Enterprise Rent-A-Car creates over 700 UK jobs as sales pass £2bn April 23, 2025 More than 700 jobs were created by the UK arm of Enterprise Rent-A-Car as rising demand helped sales pass the £2bn mark during its latest financial year. The Surrey-based division of the US giant increased its headcount to 6,778 in the 12 months to 31 July, 2024, according to new accounts filed with Companies House. [...]
Polestar takes advantage of Tesla sales slump April 10, 2025 Polestar is benefitting from Tesla’s well-publicised slump as it revealed a huge growth in global sales for the first three months of 2025. The Swedish company, which is listed on the US Nasdaq, has sold an estimated 12,304 cars since the turn of the year, 76 per cent up compared to the same period in [...]
Nissan: Qashqai maker in the red despite sales accelerating by over £2bn April 4, 2025 The UK arm of Japanese carmaking giant Nissan fell into the red despite its sales surging by more than £2bn, it has been revealed. Based out of its Sunderland factory, Nissan’s UK arm has reported a pre-tax loss of £67.2m for the 12 months to 31 March, 2024, new accounts filed with Companies House show. [...]
Why boss of FTSE 100 giant Auto Trader might ditch his Tesla March 25, 2025 The boss of FTSE 100 Auto Trader may ditch his Tesla in the future as rivals to Elon Musk's giant become more competitive on price.
Jaguar Land Rover: Profit suffers £100m reverse despite sales rise January 29, 2025 Jaguar Land Rover (JLR) has revealed its pre-tax profit reversed by more than £100m during its latest quarter despite a rise in sales. The automotive giant has posted a pre-tax profit of £523m for the final three months of 2024, down from the £627m it reported during the same period in 2023. However, despite the [...]
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 [...]
Ex-Aston Martin CEO: Scrap hybrids, go all in on EV cars January 11, 2025 Our reliance on hybrid is holding us back from real progress. It's time to go all in on EV cars, writes ex-Aston Martin CEO and 'godfather of EVs' Andy Palmer.
Cinch sales drop below £1bn after ‘rapidly falling’ used car prices January 3, 2025 Sales are car retailer Cinch dipped below £1bn after the company was hit by “rapidly falling” used vehicle prices. For the 12 months to 31 March, 2024, the Hampshire-based firm posted a revenue of £932.5m, down from the £1.01bn it achieved in the prior year. Newly-filed accounts with Companies House also show that its pre-tax [...]
Jaguar: First look at electric car revealed following rebrand backlash December 3, 2024 Jaguar has revealed the first look at its new luxury electric car following a backlash over its recent rebranding. The iconic Britich carmaker sparked criticism last month after switching up its logo to ‘JaGUar’ and launching an ad which included slogans such as “delete ordinary” and “copy nothing.” The move led to accusations Jaguar was [...]
Webuyanycar sales plunge by £1bn after slide in used car prices December 2, 2024 Sales at Webuyanycar plunged by almost £1bn in its latest financial year as a sharp fall in the value of used cars hit the motor marketplace, it has been revealed. The company, which is owned by Constellation Automotive, has reported a revenue of £2.57bn for the year to 31 March, 2024, according to newly-filed accounts [...]