Business

Lotus electric car line up 2024
Lotus is transitioning to an electric-only line-up
Finance

Lotus posts £594m loss for 2023 ahead of EV sales growth

Lotus delivered just 7000 cars last year but says it is making "steady progress" towards 150,000 units in 2028

8 April 2024
Lotus posts £594m loss for 2023 ahead of EV sales growth
nissan qashqai sunderland plant ezgif.com webp to jpg converter
324,893 cars were built at Sunderland last year, led by the Qashqai and Juke
Manufacturing

Volume no longer a dirty word as Nissan looks to grow again

After its last 'flawed' plan didn't work, the Japanese firm's new goal is to raise sales by one million cars a year

5 April 2024
Volume no longer a dirty word as Nissan looks to grow again
smart dealership brooklands jh 7 1600x1067 93d0a0cb c619 4b54 94f6 9c8705230365
Car sales

UK car registrations up 10.4% year on year as fleets boost growth

Despite the increase, the figures are still 30.6% down on pre-pandemic levels

4 April 2024
UK car registrations up 10.4% year on year as fleets boost growth
Tesla Model 3 vs BYD Seal
Car sales

Tesla reclaims EV sales crown from BYD despite huge shortfall

Tesla delivered around 63,000 fewer cars than expected last quarter, but still outpaced Chinese rival BYD

2 April 2024
Tesla reclaims EV sales crown from BYD despite huge shortfall
China flag cars
Car sales

Global car makers contemplate exit from China

Sales are plummeting and profit margins are shrinking as local giants such as BYD and Geely continue to grow

2 April 2024
Global car makers contemplate exit from China
car plant nissan
A 58% rise in car production for the UK market during February was notable
Manufacturing

Domestic demand drives sixth month of UK car production growth

But the market is still heavily reliant on exports, with 74% of output sent overseas

28 March 2024
Domestic demand drives sixth month of UK car production growth
JLR new directors
Leonie Raistrick, Santino Pietrosanti and Alan Nicolson
Finance and corporate

JLR names three UK directors to head up its 'house of brands'

New UK leadership team tasked with putting Jaguar, Range Rover, Defender and Discovery "in their own spotlight”

28 March 2024
JLR names three UK directors to head up its 'house of brands'
fisker ocean review 2023 01 cornering front
Fisker Ocean production was last week paused for six weeks
Corporate

Fisker almost halves US Ocean prices in urgent fundraising drive

Range-topping Ocean Extreme is cut by $24,000 as EV company aims to quickly sell stock and avoid bankruptcy

27 March 2024
Fisker almost halves US Ocean prices in urgent fundraising drive
Ford dealer night
Ford will now adopt what it calls an 'advanced franchise' strategy, with greater use of customer data
Car sales

Ford backs European franchise dealers in agency U-turn

Company will maintain traditional dealer model with assistance of data-sharing – but will downsize network

26 March 2024
Ford backs European franchise dealers in agency U-turn
EV start ups Arrival, Siaetta, Lunaz
Electric vehicles

Failures of British EV start-ups prompt calls for support

"The UK is notoriously bad in supporting start-ups through to maturity," says business economics expert

26 March 2024
Failures of British EV start-ups prompt calls for support

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