Back in August we said that Matt Windle had resigned as Lotus Europe CEO, but actually he was on a ‘leave of absence’. However, he has now officially announced that he has left Lotus after eight and a half years with the company. You can read more, including the challenges facing the sports car maker, by clicking this EVO article link here.
Volkswagen Group has announced their financial results for the first nine months of 2025 and they are bad. With a 58% drop in profits, described as “unsustainable” by the company, at €5.4 billion and a pre-tax profit margin of 2.3%. The usual reasons were given, Chinese market drop, tariffs and the slowdown in electrified transition with Porsche’s write-down also being mentioned. To fix this they will be ensuring their cost cutting measures really take effect. Click this Autocar article for more.
Mercedes-Benz’s third quarter profits fell by 30.8%, surprisingly this was better than analysts expected. The company said the results were in line with their adjusted projection, from earlier in the year. To find out more click this Yahoo!Finance article link here.
Polestar are running the risk of being de-listed from the Nasdaq stock market due to their share price falling below the accepted minimum requirement. Their share price is below one dollar and they have until 29 April to get it above the threshold or will be removed from the index. Click this Carscoops article link here for more.
Advanced Electric Machines, a UK based start up that is developing electric motors without using rare earths, has announced a partnership with a significant automotive supplier. If you wish to learn more, click this electrive article link here.
Located near Angervilliers, close to Paris, a stretch of motorway has been adapted to provide inductive charging to vehicles travelling along the road. The section is 1.5 kilometres long. For more on this, click this link here to read an electrive article.
The French Government has reopened their EV leasing scheme aimed at less well off households. In the space of four weeks it has reached over 41,500 applications and will be closed once it hits 50,000. To read more, click this electrive article link here.
The Department for Transport commissioned an investigation into the habits of UK electric vehicle drivers to find out what the reality is. The first of these reports has been published and it is illuminating. Also the tone and direction of the narrative around the...
