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Automotive
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…
Where is my £10,500 refund if Tesla’s driving distance fell short?
I bought a Tesla Model 3 in June for £42,791. The advert stated that the car had a 318-mile range, but when I charged the battery fully the car's display said only 248 miles. Tesla was able to find out the reason why the advertised range of…
Volkswagen fined £5.4m after mistreating vulnerable clients
Volkswagen's motor finance division has been fined £5.4m by the City regulator, and will pay more than £21.5m in compensation. This is for its "serious failures" in treating customers in distress.
The Financial Conduct Authority…
Vauxhall to decide on UK plant future ‘in the next few weeks’
Owners of Vauxhall Citroen Peugeot have said that a decision on the future of their UK plants will be taken "in the coming weeks" amid a dispute over government electric car quotas. Carlos Tavares has announced that Stellantis is close to…
European automakers are planning dozens of models at lower prices to survive the ‘EV…
The European automakers plan to launch dozens of electric models at affordable prices next year, as they prepare for a "EV Winter" fueled by the tougher EU carbon emissions targets and fierce competition coming from China.
The big…
Tesla’s quarterly deliveries miss expectations despite 6% rise
Tesla's quarterly deliveries of vehicles fell short of expectations and dampened hopes of a robust recovery on the backs of a rebound in Chinese auto demand. In the three-month period ending September, the company sold 462,890 cars…
Sweden is worried about the future of Northvolt, a battery manufacturer.
Stefan Lofven visited Northvolt’s base in Skelleftea, near the Arctic Circle, Europe’s first battery gigafactory, just three years ago. He declared that the city was "the future" of the fight against climate change. The Social Democrat said…