Tesla chief executive Elon Musk may have completed a visit to the UK to explore plans for an electric vehicle (EV) “Gigafactory” manufacturing plant on land near Bristol, it has been claimed.
A Government-back new car scrappage scheme could be set to boost the automotive retail sector with incentives of up to £6,000 to switch into an electric vehicle (EV), it has been claimed.
Former CarShop chief executive Jonathan Dunkley has officially handed the used car supermarket business’s operations over to “the Sytner Group machine”
The impact of the COVID-19 coronavirus pandemic will be central to the findings of the BDO Motor Retail Salary Survey 2020, which is now encouraging participation from across the sector.
Lookers expects to be hit by a temporary suspension of shares trading after conceding that its 2019 annual financial results will not be published in time for the Financial Conduct Authority’s (FCA) June 30 deadline.
Motorline Group has opened consultation with its workforce over a 10% cut to employee pay in response to challenges faced as a result of the COVID-19 crisis.
Bentley has announced plans to shed 1,000 jobs in the UK under a “voluntary release programme” after COVID-19 coronavirus hastened a drive to cut costs.
Inchcape has appeared in a list of 53 businesses which have borrowed millions of pounds from the Bank of England under the Government’s Coronavirus Large Business Interruption Loan Scheme (CLBILS).
Car dealers have resisted the temptation to “slash prices” during COVID-19 lockdown according to Auto Trader data which showed an 1.9% year-on-year increase in May.
The Scottish Motor Trade Association (SMTA) has said that the politics of COVID-19 North of the border will cost car dealers financially and result in disproportionate job losses across the UK's devolved regions.
Aston Martin has revealed a plan to axe 500 jobs as part of a restructure of its operations designed to save the British carmaker £10 million each year.
German Chancellor Angela Merkel’s coalition has followed the lead set by French president Emmanuel Macron in increasing its grant funding for electric vehicle (EV) buyers as part of its COVID-19 stimulus measures.
Luscombe Motors has finally opened the doors to its new MG Motors UK dealership in Leeds following a two-month delay caused by the COVID-19 lockdown.
Lookers will close a further 12 car dealerships and cut its employee headcount by up to 1,500 as part of a restructure plan aiming to make annual savings of £50 million.
Nissan has warned that its UK car manufacturing plant in Sunderland may prove “unsustainable” if Brexit brings an end to the current tariff-free access to the EU.
