Tesla has exceeded analysts’ expectations for third-quarter sales, capitalising on a rush of electric vehicle (EV) purchases in the United States prior to the withdrawal of a popular tax break.
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to motoring taxes are being proposed to bridge a looming fiscal shortfall. The influential Resolution Foundation think tank suggests that drivers in Britain should face a new pay-per-mile system to
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
Volkswagen’s chief executive, Oliver Blume, addressed industry leaders at the International Motor Show IAA in Munich, standing beside the firm’s forthcoming Polo ID electric car. The German automotive giant is
Tesla continues to outpace competitors in the UK electric vehicle sector even as its European market share faces a significant downturn. According to the latest figures from the Society of
Tesla’s grip on the European electric vehicle market is under considerable strain, with new figures revealing a sharp decline in deliveries across several key countries. Latest data from France, the
Tesla is facing mounting challenges in the European automotive market, with sales plummeting sharply as competition from Chinese manufacturers intensifies. The American electric vehicle giant, headed by Elon Musk, saw
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
The European automotive industry is approaching a point of crisis according to Ola Källenius, chief executive of MercedesBenz and current president of the European Automobile Manufacturers Association The combination of
Elon Musk’s Tesla is on the brink of a significant move into the UK energy sector. The renowned US electric car manufacturer has officially applied to the Great Britain energy
Honda, Japan’s second-largest automaker, has reported a dramatic 50 percent slump in its quarterly profits, citing the ongoing impact of Donald Trump’s vehicle tariffs and challenging conditions in the electric
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
A consortium led by Apollo Hybrid Value, the investment arm of US giant Apollo, has acquired a £500 million minority stake in Motor Fuel Group (MFG), the United Kingdom’s largest
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,
Tesla’s share price dropped 4% in after-hours trading as Chief Executive Elon Musk cautioned investors about potential “rough quarters” ahead. The electric vehicle manufacturer reported its most significant quarterly revenue
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
