Will Aston Martin ever make it out of the slow lane? September 30, 2024 Aston Martin on Monday issued a profit warning, downgrading guidance for the year ahead and slashing its car production target by around 1,000.
Aston Martin shares crater as supply chain disruption scuppers production ramp up September 30, 2024 Aston Martin had put its hopes on a production ramp up in the second half after losses widened in the firm's half-year results in July.
CT Automotive: Shares rev up at Bentley and Lamborghini supplier September 26, 2024 Aim-listed CT Automotive supplies interior parts to the likes of Lamborghini, Bentley, Nissan, Ford and Lotus.
Jaguar Land Rover plans £500m ‘factory of the future’ in UK electric vehicle drive September 26, 2024 Jaguar Land Rover (JLR) has announced plans to invest £500m to transform one its historic factories as part of its drive to build more electric vehicles. The Whitley-headquartered automotive giant has already spent £250m on upgrading the Halewood plant, near Liverpool, which was originally constructed in 1963 to make the Ford Anglia. The work will [...]
Toyota: Revenue surges despite drop in UK market share September 16, 2024 Sales at the UK arm of car making giant Toyota jumped by almost £600m to pass £3.5bn during its latest financial year despite a drop in market share. The Surrey-headquartered company’s revenue for the year to 31 March, 2024, increased from £2.9bn to £3.5bn, according to newly-filed accounts with Companies House. The UK market share [...]
Chinese EV makers should be barred from UK public contracts over data privacy fears, campaigners warn September 16, 2024 Suppliers suspected of having ties to the Chinese military pose a risk due to the potential for built components to be "weaponised" from overseas.
‘Heavy discounting’ sparks new electric car sales surge September 5, 2024 New electric vehicle (EV) registrations jumped in August as “heavy discounting” by manufacturers and a raft of new models tempted consumers to make the switch. The latest figures from the Society of Motor Manufacturers and Traders (SMMT) reveal a 10.8 per cent increase in battery electric vehicle (BEV) registrations in the last month. BEVs now [...]
Volvo insists ‘future is electric’ despite ditching 2030 EV-only target September 4, 2024 Volvo said it would now look for 90 to 100 per cent of its total sales to be either fully electric or plug-in hybrid by the end of the decade.
Caterham Cars bosses voice ‘disappointment’ at fourth loss in a row September 4, 2024 Bosses at car maker Caterham have voiced their ‘disappointment’ in falling to a loss for the fourth year in a row. The Kent-headquartered manufacturer of lightweight sports cars has reported a pre-tax loss of £2.3m for the year to 31 March, 2024, having also made a loss of £2.7m in the prior 12 months. The [...]
Profit slumps by over £400m at Lloyds-owned car leasing firm August 27, 2024 Profit at the car leasing company owned by Lloyds Bank slumped by more than £400m during 2023, it has been revealed. Lex Autolease, which is headquartered in London, has posted a pre-tax profit of £124.4m for its latest financial year, according to newly-filed accounts with Companies House. The new total comes after the business posted [...]