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Automotive
Nissan Share Price Plummets Amid Honda Merger Speculation Raises Market Concerns
Japanese automotive giant Nissan experienced its most significant share price decline since August's market downturn, as investors scrutinised the implications of its proposed merger with domestic competitors Honda and Mitsubishi. The…
Chinese Electric Vehicle Sales Set To Surpass Traditional Cars In Historic Market Shift
Electric vehicles (EVs) are poised to outsell traditional internal combustion engine vehicles in China next year, marking a transformative moment in the global automotive industry. Market projections indicate Chinese EV sales, encompassing…
Mitsubishi Electric Takes Strategic Stake in Eye Tracking Technology Pioneer Seeing Machines
In a significant move that reshapes the landscape of driver monitoring technology, Seeing Machines has secured £26 million in funding through a strategic partnership with Mitsubishi Electric Mobility, resulting in the Japanese industrial…
Chinese Electric Vehicle Manufacturing in UK Gets Backing from Former Chancellor Hammond During…
In a significant shift towards pragmatic UK-China relations, former Conservative Chancellor Philip Hammond has advocated for Chinese electric vehicle manufacturing on British soil. The endorsement comes as current Chancellor Rachel Reeves…
Honda and Nissan Consider UK Manufacturing Partnership Set to Revitalise British Car Industry
Japanese automotive giants Honda and Nissan are in advanced discussions regarding a potential manufacturing partnership that could see Honda return to British soil, utilising Nissan's Sunderland facility. This strategic alliance represents…
Car Finance Complaints Process Extended to Include Vehicle Leasing Deals Until 2025
Britain's financial watchdog has broadened the scope of motor finance complaints to encompass vehicle leasing arrangements, whilst extending the deadline for lenders to respond to claims until December 2025. This significant development…
Lamborghini Delays Electric Supercar Launch Until 2029 as Luxury Market Hesitates
Italian luxury carmaker Lamborghini has announced a delay in launching its first all-electric model until 2029, citing the luxury automotive sector's unreadiness for full electrification. The VW-owned manufacturer, celebrating its 60th…
Japanese Auto Giants Nissan and Honda Enter Historic Merger Talks Creating 52 Billion Powerhouse
Nissan and Honda have initiated exploratory discussions regarding a potential merger that would establish a £52 billion Japanese automotive powerhouse, according to sources close to the negotiations. The proposed combination emerges as…
UK Government Set to Revise Electric Vehicle Mandate amid Industry Pressure and Sluggish Sales
The United Kingdom's government is preparing to modify its electric vehicle (EV) regulations as sales struggle to meet expectations. Business Secretary Jonathan Reynolds is launching a swift consultation next week to address growing…
General Motors Pulls the Brakes on Cruise Robotaxi Programme Amid Financial Strains
In a significant strategic shift, General Motors (GM) has announced the termination of its autonomous vehicle venture, Cruise, marking a notable retreat from the robotaxi sector. The decision comes after substantial financial investments…
General Motors Takes $5 Billion Dollar Hit as China Operations Face Local Competition Pressure
American automotive giant General Motors has announced a substantial $5 billion charge against its Chinese operations, highlighting the mounting challenges Western car manufacturers face in the world's second-largest economy. The…
Stellantis Chief Executive Carlos Tavares Steps Down Amid Profit Slump
The automotive industry was jolted yesterday as Carlos Tavares, chief executive of Stellantis, abruptly resigned following a significant decline in the carmaker's financial performance. The world's fourth-largest automotive manufacturer,…
Aston Martin Share Price Tumbles as Emergency Fundraising and Profit Warning Shake Investor…
Luxury car manufacturer Aston Martin Lagonda witnessed its shares plummet to a two-year low following an emergency fundraising announcement and its second profit warning within two months. The Midlands-based company revealed plans to raise…
Ford to Axe 800 UK Jobs in Latest European Restructuring Drive
Ford Motor Company has announced plans to cut 800 jobs across its UK operations, representing 15 per cent of its remaining 5,100-strong British workforce. The move comes merely 18 months after the American automotive giant reduced its UK…
Car Finance Scandal Could Lead To Billions In Consumer Claims As FCA Issues Warning
Britain's car finance industry faces unprecedented turmoil following a landmark Court of Appeal ruling that could trigger massive compensation payouts to consumers. The Financial Conduct Authority's chief executive, Nikhil Rathi, has…
UK Government Stands Firm on Electric Vehicle Sales Mandate Despite Industry Pressure
The British government appears poised to reject appeals from electric vehicle manufacturers seeking relief from hefty fines linked to missed sales targets through 2026. This stance comes amid warnings from the automotive sector about…
Car Finance Scandal Could Cost British Lenders £30 Billion Pounds in Compensation
British lenders might face a staggering £30 billion compensation bill due to the mounting car finance mis-selling scandal, according to leading credit ratings agency Moody's. The estimate represents the highest projection to date,…
Tesla Share Price Surges as Trump Administration Signals Federal Self Driving Car Framework|
Tesla's share value experienced a significant uptick of over 7 per cent during morning trading on Wall Street, following reports that Donald Trump's transition team is contemplating a relaxation of self-driving vehicle regulations.
The…