Ford has announced a substantial £15 billion writedown while unveiling a decisive pivot away from battery electric vehicles in response to shifting US policy under President Trump and softening demand.
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Elon Musk has reaffirmed his confidence in Tesla by making his first open market purchase of Tesla shares since 2020, acquiring approximately $1 billion worth in a bold move that
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
Stellantis, the automotive giant behind such marques as Peugeot, Jeep, Chrysler and Fiat, is confronting a tumultuous period following the announcement of a €2.3 billion net loss for the first
Leading automotive and cycling retailer Halfords has plunged into the red, reporting a statutory pre-tax loss of £30 million for the 52-week period ending 28 March. The significant downturn stems
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
German automotive giant BMW has witnessed a staggering 79.4 per cent decline in third-quarter profits, primarily driven by challenges in its braking systems and a significant downturn in Chinese consumer
The automotive industry is witnessing a significant shift in consumer behaviour as JLR, the West Midlands-based Indian-owned manufacturer, reports a remarkable 29 per cent increase in plug-in hybrid vehicle sales
