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
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The UK government has once again postponed a decision on permanent legislation for e-scooter rentals, granting an extension to the national trial period until May 2028. Operators such as Voi
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
Shares in Tesla experienced a sharp decline following Elon Musk’s announcement of his new political venture, the America Party. The move has intensified tensions between the tech entrepreneur and President
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
Lord Rothschild’s cable manufacturing enterprise Volex has reported a remarkable 25% increase in profits, driven by soaring demand for its electric vehicle chargers. The company’s financial performance exceeded management’s previous
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.
EDF, the French energy giant, has secured the acquisition of Pod Point, the electric vehicle (EV) charging company, for a £10 million cash offer. This marks a significant moment for
The UK automotive market continues to show signs of transformation as electric vehicle (EV) registrations surged in May, despite struggles from industry giant Tesla. According to the Society of Motor
Cobalt Holdings, a Glencore-backed group aiming to make one of London’s most significant stock market debuts in over a year, has withdrawn its flotation plans after struggling to secure sufficient
The British taxpayer is set to provide critical support to Nissan, the struggling Japanese car manufacturer, with a £1 billion loan guarantee through UK Export Finance (UKEF). This financial backing
Tesla has witnessed a sharp decline in its European sales, dropping by 49 per cent in April compared to the same period last year. Despite a 28 per cent rise
Elon Musk’s controversial decisions as the head of the so-called Department of Government Efficiency, or Doge, under Donald Trump’s administration have caused what some experts describe as one of the
