Lawrence Stroll the billionaire executive chairman of Aston Martin Lagonda has successfully overseen a fundraising effort to support the beleaguered British sports car manufacturer. The company has attracted £125 million
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Sir Jim Ratcliffe’s Ineos Automotive could find itself in dire straits due to the proposed rise in US tariffs on the automotive sector. The chief executive, Lynn Calder, has expressed
The UK car industry is bracing for potential ramifications as President Trump’s administration prepares to impose a 25 percent tariff on car imports. The new levies, set to take effect
Tesla is set to launch its operations in Saudi Arabia next month, marking a notable shift in the relationship between the electric vehicle manufacturer and the kingdom. This development represents
Tesla, the renowned electric vehicle (EV) manufacturer, is experiencing a significant decline in sales across Europe, marking one of its biggest setbacks in recent years. The company’s sales dropped nearly
In 2011, Tesla’s CEO Elon Musk dismissed Chinese automaker BYD as an unlikely competitor in the electric vehicle (EV) market. At the time, Tesla was preparing the launch of its
Tesla has issued a recall for nearly all of its Cybertrucks sold in the United States after admitting that exterior panels on the futuristic vehicle have been falling off. The
The UK government has been urged to fulfil its commitment to the full £8.3 billion budget pledged to Great British Energy (GB Energy) amidst concerns about its ability to meet
Bentley, the prestigious British luxury carmaker owned by Germany’s Volkswagen, has announced plans to pass on the costs of potential US tariffs to its customers. This development comes as the
Elon Musk’s Tesla has been forced to suspend sales of its all-electric Cybertruck amidst growing scrutiny over build quality issues. Reports have surfaced from owners and enthusiasts about metal panels
Motability Operations, the company managing Britain’s largest vehicle leasing scheme for people with disabilities, is at a crossroads as the government prepares to slash disability benefit payouts. With 815,000 customers,
Volkswagen Group’s latest financial results reveal an unconventional yet intriguing highlight. Despite a challenging year that saw a significant 30.4% drop in profits after tax for 2024, the German automaker
Ford has announced plans to invest €4.4 billion into its electric vehicle (EV) manufacturing programme in Germany, an attempt to revitalise its struggling European operations. The US automotive giant, which
Sales of Tesla vehicles in the United Kingdom rose significantly last month, showcasing the enduring popularity of the electric carmaker despite ongoing controversies surrounding its CEO, Elon Musk. According to
European carmakers have been granted a two-year extension to meet emissions targets for 2025, according to the European Commission president, Ursula von der Leyen. The move, described as offering the
In a significant blow to Britain’s automotive sector, BMW has announced the suspension of its £600 million investment in the historic Mini manufacturing facility at Cowley, Oxford. The German automotive
