Business

Tesla Model 3 cornering in icy weather
Electric vehicles

Reports: Tesla to lay off over 10% of global workforce

The layoffs equate to around 14,000 jobs and come following a drop in car deliveries

15 April 2024
Reports: Tesla to lay off over 10% of global workforce
Inchcape
Dealers

Inchcape agrees £346m sale to US-based dealer group

Group 1 Automotive will add firm's 120 dealerships to its 79 existing UK franchises

15 April 2024
Inchcape agrees £346m sale to US-based dealer group
tesla scrap model 2
Tesla has long been tipped to be readying a budget-friendly 'Model 2' electric car
Electric vehicles

Tesla pivot threatens to blow a hole in the investor case

EV maker last week confirmed plans to build robotaxi; reports claim budget 'Model 2' cancelled to make way

12 April 2024
Tesla pivot threatens to blow a hole in the investor case
Lotus Evija clay model in design studio
Manufacturing

Lotus reviews future of sports car design studio in Hethel

Future unclear for studio that penned Esprit, Elise, Evora et al; brand mulls moving all design activity to Coventry

11 April 2024
Lotus reviews future of sports car design studio in Hethel
alfa romeo milano side
Speaking at the launch of the Alfa Romeo Milano (pictured), Tavares said a bid from China for a brand had been turned down
Corporate

Carlos Tavares refutes Stellantis brand sell-off rumours

Stellantis boss dismisses rumours firm could quit production in Italy or sell off any of its brands as “fake news”

11 April 2024
Carlos Tavares refutes Stellantis brand sell-off rumours
land rover defender v8 130 review 2023 05 action rear
Car sales

JLR sales up 22% as Defender and Range Rover sales soar

British brand expected to announce record profits in May after buoyant end to year

9 April 2024
JLR sales up 22% as Defender and Range Rover sales soar
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

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