Jaguar Land Rover sales fall despite hopes for Chinese recovery December 9, 2019 Jaguar Land Rover sales fell last month, despite the car maker seeing “green shoots” of a recovery in the all-important struggling Chinese market. The manufacturer, which is owned by Indian conglomerate Tata, saw retail sales drop 3.4 per cent year-on-year in November. Read more: British car industry troubles run far deeper than Brexit But in [...]
Aerospace engineer Senior mulls selling aerostructures division December 9, 2019 Senior, an engineering supplier to the likes of Boeing and Daimler, has admitted it is thinking about selling off its aerostructures division, in a deal that could be worth up to £450m. Shares in the FTSE 250 company rose 5.5 per cent today after it confirmed reports that emerged over the weekend that a sale [...]
UK business output hits 17-month low, BDO says December 9, 2019 Declining output across the UK’s services and manufacturing sectors has caused BDO’s output index to fall to its lowest level in 17 months. In November the index, which provides a snapshot of business productivity through analysing data from the UK’s business surveys, fell by 0.65 points to 96.04. Read more: Private sector output suffers worst [...]
Electric cars take record UK market share as battery-powered vehicle sales surge 228 per cent December 5, 2019 Britain’s drivers bought more electric vehicles last month than ever before, as demand for fully electric battery cars surged more than three-fold. In November, pure electric battery car sales rose 228 per cent compared to the same period last year, with 4,652 of the vehicles registered. Read more: Electric dreams: How long until electric cars [...]
Motorpoint takes hefty profit hit due to low consumer confidence November 28, 2019 Profit at Motorpoint, the UK’s largest independent vehicle retailer, fell nearly 20 per cent this morning as the company struggled with lower consumer confidence. Shares in Motorpoint were up 2.3 per cent this morning. Read more: Amigo shares jump as it boosts customer numbers and loan book The figures Profit at the car seller fell [...]
Car production falls again amid ‘worrying times’ for UK automotive industry November 28, 2019 Britain’s car manufacturing industry suffered another month of decline in October, with 5,000 fewer vehicles made than in the same period last year. Manufacturing output fell four per cent in October, as 134,752 cars rolled off production lines, driven largely by weak demand in the UK market, according to the Society of Motor Manufacturers and [...]
Car industry faces ‘fight of our generation’ to avoid breakdown, says trade group boss November 26, 2019 Britain’s car industry is locked in the “fight of our generation” to preserve the once-thriving sector, according to one of the UK’s most senior automotive bosses. George Gillespie, the president of influential trade group the Society of Motor Manufacturers and Traders (SMMT), warned an annual gathering of industry chiefs that investment could dwindle to levels [...]
Electric dreams: How long until electric cars go mainstream in the UK? November 26, 2019 Visitors to the picturesque Whitby Bay beach in north Yorkshire were in for a shock earlier this month, when they encountered two giant footprints etched into the sand. The left was half the length of a football pitch, at 50 metres – the right was just 3.5 metres long. The reason? A publicity stunt by [...]
US car giant General Motors sues Fiat Chrysler over union ‘bribes’ November 20, 2019 Two giants of the global automotive industry have come to blows this afternoon, with General Motors suing Fiat Chrysler of bribing US automotive workers to get better terms in strike negotiations. The US firm has filed a racketeering lawsuit against Fiat and its former executives, “intended to hold FCA accountable for the harm its actions [...]
‘Shock’ as Tata Steel announces 3,000 European job cuts, with effects on UK workers unclear November 19, 2019 Unions have called for clarity from Tata Steel over its plans to cut 3,000 jobs in Europe, amid fears the announcement could affect its workers in Port Talbort, south Wales. Tata announced the job losses, which equate to about one-sixth of its workforce, on Tuesday night, as the steelmaker flights plunging profit after a failed [...]