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.
Nearly £40m raised by London and Cambridge autotech companies November 28, 2023 Two British autotech companies, Physicsx and Secondmind, have secured close to £40m in combined investment.
British manufacturing sector gets £4.5bn shot in the arm from Jeremy Hunt November 17, 2023 Funding was announced by chancellor Jeremy Hunt this evening, ahead of the much-vaunted Autumn statement next Wednesday, which is likely to focus on productivity in the workforce.
Ferrari profits speed ahead as wealthy buyers splash out to personalise supercars November 2, 2023 Ferrari raised its earnings forecast on Thursday after profits surged on wealthy consumers paying out to personalise their supercars.
Can’t beat them? Join them. European automakers rev up stakes in Chinese EV makers October 30, 2023 European automakers are revving up their stakes in Chinese electric vehicle makers in a bid to crack the market amid cut-throat competition.