Corbyn could try developing a more sustainable model of capitalism rather than knocking Murdoch et alIt’s the knockabout stage of the general election campaign so there’s no real harm in the leader of the Labour party summoning a few business villains …Read more
Tie-up of Italian and French firms would create world’s fourth biggest carmakerThe boards of Fiat Chrysler Automobiles and the Peugeot owner, Groupe PSA, have approved a €40bn (£35bn) merger that would create the world’s fourth-biggest carmaker.The Ita…Read more
Deal between PSA Group and FCA would create one of world’s biggest carmakersThe French owner of the Peugeot and Vauxhall brands is in talks with Fiat Chrysler Automobiles (FCA) over a €40bn (£35bn) merger that would create one of the world’s biggest ca…Read more
PSA Group’s decision would be boost to British car industry and workers at Ellesmere PortFrench carmaker PSA Group has warned that it will only build its new Vauxhall Astra at its Ellesmere Port plant if the UK avoids a no-deal Brexit, in a stark indic…Read more
April manufacturing fell 44.5% as factories shut down for an EU exit that never cameCar production plunged by nearly half in April as factories shut down to prepare for a Brexit date that never came, prompting renewed anguish from the UK motor industry…Read more
Ralf Speth says he did not discuss possible tie-up with head of France’s PSA GroupJaguar Land Rover’s chief executive has denied the carmaker is in talks with Peugeot over a possible sale.The British company’s Indian owner, Tata Motors, was last week f…Read more
Peugeot Citroën group is known to be interested in loss-making UK carmakerJaguar Land Rover owner Tata Motors has been forced to deny that it is on the verge of selling the British luxury car brand to the French owner of Peugeot.Britain’s biggest carma…Read more
Consumer uncertainty, new testing rules and decline of diesel lead to 20% fall, says SMMTUK sales of new cars plunged by a fifth in September as new emissions tests caused delivery backlogs, while waning appetite for diesel cars and weaker consumer con…Read more
UK’s biggest carmaker blames faltering sales on Brexit vote and tax curbs on diesel fuel
Jaguar Land Rover, Britain’s biggest car manufacturer, is to cut production at its Halewood plant as it blamed faltering sales after the Brexit vote and a tax crackdown on diesel vehicles.
JLR said uncertainty around Brexit and the future of diesel cars had weakened demand. Its sales in Britain and Europe were flat in 2017 and the firm said it it expects tough conditions to continue.Read more
Rising costs and consumer preference for chunkier SUVs prompt move with output set to be reduced by at least 60,000 cars
Vauxhall workers will hear on Monday that nearly a quarter of jobs at the company’s Ellesmere Port site are being cut as the carmaker adapts to the decline of the traditional family car and rising costs.
About 400 of the 1,800 jobs at the site are expected to go by Christmas, largely via voluntary redundancies, as demand for the Astra continues to slip in favour of chunkier and trendier SUVs.Read more