UK new car market stalls as weak consumer confidence bites February 5, 2025 New car registrations fell by 2.5 per cent in January as weak consumer confidence and a tough economic backdrop delivered a fourth consecutive monthly decline. There were 139,345 new vehicle registrations in January, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT). New registrations for both private and fleet buyers [...]
Nissan supplier to create almost 200 jobs with new £50m EV factory January 16, 2025 A major supplier of Nissan has invested nearly £50m to open a new factory in Sunderland, creating 183 high-skilled jobs for the local region. Jatco, a Japanese firm which makes gearboxes for global automakers, will build electrified powertrains for Nissan’s nearby gigafactory. Situated in Sunderland’s International Advanced Manufacturing Park, the 138,840 sq ft plant is [...]
New car market in UK up 2.6 per cent in 2024, figures reveal January 4, 2025 The UK’s new car market recorded its second successive year of growth with a 2.6 per cent rise in registrations in 2024, new figures show. Industry body the Society of Motor Manufacturers and Traders (SMMT) said around 1,953,000 new cars were registered last year, compared with 1,903,000 in 2023. Growth was delivered entirely by purchases [...]
Tesla: Elon Musk’s EV giant’s sales disappoint with first fall in a decade January 2, 2025 Elon Musk’s EV giant Tesla disappointed with its earnings report today, with its first fall in annual deliveries for over a decade. The electric car behemoth, which has been in the news in the last 24-hours after a vehicles exploded in the US outside a Donald Trump-owned hotel, delivered 1.70 million electric vehicles (EVs) in [...]
Ministers warned not to cave to ‘short-sighted’ carmakers on EV targets December 16, 2024 The government is currently considering relaxing new rules enforcing certain electric vehicle sales targets each year.
Stellantis closure: UK carmakers face ‘global’ challenges, Reynolds warns November 27, 2024 UK carmakers are facing “global challenges”, Jonathan Reynolds has warned, in the wake of Vauxhall owner Stellantis announcing plans to close its Luton plant. The business secretary said issues in the industry amid the shift to electric vehicles weren’t limited to the firm and insisted ministers did “everything we possibly could” to avert closure. Dutch [...]
Vauxhall owner Stellantis puts over 1,100 jobs at risk with plans to shut major factory November 26, 2024 The Dutch carmaker said it would instead consolidate electric van production at Ellesmere port in Cheshire, unveiling a £50m investment.
Ford to cut hundreds of UK jobs in sweeping round of European layoffs November 20, 2024 The cuts will take place by the end of 2027 and make up around 14 per cent of the firm's workforce in Europe, which totals 28,000.
Jaguar Land Rover: Drivers using plug-in hybrids as ‘stepping stone’ towards electric cars October 30, 2024 Jaguar Land Rover has revealed a sharp rise in the sales of its plug-in hybrid models (PHEV) as its customers use them as a ‘stepping stone’ towards battery electric vehicles (BEV). The automotive giant has reported a 59 per cent rise in PHEV sales during the first half of its financial year compared to the [...]
Lookers in the red after £504m take-private deal October 28, 2024 Car dealership giant Lookers slumped into the red in the year it was taken private in a deal worth more than £500m. The Cheshire-headquartered business has reported a pre-tax loss of £5m for 2023, having posted a pre-tax profit of £73.9m in 2022. The loss comes as newly-filed accounts with Companies House show Lookers’ revenue [...]