Vehicle production drops in first half of year Transport & Infrastructure British car manufacturers produced considerably fewer vehicles in the first six months of this year, according to fresh figures from the industry’s largest trade group which warned that tariffs and domestic policy decisions were weighing on an already struggling sector. Vehicle production fell by 7.5 per cent between January and July compared to the same [...]
Triumph for Tesla as top court rules 5G licensing case should be heard in UK Lawsuit The UK’s highest court has given the green light for Tesla to revive a lawsuit over 5G licensing in its electric cars, after the case was previously dismissed by a panel of judges three years ago. Elon Musk’s carmaker, one of the largest global manufacturers of electric vehicles, sued Avanci, a Texan company that supplies [...]
Mercedes-Benz slammed for swerving payout for car with ‘serious safety risk’ Banking Mercedes-Benz’s finance arm has been slammed by the UK’s banks ombudsman for “very poor” handling of a motor finance dispute where a consumer’s car showed “serious” electrical faults. The financial services arm of the German carmaker has been ordered to refund with interest 50 per cent of all monthly payments made by a customer after [...]
Volkswagen’s China crunch deepens as Europe’s biggest carmaker weighs 100,000 job cuts June 27, 2026 Volkswagen is weighing up to 100,000 job cuts as Europe’s biggest carmaker accelerates a sweeping overhaul after admitting the manufacturing model that underpinned decades of German industrial success can no longer compete in a market reshaped by Chinese rivals. The German automotive giant is reportedly considering almost doubling previously announced workforce reductions while shutting four [...]
‘Very concerned’: City watchdog scolds motor finance lenders over £9bn redress scheme June 22, 2026 The City watchdog has warned motor finance lenders it is “very concerned” with how prepared the industry is to implement its £9bn redress scheme, Morning Wire can reveal. The Financial Conduct Authority (FCA) fired out letters to over 100 firms last Friday following a review of the sector’s plans to implement its under-fire redress program. [...]
Banks ‘not ready’ for motor finance scheme, says City watchdog June 9, 2026 The City watchdog has warned that motor finance lenders are “not as ready as we would expect” for the introduction of its long-awaited redress scheme. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), has written to the Treasury Committee following inquiries around the legal challenges to its car mis-selling scheme. The regulator published [...]
Porsche Cayenne Coupe Turbo Electric: a super-powered SUV May 26, 2026 Tim Pitt drives the new Porsche Cayenne Coupe Electric in flagship Turbo guise. Can a 1,156hp family SUV make any sort of sense? The SUV coupe is a curious species. Less roomy and practical than a traditional, upright SUV, yet less dynamic and stylish than a coupe, it seems to be the worst of all [...]
Government urged to accelerate review of ‘disruptive’ EV sales targets May 13, 2026 A leading London-listed car dealership has called on the government to speed up its review of electric vehicle sales targets, which it said “disrupts” the car sales market. AIM-listed Vertu Motors has said the Zero Emission Vehicle (ZEV) mandate scheme is hitting its profits and “distorting” its volumes and margins. The scheme was brought in [...]
Mercedes Benz joins legal battle over £9bn motor finance scheme April 29, 2026 Mercedes Benz is confirmed to be among the four legal challenges lodged against the UK financial watchdog’s motor finance redress scheme. The financial services arm of the German car giant is set to challenge the scheme that puts the car finance industry on the hook for £9.1bn in compensation. The carmarker has thus far set [...]
Aston Martin turnaround stalls as carmaker posts loss April 29, 2026 Aston Martin’s turnaround under billionaire Lawrence Stroll remains stuck in first gear as the car manufacturer posted another loss. The FTSE 250 firm posted a £66m pre-tax loss in the first three months of this year, which is 18 per cent narrower than this time last year, though total car sales dropped by one per [...]