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
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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
British motorists are poised to receive automatic compensation payments following the Financial Conduct Authority’s (FCA) announcement of a comprehensive redress scheme addressing the motor finance mis-selling scandal. The regulatory body
Share prices of international automotive manufacturers experienced a notable surge following President Trump’s indication that he might explore temporary exemptions to his recently imposed vehicle and parts tariffs. The president’s
Volkswagen has reported a staggering 40 per cent drop in profits for the first quarter of the year, significantly missing market expectations. The decline follows the decision to set aside
Research indicates that more than one million cars sold in the UK each year are larger than typical urban parking spaces. This growing trend highlights a concerning mismatch between vehicle
Volkswagen has announced plans to introduce an import fee on vehicles shipped to the United States. This decision comes as a direct response to President Trump’s 25 per cent tariffs
Tesla has reported a dramatic decline in vehicle sales during the first quarter, reaching their lowest point in nearly three years. Sales figures reveal a decline of 13%, dropping to
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
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
