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Stock take: Will the markets continue to back start-ups like Rivian?

Stock take: Will the markets continue to back start-ups like Rivian?

Tesla, however, has a long way to go before it will match the physical size of ‘legacy’ car makers. For example, in the third quarter this year, it delivered 627,572 vehicles and generated $31.3bn (£23.6bn) of revenue. Meanwhile, Ford delivered 2.84 million vehicles and brought in $91bn (£68.7bn). Tesla scored profits of $1.62bn (£1.2bn), which …

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Albert Biermann retires, will continue to advise Hyundai

Albert Biermann retires, will continue to advise Hyundai

Albert Biermann, the renowned engineer acclaimed for revolutionising driving dynamics of Hyundai, Kia and Genesis models, has announced his retirement after more than 30 years in the motor industry. Biermann, who joined Hyundai in 2014, oversaw the firm’s rear-driven models including the Kia Stinger and Genesis G70. He was also pivotal in launching the Hyundai N …

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Report: Herbert Diess to continue as Volkswagen Group CEO

Report: Herbert Diess to continue as Volkswagen Group CEO

The chairman of the Volkswagen Group board, Herbert Diess, will reportedly continue to serve in that position, following lengthy internal discussions over his future at the company. According to Reuters (via Automotive News), citing a source close to negotiations, a dispute between Diess and labour unions representing Volkswagen Group workers has been resolved, securing his position as …

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