The iconic British shipbuilder Harland & Wolff, renowned for constructing the Titanic, is set to be rescued through a £70 million acquisition by Spanish state-owned shipbuilder Navantia. The deal, supported
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Donald Trump has announced plans to expedite regulatory approvals for investors committing $1 billion or more to the United States, signalling a significant shift towards deregulation rather than the tax
American automotive giant General Motors has announced a substantial $5 billion charge against its Chinese operations, highlighting the mounting challenges Western car manufacturers face in the world’s second-largest economy. The
The global steel industry faces a significant shake-up as Donald Trump declared his intention to prevent Japan’s Nippon Steel’s £14.9 billion acquisition of US Steel, raising concerns about potential trade
British factory leaders are drastically revising their investment strategies following Rachel Reeves’s Budget announcement, as the Chancellor’s £40bn tax measures send ripples of uncertainty through industrial supply chains. The latest
European manufacturing sectors are experiencing a severe downturn, with both the UK and Eurozone reporting concerning figures for November. The manufacturing PMI in the UK plummeted to a nine-month low
British manufacturing output contracted at its sharpest rate in nearly a year during November, highlighting deepening challenges within the sector as it navigates increased taxation and potential trade disruptions. The
Recent economic data reveals both Germany and the UK are grappling with significant growth challenges, positioning them at the bottom of the G7 economic performance rankings. Germany’s cumulative growth since
The automotive industry was jolted yesterday as Carlos Tavares, chief executive of Stellantis, abruptly resigned following a significant decline in the carmaker’s financial performance. The world’s fourth-largest automotive manufacturer, home
Plymouth’s prestigious boat builder, Princess Yachts, has emerged from challenging financial waters with renewed optimism under fresh ownership. The British superyacht manufacturer, specialising in luxury vessels priced up to £12
Ford Motor Company has announced plans to cut 800 jobs across its UK operations, representing 15 per cent of its remaining 5,100-strong British workforce. The move comes merely 18 months
British model train and hobby specialist Hornby has reported deepening losses in its half-year results, despite implementing significant restructuring efforts and experiencing revenue growth. The company’s shares tumbled 15.4 per
Swedish battery manufacturer Northvolt has filed for Chapter 11 bankruptcy protection in the United States, marking a significant setback for European ambitions to challenge Asian dominance in the electric vehicle
The British government appears poised to reject appeals from electric vehicle manufacturers seeking relief from hefty fines linked to missed sales targets through 2026. This stance comes amid warnings from
The UK government is poised to modify regulations governing the electric vehicle (EV) market amid mounting pressure from manufacturers claiming current sales quotas are pushing the industry towards a breaking
British luxury automaker Aston Martin Lagonda continues to face significant operational challenges, with the company reporting persistent losses and declining performance across key metrics. The iconic manufacturer is currently consuming