Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Bentley, the British luxury automaker, revealed on Wednesday, Jan. 26, that it will start to make its very first electric car in 2025. The company said it is planning to shift to fully electric vehicles, and the goal is to make this happen by 2030.
As per Reuters, Bentley, a subsidiary of the Volkswagen Group, also pledged to invest £2.5 billion or around $3.4 billion in sustainability all through the next decade. The company further said it would upgrade and modernize its UK manufacturing plant located in Crewe, Cheshire, England, where it is planning to build its new electric car.
Then again, the automaker did not share any other details with regards to what type of electric vehicle it is producing. Bentley is the latest luxury carmaker to unveil its plans to electrify its vehicle unit lineup. The move also comes as more and more countries are releasing guidelines on banning fuel-powered cars to help protect the environment.
In any case, Bentley’s $3.4 billion investment will include funding for research and development for EVs. CNBC reported that some of the funds will also be allotted for the modification of Bentley Motor’s historic manufacturing center. It was added that the Crewe HQ and plant is the company’s only assembly facility in the world.
“Simultaneously accelerating our Beyond100 strategy and securing BEV production at Crewe, alongside a £2.5 billion investment, makes this a major landmark in Bentley’s 102-year history,” Bentley Motors’ chief executive officer and chairman, Adrian Hallmark, said in a press release. “It is a shining light for the Bentley family, our suppliers and partners, as well as the automotive industry and UK manufacturing as a whole.”
The CEO added, “This latest announcement regarding Bentley’s Beyond100 plan confirms the initiation of a major transformative phase in the company’s long and illustrious history. The world is changing and we need to play our part in neutralizing our environmental impact.”
Finally, Bentley Motors’ electrification target is part of its “Beyond100” business transformation plan. It is aiming to build a new EV model each year starting from 2025. All the cars will be designed and developed in Crewe that is set to become a “Dream Factory” with zero environmental impact, flexible, and advanced facilities.
