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Automotive
Britain Prepares to Ease Electric Vehicle Sales Rules as Industry Faces Crisis
The UK government is poised to modify regulations governing the electric vehicle (EV) market amid mounting pressure from manufacturers claiming current sales quotas are pushing the industry towards a breaking point. Transport Secretary…
Troubled Swedish Battery Manufacturer Northvolt Faces Potential Collapse as Bankruptcy Looms
Swedish battery manufacturer Northvolt stands at a critical juncture as the company contemplates filing for Chapter 11 protection or potentially entering bankruptcy proceedings. Sources close to the negotiations indicate the organisation's…
Continental Cuts Sales Forecast Again as European Tyre Demand Slumps
German automotive supplier Continental has reduced its sales guidance for the second time this year, citing weakening tyre demand across Europe and North America. The Hanover-based manufacturer now projects sales between €39.5 billion and…
BMW Sets Aside £70 Million Pounds for Car Finance Commission Claims
The British car loans division of BMW has been compelled to allocate more than £70 million to address potential customer compensation related to the mounting motor finance commission scandal. This provision from the German automotive giant…
Rolls-Royce Maintains Optimistic Outlook Despite Ongoing Supply Chain Woes
Rolls-Royce, the iconic British aerospace and defense company, has reaffirmed its profit guidance for 2024 despite persistent supply chain challenges plaguing the industry. This show of confidence comes as the company continues to benefit…
Nissan Slashes 9,000 Jobs in Drastic Turnaround Effort
Nissan Motor Co. has announced a dramatic restructuring plan that includes cutting 9,000 jobs globally and slashing production capacity by 20% as the Japanese automaker struggles with declining sales and profitability. The drastic measures…
German Car Industry Shares Plummet as Trump Victory Sparks Tariff Fears
German automotive manufacturers witnessed a significant market downturn today as Donald Trump's presidential victory fuelled concerns over potential steep tariffs on European vehicles. Share prices for major German automakers experienced…
BMW Reports Dramatic 80 Percent Profit Plunge as Chinese Market Falters
German automotive giant BMW has witnessed a staggering 79.4 per cent decline in third-quarter profits, primarily driven by challenges in its braking systems and a significant downturn in Chinese consumer demand. The manufacturer's profit…
Global Auto Giants Face Profit Squeeze as Chinese Market Competition Intensifies
Leading international automakers Toyota, Honda and BMW have reported significant drops in quarterly profits, primarily due to mounting challenges in the Chinese market. The world's largest automotive market has become increasingly…
Rolls-Royce Share Prediction: What’s in Store for 2025?
2024 has been an extraordinary year for Rolls-Royce (LSE:RR.) shareholders. The engineering giant has seen its market capitalization skyrocket, with the share price surging more than 80% since the beginning of the year. This impressive…
Car Finance Industry Faces £13 Billion Pound Crisis as Landmark Court Case Exposes Hidden…
A groundbreaking court ruling involving a £1,651 commission on a Suzuki Swift could trigger a devastating £13 billion compensation crisis for the car finance industry. Marcus Johnson, a 34-year-old factory supervisor from Cwmbran,…
Volkswagens Future Hangs in Balance as German Giant Faces Reform Crisis
Europe's largest automaker, Volkswagen, finds itself embroiled in an unprecedented crisis as it grapples with mounting pressure from workers, politicians, and market forces. The company's struggle to navigate the electric vehicle transition…
Land Rover and Range Rover Report Surge in Hybrid Sales Amid Electric Vehicle Market Uncertainty
The automotive industry is witnessing a significant shift in consumer behaviour as JLR, the West Midlands-based Indian-owned manufacturer, reports a remarkable 29 per cent increase in plug-in hybrid vehicle sales during the first half of…
Aston Martin Burns Through 1 Million Pounds Daily as Production Targets Fall Short
British luxury automaker Aston Martin Lagonda continues to face significant operational challenges, with the company reporting persistent losses and declining performance across key metrics. The iconic manufacturer is currently consuming…
Car Finance Industry Grinds to Halt as Court Ruling Sparks Crisis
Major car finance companies have suspended lending operations following a groundbreaking Appeal Court ruling, throwing Britain's automotive sector into disarray. The judgement, which found lenders liable for undisclosed commissions, has…
UK Banks Hold Emergency Talks With Treasury Over Car Finance Ruling Fallout
Leading financial institutions have engaged in urgent discussions with the UK Treasury amid growing concerns about potential upheaval in the consumer credit sector following a groundbreaking court ruling on car finance commissions.
The…
Volkswagen Seeks Restructuring as Profit Plummets in China Sales Decline
Volkswagen AG, Europe's largest automaker, has found itself in a precarious position following a 64 per cent decrease in quarterly net profit, primarily due to a significant downturn in sales within the Chinese market. The financial strain…
Tesla shares rise 12% on the back of its upbeat earnings forecast and positive outlook
Tesla shares soared Wednesday after the company reported a higher-than-expected quarterly profit. The company also forecasted "slight" growth in deliveries in 2019 and a large jump in 2025.
This performance is a significant turnaround…