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Automotive

The year in North East business 2023: the region's 10 best companies
North East
In the latest of our series of articles to round up the year, The Journal's business team selects the 10 companies that have had the best of the last 12 months
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Vertu lines up first Ducati dealership in North East, creating nine jobs
Retail & High Street
The listed retail group will use its Vertu Motorcycles arm to launch the Boldon site
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Supercar brake firm Surface Transforms plans to create 70 jobs with multi-million pound investment
Automotive
Surface Transforms is one of only two companies of its kind in the world.
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New occupiers sought for promised TVR sports car factory site in South Wales
Welsh Government
TVR had promised to create 200 jobs once production at the factory started.
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Car dealer Vertu issues profit warning as used car values slump
Automotive
The Gateshead-based firm had previously issued bullish results about its growing revenues
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Robotics company Yaskawa to base UK headquarters at new Sunderland plant
Deals
The company is set to move into a 35,000sqft facility at Hillthorn Park next year
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County Durham's Redde Northgate hails strong momentum as half-year revenues top £911m
Automotive
The Darlington group said it is enjoying strong demand as well as platform momentum and a healthy pipeline
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Efforts to complete the sale of Britishvolt extended by administrators
Automotive
EY have warned it may look for an alternative buyer if the current deal with preferred bidders Recharge Industries can't be completed
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North East Automotive Alliance secures share of £5m to support Sunderland SMEs
Automotive
The cluster will deliver a programme targeting 50 business on Wearside
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North East must punch its weight on battery funding, top industry voice says
Automotive
A newly launched UK Battery Strategy sets out ambitions to make the country globally competitive
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Battery firm AESC hoping to be Nissan's partner for third Sunderland gigafactory
Automotive
The company has supplied Nissan with batteries for the last 10 years and is currently constructing a second gigafactory
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Weardale Lithium consults on Stanhope plans for test facility
Engineering
The start-up wants to extract lithium from underground waters in County Durham
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Nissan to produce new electric vehicles at its Sunderland plant
European Union
Production of all-electric Qashqai and Juke models will safeguard thousands of jobs
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Nissan poised to announce new North East electric model production, reports claim
Automotive
The company has previously recruited in preparation for new versions of the Juke and the new electrified version of the Qashqai
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Darlington's Redde Northgate in talks with Halfords over £1.3bn merger, reports claim
Automotive
It is understood the commercial vehicle hire company has proposed a nil-premium merger with Halfords
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Vertu Motors has Companies House records 'amended by malicious actor'
Automotive
The Gateshead company said it has obtained an injunction after first announcing that its records had been falsely amended
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Parent company of Britishvolt suitor faces being struck off Companies House
Climate Agenda
Scale Facilitation has received a notice that, without action, could see it forcibly wound up
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F1 parts supplier motors ahead with £3.25m funding
Automotive
K.S. Composites is also a key supplier to supercar manufacturers and to luxury hotels and super yachts
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Vertu acquires further four showrooms in South West in £6.2m deal
Deals
The expanding group's latest purchase means Vertu now operates 17 Honda outlets in the UK
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Jaguar Land Rover supplier Visteon moves to Warwick 
Automotive
American electronics specialist aims to build on strong partnership with JLR
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Motorpoint Derby car showroom closed due to Storm Babet
Retail
Group’s Derby store on the eastern side of the city was affected when the River Derwent burst its banks
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Pendragon shareholders back £397m US Lithia Motors deal
Deals
Almost 98% of shareholders back plan to sell Evans Halshaw and Stratstone dealerships and CarStore business
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Kia to open 40,000 sq ft Derby training centre
Automotive
It will be used to prepare its next generation of car dealers and workers in its service centres and workshops
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Hopes of buyer emerging for stricken Volta Trucks expressed by administrator and Hull supplier
Insolvency and Administration
Swedish electric vehicle start-up filed for bankruptcy earlier this week putting the brakes on huge growth plans for city success story Paneltex where 47 jobs could be at risk
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