Electric vehicle sales set to experience slowest growth since the pandemic Business Electric vehicle sales are set for their slowest annual growth since the pandemic damaged sales in 2020, as demand for the vehicles weaken. First reported by the Financial Times, electric vehicle (EV) sales are expected to reach just 13 per cent to 24m in 2026, down from an estimated 22 per cent increase last year, [...]
How Formula 1 is reengineering car branding Sport Business It’s an old adage, but one particularly true for automotive brands, that where you show up as a brand really matters. Staples for car marketing are high-quality environments such as cinema, peak TV, eye-catching billboards and the like. Especially for cars – a category in which long-range priming is key – these quality touchpoints shape [...]
Toyota warns of ‘challenging road ahead’ after profit falls £100m Transport and infrastructure 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 [...]
Motorpoint sold hundreds of cars using AI agent as profits jump November 12, 2025 Motorpoint has revealed it sold hundreds of cars using its new AI agent as the car dealer reported a jump in profits. Chief executive Mark Carpenter said the use of the agent allowed the London-listed firm to be more persistent with its sales strategy when human sales agents might have given up. “We’ve sold about [...]
Jaguar Land Rover cyber attack hammers UK car production October 24, 2025 The most expensive cyber attack in British history suffered by Jaguar Land Rover contributed to car production being slashed by almost 30 per cent in September, according to new figures. Jaguar Land Rover was forced to halt production for five weeks from 1 September which has been estimated to have cost the UK around £1.9bn. [...]
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 [...]
Tesla to unveil lower-cost Model Y to revive sales momentum October 6, 2025 Tesla is expected to unveil a long-awaited, lower-cost version of its Model Y SUV this week, as the American electric car giant looks to reignite demand amid slowing global sales and rising competition from Chinese rivals. The new variant, widely referred to as the Model Y Standard, has been spotted testing near Tesla’s gigafactory in Texas and [...]
Tesla: UK sales slump by £500m as profit slashed September 26, 2025 Sales at the UK arm of Elon Musk’s Tesla slumped by more than £500m as its profit was also slashed during its latest financial year. The division, which is headquartered in Manchester, has reported a revenue of £1.94bn for 2024, new accounts filed with Companies House show. The new figure comes after Tesla posted a [...]
‘Furlough’ scheme calls grow after Jaguar Land Rover cyberattack September 24, 2025 Calls for a furlough-style scheme to support workers affected by the crippling cyberattack on Jaguar Land Rover grew on Wednesday, after the carmaker revealed its production would remain at a standstill for at least another week. Thousands of workers at firms in the Range Rover maker’s supply chain have spent weeks in limbo, with some [...]