Corporate

Volvo "empowers" Chinese and US in push for localisation

Volvo CEO Håkan Samuelsson says the manufacturer needs to "be a local player" in every key region

14 May 2025
Volvo "empowers" Chinese and US in push for localisation
Corporate

JLR records best profit in a decade as it primes new EVs

Pre-tax profit of £2.5 billion in the 12 months to the end of March 2025 is up 15% compared with the year prior

13 May 2025
JLR records best profit in a decade as it primes new EVs
Electric vehicles

Ineos CEO: politicians must recognise need for hybrids after 2035

There is "no chance" that Ineos will force its customers to go electric, says Lynn Calder

13 May 2025
Ineos CEO: politicians must recognise need for hybrids after 2035
Car sales

Dealer 'renaissance' and new models boost Polestar sales by 76%

"Back to basics" retail model shows early signs of sparking new life into Swedish EV brand

13 May 2025
Dealer 'renaissance' and new models boost Polestar sales by 76%
Business

Nissan to cut 20,000 jobs, close seven plants and freeze all post-2026 projects

The drastic cuts comes as the Japanese firm confirms a £3.8 billion net loss in the 2024/25 financial year

13 May 2025
Nissan to cut 20,000 jobs, close seven plants and freeze all post-2026 projects
Corporate

VW Group appoints new R&D boss amid Porsche executive overhaul

Seat-Cupra's Werner Tietz replaces Michael Steiner, who has been named the new deputy chairman of Porsche

12 May 2025
VW Group appoints new R&D boss amid Porsche executive overhaul
Infrastructure

Envision wins £1 billion funding for Nissan Sunderland battery plant

Japanese battery maker will receive £680m of UK government-backed funding and £320m from private equity

12 May 2025
Envision wins £1 billion funding for Nissan Sunderland battery plant
Corporate

Trump tariff gloom lifts following UK trade deal and BMW news

The US president has proven that he can be persuaded to reduce his punitive car import tariffs

9 May 2025
Trump tariff gloom lifts following UK trade deal and BMW news
Government and legislation

Trump slashes import tariff for UK-made vehicles to 10%

Tax applies to first 100,000 cars exported from UK to US; reduced from a previously announced 25% rate

8 May 2025
Trump slashes import tariff for UK-made vehicles to 10%
Range Rover Evoque front quarter tracking 2024
JLR currently builds the Range Rover Evoque in India but not the highly profitable full-size Range Rover
Corporate

India cuts tariff on UK-built luxury cars tenfold

Import tax on “high-end” cars will drop from more than 100% to 10%, subject to sales quotas

6 May 2025
India cuts tariff on UK-built luxury cars tenfold

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