By contrast, U.K. billionaire Sir Jim Ratcliffe’s idea to start a car company called Ineos Automotive Ltd. to make a gas-powered SUV – called the Ineos Grenadier – is almost quaint.

“For all it owes to the Defender and G-Wagen, the Ineos Grenadier has lots of character of its own” You know those SUVs, with smoothly chamfered exteriors and mood-lit interiors, and perhaps ...

This is worrying for Ineos's bottom line. Especially as nearly new cars are appearing on the secondhand market for around £50,000 – that’s a lot of depreciation to deal with in a matter of ...