Heycar has been criticised after making 73 employees redundant as part of a global restructuring process described as being part of a “ruthless” drive to deliver improved profitability.
Renault and Nissan have revealed plans to re-forge their car manufacturing Alliance on a new platform of balanced governance which will underpin electric vehicle (EV) and software partnerships.
Outgoing Toyota chief executive Akio Toyoda has admitted “a carmaker is all that I am” as the Japanese carmaker revealed a new CEO to lead its transition to becoming a mobility business.
Richmond Motor Group delivered an awards double at MG Motor UK’s annual awards, securing the brand’s retailer, group and aftersales dealer of the year accolades.
Motorpoint chief executive Mark Carpenter has insisted the car supermarket group will succeed in its goal of becoming a “highly profitable market leader” despite faltering finance commissions and used vehicle margins.
Former eDynamix customer account manager Faye Staley has said she "cannot wait to get started" following her promotion to the role of strategic account director.
Tesla proved that it remained the “EV brand to beat” after Q4 deliveries drove a 59% rise in profitability for Elon Musk’s zero-emissions car brand.
The prospects of UK car manufacturing sector’s future has been labelled “precarious” as pressure mounts to accelerate investment in zero-emissions electric vehicle (EV) production following 2022’s 9.8% sector decline.
Stoneacre Motor Group’s profit before tax soared by 63% to deliver a record set of annual financial results for 2021/22.
New Porsche Cars Great Britain chief executive Krishan Bodhani will be targeting growth when he takes up his new role at the growing sports car brand next week.
Volkswagen Commercial Vehicles (VWCV) has made three new management appointments to develop used, fleet and national sales alongside its 60-site Van Centre retail network.
Lithia Motors’ Jardine Motor Group takeover talks have highlighted the undervaluation of UK car retail businesses, analysts have claimed.
Cambria Automobiles chairman and chief executive Mark Lavery has said his business is ready to enter “chapter two” of its development after the appointment McLaren finance director Paul Buddin as CFO.
Pendragon has said that car sales growth in Q4 helped propel it to a “better than expected” 2022 financial performance in a trading update published this morning (January 25).
Stellantis UK managing director Paul Willcox has insisted that there will be no more cuts to the carmaker’s UK retail network, despite revealing a ‘theoretical’ 40-partner plan for the longer term.
