Mahindra makes its voice heard in Milnerton
SCW Group’s multi-franchise set-up in Milnerton in the Western Cape now also boasts a brand-new Mahindra dealership.
- Dealer News
- 11 December 2025
On the eve of its foray into the electrical vehicle (EV) market, Aston Martin has opted for US start-up Lucid Group for assistance with battery technology.
Reuters reported that on 26 June, Aston Martin announced that the company had reached a deal that will give US EV maker, Lucid Group, a 3.7% stake in the company in return for access to its "high performance" technology.
Subject to shareholder approval, Aston Martin will issue about 28.4 million new ordinary shares to Lucid Group. It will also make phased cash payments to Lucid totalling about $232 million.
The high costs of migrating to EVs have forced many smaller carmakers such as Aston Martin to become more reliant on partnerships to make the transition.
Aston Martin plans its first EV in 2025 and until now had leant on Mercedes as its “big brother” to provide the technology it needs.
In a separate announcement on the same day, Aston Martin said it had amended an agreement with Mercedes-Benz meaning the German carmaker would not increase its stake as planned but will maintain around 9% in Aston Martin and continue to provide it with access to engine and EV technology.
The agreement with Lucid, meanwhile, will give "access to Lucid's industry-leading technology for its (battery electric vehicles) BEVs, including electric powertrains and battery systems".
Lucid and Aston Martin have a common shareholder in Saudi Arabia's Public Investment Fund (PIF). The Saudi wealth fund became Aston Martin's second-largest shareholder last year.
PIF is also Lucid's main shareholder.
SCW Group’s multi-franchise set-up in Milnerton in the Western Cape now also boasts a brand-new Mahindra dealership.
The South African Guild of Mobility Journalists (SAGMJ) has announced the long-awaited semi-finalists for the 40th edition of the prestigious 2026 Car of the Year (COTY) competition, held annually since 1986.
According to a Reuters report, Ford and Renault have agreed to work together on a new generation of compact, lower-priced electric cars for Europe, while also expanding cooperation on commercial vans, as both manufacturers seek to defend their market positions against increasingly aggressive Chinese rivals.
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Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?
George Carlin
According to a Reuters report, Ford and Renault have agreed to work together on a new generation of compact, lower-priced electric cars for Europe, while also expanding cooperation on commercial vans, as both manufacturers seek to defend their market positions against increasingly aggressive Chinese rivals.
As South Africa forges ahead in the automotive landscape, a notable divide has emerged in the growing realm of new-energy vehicles.
Kenya’s automotive industry recently made headlines when Tad Motors unveiled its first range of locally assembled electric vehicles (EVs), igniting discussions across Africa about the continent’s growing capacity for indigenous mobility solutions.