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
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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
Boeing, the struggling American aircraft manufacturer, has asked investors to inject about $19 billion in order to boost its balance sheet, and to protect its investment grade credit rating from
Mondi, a FTSE 100 packaging company that failed in its bid to acquire UK rival DS Smith has acquired a German competitor. It has acquired western European assets from Schumacher
Two separate surveys of businesspeople indicate that uncertainty ahead of Labour’s first Budget since 2010 next Month is impacting the UK economy. S&P Global, a data company, said that the
Intel has cancelled plans to build a €30bn microchip plant in Germany, a blow for Europe’s technological plans. The US chipmaking company said that it would postpone construction of a
In a surprising turn of events, electric vehicle (EV) sales in the UK saw a significant uptick in August, defying the overall downward trend in the automotive market. According to
The European electric vehicle (EV) market is undergoing a notable transformation as Chinese manufacturers respond to newly imposed European Union tariffs. According to data from automotive analyst Dataforce, the market
The UK manufacturing sector is calling on the government to prioritise the development of a comprehensive industrial strategy to attract investment and mitigate the damage caused by the Brexit deal.
The pound has reached a 13-month high against the dollar, trading at $1.3118, as British companies reported their fastest growth in four months during August. According to the latest S&P
The Royal Mint unveiled an “innovative” factory which will recover gold from electronic scrap, allowing the manufacturer to create a sustainable source of precious metals for its luxury jewellery collection.
Harland & Wolff shipyard, Belfast, is known for building the Titanic. It was the largest passenger vessel of its day before it struck an iceberg during its maiden voyage over
After the split of Spirit AeroSystems by Boeing and Airbus, the future of a British aerospace facility is uncertain. Up to 2,400 jobs are at risk. The future of the
Spirit AeroSystems UK’s head has warned that the possible break-up of their Northern Ireland operations, in the event of sale, would be “extremely damaging” to the future of the company
