Honda and Sony have announced the abrupt cancellation of their plans to produce a £70000 electric vehicle, a decision that marks a significant shift in the automotive landscape. The electric
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The Toyota factory in Burnaston, situated near Derby, has established itself as a significant manufacturing site, producing over five million cars over nearly 35 years. Recently, however, this facility has
Shell has joined numerous other stakeholders in urging the Government to implement more incentives for electric vehicle (EV) purchases. This initiative is seen as crucial for bolstering the electric automotive
Bentley Motors has announced significant job cuts, shedding hundreds of positions from its workforce of 4,000. This decision comes after a marked decline in profits, attributed to several factors, including
Volkswagen has commenced mass production of its first model developed in collaboration with the Chinese electric vehicle manufacturer Xpeng. The German automotive giant is focusing on a resurgence in the
Car manufacturers are wary of an impending rush towards electric vehicles as the conflict in the Middle East leads to a significant increase in petrol prices. This development may deter
New car registrations in February reached their highest level in over two decades, totalling more than 90,000 vehicles. This figure is the largest for the month of February since 2004.
Ministers are currently engaged in urgent discussions with car manufacturers following a stark warning from Nissan, the owner of Britain’s largest vehicle manufacturing plant in Sunderland. The Japanese automotive giant
Vauxhall Resumes Diesel Sales Amid £19bn Write Down from Shift to Electric Vehicles Vauxhall has announced the resumption of diesel car sales in the UK, a move that follows a
Global automotive dynamics are undergoing a profound transformation as Ford has been surpassed in sales by Chinese car manufacturer BYD for the first time. This shift marks a significant chapter
Stellantis NV shares plummeted 25% at the opening bell on Friday following the disclosure of a €22.2 billion impairment charge related to the abandonment of multiple electric vehicle programmes and
The European automotive manufacturer Stellantis, which includes brands such as Vauxhall, Citroën, and Fiat, has announced a significant adjustment in its strategy regarding electric vehicles. The company reported anticipated future
The electric vehicle targets set by the UK government are causing significant concern within the automotive industry. Industry leaders are warning of the potential disruption these mandates could cause, possibly
The UK’s largest car manufacturer, Jaguar Land Rover, has reported a staggering underlying pre-tax loss of £310 million for the third quarter ending December. The financial difficulties have been exacerbated
The electric vehicle market is experiencing a significant decline in market share as manufacturers express concerns over proposed taxation policies. The Labour Party’s plan to implement a pay-per-mile tax is
NextSource Materials has announced the execution of a non-binding letter of intent with a prominent Japanese anode material producer to negotiate long-term supply agreements for electric vehicle battery materials. The
