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UK electric motor maker YASA expands production 50-fold for EVs

LONDON — British electric motor manufacturer YASA said on Thursday it was increasing its production capacity from 2,000 to 100,000 units with a new factory to tap into growing demand from carmakers for greener technologies. Automakers are racing to build greener vehicles and improve charge times in a bid to meet rising customer demand and air quality targets but Britain lacks sufficient manufacturing capacity, an area the government is building up. Last year, the government picked a site in central England to house a new automotive battery development facility, which will develop the processes required to manufacture the latest battery advancements. On Thursday, YASA, based near the English city of Oxford, said it had raised another 15 million pounds ($21 million) as part of its expansion. "Our customers are looking to adopt innovative new technologies such as YASA's axial-flux electric motors and controllers in order to meet the needs of the rapidly expanding hybrid and pure electric automotive market," said Chief Executive Chris Harris. The firm exports 80 percent of production and has worked with companies including Britain's two biggest carmakers Jaguar Land Rover and Nissan as well as Aston Martin. JLR will decide this year whether to build electric cars in its home market, previously citing factors such as pilot testing and support from science and government as pre-requisites. Reporting by Costas PitasRelated Video:

Aston Martin confirms Mercedes-AMG boss Moers to replace CEO Palmer

Aston Martin confirmed on Tuesday that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer, who stepped down on Monday. The Financial Times newspaper reported over the weekend that Palmer would step down, before he had been informed. A source familiar with the situation had also confirmed to Reuters the planned move. "The board has determined that now is the time for new leadership to deliver our plans," Lawrence Stroll, Aston Martin Lagonda's Executive Chairman said. The company said Moers, who will be based at its headquarters in Warwickshire, had built a reputation for transforming businesses in tough environments during his 25 years in senior roles at Daimler. Germany's Daimler AG owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines. "Under Tobias’ leadership, Mercedes-AMG has more than doubled its product portfolio and quadrupled the number of AMG units sold, with a clear pipeline of further expansion opportunities, especially in electrification of powertrains in the performance segment," Aston Martin said in a statement. "TobiasÂ’ focus on operating and manufacturing efficiency has delivered significant margin expansion. This strong financial performance was supported by the introduction of a clear brand management strategy, which delivered a measurable increase in brand value and awareness." Aston Martin has seen its share price plummet since floating in October 2018. The 107-year old British luxury carmaker earlier this month posted a deep first-quarter loss after sales dropped by almost a third due to the impact of the novel coronavirus outbreak. "All of my and TobiasÂ’ energy will be dedicated to building on the CompanyÂ’s inherent strengths, its brand, its engineering prowess, and the skills of its people to enable Aston Martin to become one of the pre-eminent luxury car brands in the world," Stroll said. Related video:

Aston Martin DB5s from 'No Time to Die' sampled by Carfection

The excellent Henry Catchpole might have just made the most persuasive argument for restomods using one of the world's and pop culture's most celebrated classics. The Carfection host spent a day at Silverstone with no less than four takes on the Aston Martin DB5 — one of them the showstopping original in gleaming Silver Birch with the license plate BMT 216A, three of them stunt cars used in the next James Bond installment "No Time to Die." Catchpole starts off in the stock vintage two-door, its 4.0-liter straight-six sending about 282 horsepower and 287 pound-feet of torque to the live rear axle to move about 3,300 pounds. It's a thrill to run through apexes, but perhaps more for its pedigree than its prowess; at one point, Catchpole wonders, "How on earth he did some of those car chases with seats like this, I've got no idea." Of course, Bond only had to outrun a couple of even older Mercedes sedans in "Goldfinger." The host then slides into the shotgun seat of one of the ringers, with one-time Subaru-driving rally ace Mark Higgins behind the wheel. Higgins has been a stunt driver in four Bond films now, starting his tenure in a Land Rover Defender in "Quantum of Solace," working his way up to drifting the one-off Aston Martin DB10 at around 90 miles per hour through St. Peter's Square in The Vatican. Higgins explains a bit of what went into the DB5-looking stunt cars built for "No Time to Die," one of them built on a ladder frame chassis dressed in carbon fiber body panels, powered by a modern straight-six engine, suspended with Ohlins dampers. The directive was to get repeatability in tricky environments, and hey, more power and less weight is never a bad thing, either.  When Catchpole takes the track again behind the wheel of the stunt car, you'll want to turn on the closed captions. Even if you don't, Catchpole's barely audible exclamations and facial expressions make it clear which car he'd rather take home, and which he'd leave for the "misogynist alcoholic womanizer of a secret spy with really pretty unresolved violence issues." If all goes well, we'll see both in action — plus two more — when "No Time to Die" hits theaters in November. Related Video: