Tesla is facing mounting challenges in the European automotive market, with sales plummeting sharply as competition from Chinese manufacturers intensifies. The American electric vehicle giant, headed by Elon Musk, saw
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Lotus announced plans to eliminate up to 550 jobs in the United Kingdom, representing 40 per cent of its domestic workforce, as the iconic sports car manufacturer confronts falling sales
Porsche has announced it will abandon its ambition to produce its own electric vehicle batteries, citing a sudden fall in demand among drivers. The German marque is set to wind
The European automotive industry is approaching a point of crisis according to Ola Källenius, chief executive of MercedesBenz and current president of the European Automobile Manufacturers Association The combination of
Elon Musk’s Tesla is on the brink of a significant move into the UK energy sector. The renowned US electric car manufacturer has officially applied to the Great Britain energy
Honda, Japan’s second-largest automaker, has reported a dramatic 50 percent slump in its quarterly profits, citing the ongoing impact of Donald Trump’s vehicle tariffs and challenging conditions in the electric
Tesla’s performance in the British market has suffered a dramatic setback, with new car registrations in July falling by 60 per cent compared to the previous year. Data from the
A consortium led by Apollo Hybrid Value, the investment arm of US giant Apollo, has acquired a £500 million minority stake in Motor Fuel Group (MFG), the United Kingdom’s largest
The automobile industry faces mounting challenges as confusion surrounding the electric car grant scheme potentially threatens manufacturers’ ability to meet the government’s electric vehicle mandate requirements this year. Mike Hawes,
Tesla’s share price dropped 4% in after-hours trading as Chief Executive Elon Musk cautioned investors about potential “rough quarters” ahead. The electric vehicle manufacturer reported its most significant quarterly revenue
General Motors has reported a significant decline in earnings, with its profits falling by a third due to a hefty £1.1 billion impact from tariffs. The carmaker’s core profit for
The UK government has once again postponed a decision on permanent legislation for e-scooter rentals, granting an extension to the national trial period until May 2028. Operators such as Voi
Jaguar Land Rover (JLR) has announced plans to cut 500 management positions following a 15 per cent drop in retail sales during the first quarter of the year. This move
Britain’s largest independent petrol station operator, Motor Fuel Group (MFG), has announced ambitious plans to expand its ultrarapid electric vehicle (EV) charging network. The company aims to install charging hubs
Shares in Tesla experienced a sharp decline following Elon Musk’s announcement of his new political venture, the America Party. The move has intensified tensions between the tech entrepreneur and President
Tesla’s latest quarterly report reveals a substantial decline in vehicle deliveries, marking what could become its second consecutive annual sales decline. The electric vehicle manufacturer delivered 384,122 vehicles in the
