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
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The European Union’s newly forged trade agreement with the United States has been met with reserved optimism by industry leaders across the continent. The deal introduces a flat 15 per
The United States has signed a landmark trade agreement with Japan, reducing tariffs on Japanese exports to the US from 25% to 15%. The deal, whilst higher than the current
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,
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
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
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
The Business Secretary Jonathan Reynolds has received assurances regarding the future of Lotus’s Norfolk manufacturing facility following crucial discussions with its Chinese proprietor over the weekend. The talks arose amid
In a remarkable turn of events, Skoda, once the subject of automotive ridicule, has surpassed Tesla in European electric vehicle sales. The Czech manufacturer, operating under the Volkswagen Group umbrella,
In a significant development for the UK automotive sector, Chinese manufacturer Chery Auto is evaluating plans to establish its second European manufacturing facility in Britain. The announcement comes as the
China is alleviating its stringent regulations on the exportation of rare earth elements by sanctioning “a certain number” of export permits, according to a statement from the nation’s commerce ministry.
Jaguar Land Rover has downgraded its earnings forecast and cashflow expectations for the current financial year, citing global uncertainties and the looming threat of President Trump’s tariffs. The luxury automaker
Aston Martin has raised concerns over the UK government’s failure to provide state backing for small-volume manufacturers, claiming this leaves the company at a distinct competitive disadvantage compared to its
Jaguar Land Rover (JLR) has recorded its highest profit levels in a decade, buoyed by preparations for a new wave of electric vehicle production. The Indian-owned automotive group, part of
The British luxury carmaker Bentley has reported a complete halt in its US sales as customers await clarity on lower tariffs promised under a recent UK-US trade deal. The deal
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
