The Business Secretary Jonathan Reynolds has received assurances regarding the future of Lotus’s Norfolk manufacturing facility following crucial discussions with its Chinese proprietor over the weekend. The talks arose amid
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Leading automotive and cycling retailer Halfords has plunged into the red, reporting a statutory pre-tax loss of £30 million for the 52-week period ending 28 March. The significant downturn stems
In a remarkable turn of events, Skoda, once the subject of automotive ridicule, has surpassed Tesla in European electric vehicle sales. The Czech manufacturer, operating under the Volkswagen Group umbrella,
In a significant development for the UK automotive sector, Chinese manufacturer Chery Auto is evaluating plans to establish its second European manufacturing facility in Britain. The announcement comes as the
Jaguar Land Rover has downgraded its earnings forecast and cashflow expectations for the current financial year, citing global uncertainties and the looming threat of President Trump’s tariffs. The luxury automaker
Chinese carmaker BYD has officially unveiled its most affordable model, the Dolphin Surf, in the UK. Priced at £18,650, it stands among the lowest-priced new vehicles available in Britain. This
Ministers in the UK are poised to make critical decisions on which British car manufacturers will benefit from lower United States import tariffs. This follows negotiations between British and American
Motability, the UK scheme providing cars for disability benefit claimants, has come under fire amid allegations of mismanagement and over-generosity. With a growing customer base and increased public scrutiny, the
The government is reportedly considering changes to salary sacrifice schemes for pensions and benefits in kind, as pressure mounts to address the growing fiscal deficit. Recent surveys commissioned by HM
Aston Martin has raised concerns over the UK government’s failure to provide state backing for small-volume manufacturers, claiming this leaves the company at a distinct competitive disadvantage compared to its
Jaguar Land Rover (JLR) has recorded its highest profit levels in a decade, buoyed by preparations for a new wave of electric vehicle production. The Indian-owned automotive group, part of
The British luxury carmaker Bentley has reported a complete halt in its US sales as customers await clarity on lower tariffs promised under a recent UK-US trade deal. The deal
Nissan, the Japanese carmaker, is set to undergo major restructuring, announcing the closure of seven factories worldwide and a reduction of 20,000 jobs. The company faces a steep £3.4bn loss
Carmakers Renault and Stellantis have issued stark warnings over the future of their factories in Europe, citing the urgent need for EU regulatory reforms to support the production of smaller,
Aston Martin Lagonda has decided to scale back its exports to the United States as it keeps a close eye on the effects of American tariffs on luxury vehicle demand.
Tesla chief executive Elon Musk has announced plans to reduce his involvement in the Trump administration following a significant decline in the electric carmaker’s profits and sales, which analysts attribute