Carbon markets must industrialise or the net zero transition stalls Partner When nearly three in four of the world’s largest companies commit to something, it signals a fundamental shift in how business leaders think about risk and opportunity. Climate Impact Partners’ latest analysis of Fortune Global 500 companies found that 72 per cent now hold at least one climate commitment, up from fewer than one in [...]
Santander: UK businesses shift away from China as tensions flare Economics UK businesses are moving away from China as risks mount amid flaring geopolitical tensions. Over half of firms are taking steps to bring their supply chains closer to home, with one in five having already relocated their network closer to the UK. The moves come amid questions over China’s dominance in the supply chain, with [...]
Jaguar Land Rover reboots US car exports despite tariff woes Transport and infrastructure Jaguar Land Rover has begun sending cars to the US again after halting shipping on the back of President Donald Trump’s trade war. The first batch of vehicles headed to the US in nearly a month shipped out from the UK on Wednesday, as first reported by The Times. The British firm paused deliveries across [...]
Trump slaps 25 per cent tariffs on all car imports March 27, 2025 President Trump announced late on Wednesday that he will impose a universal 25 per cent tariff on all car imports into the US, just hours after the Office for Budget Responsibility warned that fresh tariffs would erase Reeves’ newfound fiscal headroom. These new levies are part of a package of anti-trade measures from 2 April, [...]
FIA and Formula 1 accept General Motors and Cadillac to 2026 grid March 7, 2025 Formula 1 and its governing body the FIA have approved Cadillac’s application to join the 2026 F1 grid. The move comes after their bid was approved for assessment in November following on from major governance changes at General Motors and Andretti. “The FIA and Formula 1 can confirm that, following the completion of their respective [...]
Ferrari to help General Motors and Cadillac Formula 1 entry December 10, 2024 Ferrari will provide engines and a gearbox to the General Motors and Andretti bid that will see Cadillac enter Formula 1 in 2026. The agreement, subject to the American newcomers having their application approved by both Formula 1 and the sports governing body the FIA, represents a huge obstacle passed for the General Motors team, [...]
What does the Formula 1 expansion mean? Racing is in the fast lane November 27, 2024 So after months of wondering whether Formula 1 would ever have more than 10 teams on the grid again, we have finally got our answer. Late on Monday it was announced that F1 had entered into an agreement in principle with General Motors division Cadillac for an entry into the top level of global motorsport [...]
F1 agrees deal for General Motors and Cadillac grid entry in 2026 November 25, 2024 The Formula 1 grid is set to feature 11 teams for the first time since 2016 after the organisation reached an “agreement in principle” for General Motors to enter when regulations change ahead of the 2026 season. An impasse between the top level of motor racing and the inclusion of an 11th team was solved [...]
Shareholders wave through Lithia’s £397m Pendragon takeover October 25, 2023 Pendragon said today that 99 per cent of voting shareholders had backed the £397m sale of its UK motor business to Lithia.
General Motors drives home a confident outlook for 2022 February 1, 2022 General Motors announced yesterday evening that it expected a 2022 operating profit of $13bn (£9.6bn) to $15bn (£11bn), citing an improving outlook for semiconductor chips used in its vehicles. This is good news for investors, who have been keeping a watchful eye on shortages and supply issues when analysing car maker stocks. Fourth-quarter net income [...]