls-Royce, Bentley, Bugatti, Lamborghini, Koenigsegg, Porsche, Rimac and Lotus. BAC is the maker of Mono – the world’s only single-seater, road-legal supercar. The Liverpool-based company already has [...]