Ford to Axe 800 UK Jobs in Latest European Restructuring Drive
Ford Motor Company has announced plans to cut 800 jobs across its UK operations, representing 15 per cent of its…
Browsing Tag
electric vehicles
European Battery Giant Northvolt Seeks US Bankruptcy Protection in Dramatic Turn
Swedish battery manufacturer Northvolt has filed for Chapter 11 bankruptcy protection in the United States, marking…
UK Government Stands Firm on Electric Vehicle Sales Mandate Despite Industry…
The British government appears poised to reject appeals from electric vehicle manufacturers seeking relief from…
Britain Prepares to Ease Electric Vehicle Sales Rules as Industry Faces Crisis
The UK government is poised to modify regulations governing the electric vehicle (EV) market amid mounting pressure…
Troubled Swedish Battery Manufacturer Northvolt Faces Potential Collapse as…
Swedish battery manufacturer Northvolt stands at a critical juncture as the company contemplates filing for Chapter…
BMW Reports Dramatic 80 Percent Profit Plunge as Chinese Market Falters
German automotive giant BMW has witnessed a staggering 79.4 per cent decline in third-quarter profits, primarily…
Volkswagens Future Hangs in Balance as German Giant Faces Reform Crisis
Europe's largest automaker, Volkswagen, finds itself embroiled in an unprecedented crisis as it grapples with…
Land Rover and Range Rover Report Surge in Hybrid Sales Amid Electric Vehicle…
The automotive industry is witnessing a significant shift in consumer behaviour as JLR, the West Midlands-based…
Chinese Electric Vehicle Sales Falter in Europe as EU Tariffs Take Effect
The European electric vehicle (EV) market is undergoing a notable transformation as Chinese manufacturers respond…
Volkswagen Contemplates Factory Closures and Job Cuts in Germany as Cost Savings…
In a significant shift from its 87-year history, Volkswagen is contemplating the closure of factories in Germany…
Hyundai Doubles Hybrid Range as Demand for Pure Electric Cars Declines
As consumer demand for pure electric vehicles (EVs) experiences a slowdown, the South Korean carmaker Hyundai has…
Chinese EV Maker Xpeng Unveils Low-Cost Electric Car with Self-Driving…
Chinese electric vehicle manufacturer Xpeng has launched a new, affordably priced electric car that incorporates…
Polestar CEO Thomas Ingenlath Resigns Amidst Plummeting Sales and Share Prices
In a surprising turn of events, Thomas Ingenlath, the chief executive and founder of Polestar, has stepped down…
Ford Cancels Electric SUV Plans Potential 19 Billion Dollar Write Off
In a surprising turn of events, Ford Motor Company has abandoned its plans to manufacture a three-row electric…
Ford Scraps Plans for Electric SUV Potentially Costing 19 Billion Dollars
In a surprising turn of events, Ford Motor Company has decided to abandon its plans to manufacture a three-row…
Dowlais Struggles as Share Price Plummets Amidst Industry Turmoil
The automotive industry has been grappling with a myriad of challenges, and Dowlais, the car parts maker spun off…
UK Governments 2030 Electric Vehicle Mandate Faces Resistance from Carmakers
The Labour government's ambitious plan to phase out the sale of new petrol and diesel vehicles by 2030 has hit a…