Citroën 2CV returns as a £13,000 electric car, and the timing is no accident Sponsored Citroën is reviving one of its most famous cars as a sub-£15,000 electric city car. It looks like a nostalgia play, but it is really a response to a gap Europe’s carmakers left at the cheap end of the market, one that Chinese rivals are now moving quickly to fill. Citroën’s decision to bring back [...]
Britain set to miss net-zero car targets despite record electric vehicle sales Transport & Infrastructure Britain is set to miss its net-zero emission target for cars despite Electric vehicles (EVs) claiming a record share of the UK new car market in June, fuelled by billions of pounds in discounts. Battery EVs accounted for 30 per cent of all new cars registered last month – the highest monthly share of the [...]
Volkswagen’s China crunch deepens as Europe’s biggest carmaker weighs 100,000 job cuts Transport & Infrastructure Volkswagen is weighing up to 100,000 job cuts as Europe’s biggest carmaker accelerates a sweeping overhaul after admitting the manufacturing model that underpinned decades of German industrial success can no longer compete in a market reshaped by Chinese rivals. The German automotive giant is reportedly considering almost doubling previously announced workforce reductions while shutting four [...]
Inchcape shares slide amid Asia market ‘challenges’ March 3, 2026 Shares in Inchcape tumbled on Tuesday after the car distribution business warned of challenges in Asian markets. The London-listed firm was the worst performer on the FTSE 250 index amid a wider stock sell-off, with its shares sliding almost 9 per cent to 793p – though the stock remains up by 3 per cent since [...]
New EV charges threaten fragile consumer confidence February 19, 2026 The UK government wants Britain to go electric, but carmakers are under strict sales targets, grants have been extended, and billions are being funnelled into infrastructure. But at street level, the case for switching still depends on whether the switch will actually save drivers money. That question has become sharper in recent weeks, with TfL [...]
Triumph: Profit almost wiped out at iconic motorcycles maker January 5, 2026 Profit at iconic motorcycles maker Triumph has almost been wiped out thanks to US President Donald Trump’s trade tariffs and the cost-of-living crisis. The Derbyshire-headquartered business, which is owned by billionaire John Bloor, has posted a pre-tax profit of £2.2m for the year to 30 June, 2025. That figure is down significantly from the pre-tax [...]
Nissan loses £888m as major recovery plan accelerates January 5, 2026 The UK arm of car giant Nissan lost £888m during its latest financial year ahead of a major recovery plan taking effect, it has been revealed. The Sunderland-headquartered business has posted the pre-tax loss which is up significantly from the £67m it lost in the prior 12 months. Nissan said its latest accounts, filed with [...]
Toyota warns of ‘challenging road ahead’ after profit falls £100m December 3, 2025 The UK manufacturing arm of Toyota has warned “the road ahead may be challenging” after its profit slumped by more than £100m during its latest financial year. The division of the Japanese giant said the “uncertainties of the automotive industry and infrastructure to support vehicle type” were the main factors behind its pessimism. However, Toyota [...]
Jaguar Land Rover: JLR loses almost £500m after cyber attack November 14, 2025 Jaguar Land Rover (JLR) lost almost £500m during the second quarter of its financial year as it battled the most expensive cyber attack in British history. The automotive giant has reported a loss before tax and exceptional items of £485m for the three months to 30 September, 2025. The figure compares to a profit of [...]
Citroen: UK sales slump by over £400m October 6, 2025 A sharp decline in the number of new and used Citroen cars being sold in 2024 contributed to the brand’s revenue being cut by more than £400m. For its latest financial year, the Coventry-headquartered firm’s revenue fell from £1.2bn to £792m, new accounts filed with Companies House show. Citroen’s revenue from the sale of new [...]