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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:

Unlatched Jaguar E-Type hood doesn't prevent blind overtakes at Goodwood

One of the things about Goodwood Revival that really sticks with you is that the classic racing cars are really driven hard there. It's never a slow parade around the track, but instead the vintage Ferraris and Jaguars really battle each other, metal against metal, lap after lap. The result is often scraped and bent sheetmetal, no matter how pricelessly valuable the vintage cars are. This clip, shared on the Goodwood Road & Racing YouTube channel, really shows the attitude that makes Goodwood what it is. Rob Huff, in a fixed-roof E-type, is chasing after Nigel Greensall in an E-type Roadster in the Kinrara Trophy race, and man, he really wants to get past. The problem is that every time the nose of Huff's Jaguar gently taps the rear quarter of the white Jaguar, the car's large hood wants to flip up and obscure the view, making overtaking even harder than it already is. Clearly Greensall doesn't want to let Huff ahead of him all that easily. We can only imagine how much work it takes to keep a classic Jaguar like that pointing in the right direction on a slightly wet track, let alone driving blind on a racecourse due to a massive clamshell hood in the way. At least we get a view of the XK six-cylinder engine. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Jaguar Land Rover won't get a bailout from the UK

Bailout talks between Jaguar Land Rover and Tata Steel with the UK government have ended, leaving both firms to rely on private financing to overcome the impact of coronavirus on business, the Financial Times reported on Friday. The report said that talks for an emergency funding fell through as Jaguar Land Rover (JLR) did not qualify for taxpayer support. It is the luxury car unit of India's Tata Motors and Tata Steel, both owned by Indian conglomerate Tata Group. The bailout plan, titled "Project Birch", had been authorized by Finance Minister Rishi Sunak in May to rescue companies that are seen as strategically important, with the Treasury saying it may step in to support crucial businesses on a "last resort" basis after other options run out. The report, citing a source familiar with the matter, said that the funding scheme became infeasible for Tata as it imposed strict conditions on any lending. "Tata Steel remains in ongoing and constructive talks with the UK Government on areas of potential support," Tata Steel said in an emailed statement. The UK Treasury said it would not comment on individual companies. Tata Motors did not immediately respond to request for comment. Related Video: Earnings/Financials Government/Legal Jaguar Land Rover