European carmakers slam on the brakes after Trump tariff shock Motoring Volkswagen reveals €4bn hit even before Washington threats to tear up the Turnberry Deal’s pledge on car import tax Shares in European carmakers were stuck in reverse on Monday, after the sector became the latest to be caught up in threats into the weekend from US President Donald Trump. The White House announced fresh plans [...]
Inchcape shares slide amid Asia market ‘challenges’ Markets 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 [...]
Aston Martin to axe hundreds of jobs as profit plummets Transport & Infrastructure Aston Martin is poised to cull its workforce by around a fifth after the firm’s bottom line took a beating from President Donald Trump’s erratic tariff agenda. The British manufacturer said on Wednesday it had recognised a provision of £18.7m in relation to expected restructuring costs as it consults on chopping 20 per cent of [...]
Carmakers swallow $65bn EV hit as UK bucks slowdown February 15, 2026 A $65bn (£51bn) rethink of electric vehicle strategies by global carmakers is colliding with a very different picture in the UK, where EV uptake continues to climb despite new taxes and policy scrutiny. Manufacturers across the US, Europe and Japan have booked tens of billions in writedowns over the past year as demand undershot expectations [...]
Jaguar Land Rover sales tumble after cyber attack disruption January 6, 2026 Sales at Tata-owned Jaguar Land Rover tumbled in the last quarter of the year after a massive cyber attack wreaked havoc with the carmaker’s production plans. Wholesale volumes were down by more than 40 per cent to 59,200 in the three months to the end of December, while retail sales slumped 25 per cent to [...]
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 restarts engine production after cyberattack October 6, 2025 Jaguar Land Rover (JLR) has restarted manufacturing at its Wolverhampton engine plant, making a key step in recovering from its major cyberattack that forced the British automaker to halt production for over a month. The car giant confirmed it had begun a “controlled, phased restart of operations” following the attack, which hit its IT systems [...]
JLR extends cyber attack shutdown to October September 23, 2025 Jaguar Land Rover (JLR) has extended its production shutdown until at least 1 October, after the cyber attack that crippled its IT systems left the UK’s biggest automaker unable to restart operations. The pause, which started on 31 August, has already cost the car behemoth hundreds of millions of pounds in lost output, and threatens [...]
Toyota’s UK profit almost wiped out amid ZEV mandate battle September 12, 2025 Toyota’s UK profit has almost been wiped out as the carmaker battled a decline in market share and compliance with the ZEV [Zero Emission Vehicle] mandate. The Surrey-headquartered division has posted a pre-tax profit of £462,000 for the 12 months to 31 March, 2025, down from the £11.5m it achieved in the prior year. New [...]
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 [...]