The AA: Rising insurance premiums help revenue surge but profits slashed Transport Rising insurance premiums helped revenue at The AA surge to almost £1.3bn but a slowdown in its breakdown service saw profits slashed by more than 40 per cent.
Cosworth hails record revenue at former Formula One engine supplier Automotive Former F1 engine supplier Cosworth achieved a record revenue of £100m during 2023 "despite challenging market and supply chain conditions".
Bosch sales driven up by new car market’s resurgence despite hit to consumer goods Manufacturing Bosch is eyeing a further increase in sales during 2024 despite the global technology giant warning it is not expecting a marked improvement in the UK economy.
Aston Martin and Lamborghini supplier Surface Transforms sets out ‘worst case scenarios’ April 17, 2024 Surface Transforms, a supplier to the likes of Aston Martin and Lamborghini, has set out its growth expectations for the year after a shareholder requested it revealed its "worst case scenarios".
Demand for Nissan’s Qashqai helps UK sales drive past £5bn April 12, 2024 Based out of its Sunderland factory, Nissan's UK arm has reported its sales increased from £3.6bn in the year to March 31, 2023, while its pre-tax profits went from £35.6m to £31.9m.
Stellantis: Vauxhall and Peugeot owner to make electric vans in Luton, securing 1,500 jobs February 22, 2024 Stellantis, the owner of car brands such as Vauxhall and Peugeot, is to start manufacturing electric vans at its historic Luton plant from 2025 in a move which will safeguard around 1,500 jobs.
Kwik Fit sheds 200 jobs as profits slashed on rising product and energy costs February 15, 2024 Kwik Fit shed more than 200 jobs as its profits almost halved after being hit by higher product and energy costs during its latest financial year.
Jaguar Land Rover: What’s driving record sales at JLR as profits pass milestone? February 2, 2024 Jaguar Land Rover posted its highest quarterly profits since 2017 as its sales hit a new record, it has been revealed.
UK’s new car market leaves pandemic in the past with 18 per cent growth in 2023 January 5, 2024 The number of new car registrations in the UK grew by nearly 18 per cent in 2023, as automakers emerged from Covid-era supply chain issues.
New car market closes in on pre-pandemic levels but EV sales slow ahead of post-Brexit tariffs December 5, 2023 The new car market rose 9.5 per cent last month, marking the best November in four years and close to pre-pandemic levels.