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
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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
The introduction of a new artificial intelligence tool designed to assist lawyers in drafting briefings and reviewing contracts has generated significant buzz within the software industry. This development places traditional
China has taken a significant regulatory step by banning hidden electric car door handles. This feature, which gained popularity through Tesla’s Model S launched in 2012, has been linked to
Renault has experienced a significant resurgence in its market share in the UK, achieving its largest presence in generations. The introduction of the Renault 5 E-Tech, an all-electric vehicle, marks
Car dealerships in the UK are currently offering significant discounts on electric vehicles, reflecting pressure caused by an accelerated transition to zero-emission cars. Recent analysis indicates that the average discount
The evolution of the automotive industry is creating significant shifts in the job market, particularly within the realm of traditional driving roles. A recent report highlights that approximately one million
Tesla has announced a substantial increase in capital expenditure for the year, exceeding £20 billion. This financial commitment aligns with the company’s strategy to enhance production capabilities for humanoid robots
Jaguar Land Rover, a prominent British car manufacturer, is currently exploring plans to develop a new petrol-powered engine. This decision comes in response to significant criticism following a controversial rebranding
Jaguar is reportedly assessing the development of a part-petrol vehicle, signalling a significant shift from its ambitious plans for an all-electric lineup. This reconsideration comes in response to customer concerns
Electric car drivers may seek ways to evade Rachel Reeves’s proposed pay-per-mile tax. Recent figures suggest that numerous motorists have already manipulated their mileage readings. The Labour Party’s fiscal strategy
An ambitious initiative is underway as the Labour party readies itself to inject tens of millions of pounds into a pioneering self-driving car firm based in Oxford. This financial commitment
