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automotive

  • Jaguar Land Rover: Trump’s tariffs cost car maker millions

    August 8, 2025

    Jaguar Land Rover has revealed how much US President Donald Trump’s tariffs have impacted its finances during the first three months of its financial year. The car maker has confirmed that its revenue in the three months to 30 June, 2025, fell by 9.2 per cent to £6.6bn. Its pre-tax profit was also slashed by [...]

  • Aston Martin: Why going private could be the right road for luxury carmaker

    July 29, 2025

    Luxury carmaker Aston Martin could delist from the London Stock Exchange and return to private ownership as a way to boost its balance sheet, according to an analyst. Experts at Third Bridge have said the move could have a number of benefits for the Warwickshire-headquartered brand including “improve agility, attract long-term partners, and reduce the [...]

  • Auto Trader: Brits turn to older cars amid ‘economic uncertainty’

    July 29, 2025

    Brits are turning their backs on new cars choosing to buy more older models amid “ongoing economic uncertainty”, according to FTSE 100 giant Auto Trader. The Manchester-headquartered company said a “standout trend” of 2025 so far is the “growing appetite for affordable used cars”, particularly those aged between five and 10 years old. Auto Trader has [...]

  • Rolls-Royce banking on bespoke cars to attract super-rich

    July 23, 2025

    Wealthy buyers seeking to personalise their new Rolls-Royce helped boost the luxury car brand’s profit in 2024 despite falling sales. The Hampshire-based business, which is owned by BMW, said its bespoke service reached a record level last year with a 10 per cent increase on average per car year-on-year. Rolls-Royce Motor Cars added the rise [...]

  • Jaguar Land Rover to axe 500 management jobs

    July 17, 2025

    Jaguar Land Rover is to axe up to 500 management jobs in the UK through a voluntary redundancy programme. The automotive giant said that around 1.5 per cent of its UK workforce would be impacted by the job cuts. A spokesperson for the Tata-owned firm said: “As part of normal business practice, we regularly offer [...]

  • Norton Motorcycles: Losses pass £100m after rescue as global expansion eyed

    July 9, 2025

    Losses at Norton Motorcycles have passed the £100m mark since it was rescued out of administration five years ago. The Solihull-headquartered business was saved by TVS Motor Company in April 2020 for a reported £16m after having collapsed into administration a few months earlier. New accounts filed with Companies House have now revealed the iconic [...]

  • Toyota braced for motor finance pay out as ruling nears

    June 18, 2025

    Toyota has set aside millions in case the Supreme Court rules the company and the wider industry should pay customers compensation when it delivers its verdict on the motor finance saga in the coming weeks. The UK-based financial services arm of the car giant has earmarked the funds to shore itself up in the eventually [...]

  • Volvo issues warning despite record UK sales

    June 11, 2025

    Volvo has issued a warning despite its UK sales surging to more than £2bn and its profit almost quadrupling in 2024. The division of the Swedish car-making giant, which is headquartered in Berkshire, has reported a revenue of £2.3bn for its latest financial year, up from the £1.7bn it achieved in 2023. New accounts filed [...]

  • Can Cazoo go from collapse to Auto Trader’s ‘undisputed’ rival?

    June 2, 2025

    Cazoo can double in size over the next couple of years and become the undisputed number two to FTSE 100 giant Auto Trader, the man charged with its phoenix-like recovery has said. Barry Judge, who helped rescue the brand after it collapsed in May 2024, added that the company is working on winning back the [...]

  • Nissan: UK taxpayers to guarantee £1bn loan amid Sunderland plant uncertainty

    May 28, 2025

    The UK taxpayer is to guarantee a £1bn loan to Nissan as part of a major restructuring of the struggling carmaker. The Japanese firm announced plans earlier this month to axe 20,000 jobs globally and shut down seven factories. Confirmation of the restructuring piled uncertainty onto the future of its Sunderland facility, which is the [...]

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