All the updated news related to automotive industry

All the news related to automotive industry updated in real time

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City

Auto Trader says new car market ‘remains challenging’ despite sales rise

Auto Trader has revealed a rise in revenues for the past six months, but said the market for new cars “remains challenging”. Shares in the company slid after it downgraded the average revenue it expects to make per retailer this financial year, ...

07 Nov 2024 at 13:41

Sales of used electric cars reach record high

Purchases of pure electric used cars have reached record levels, new figures show. Some 53,423 of the cars changed hands between July and September, the Society of Motor Manufacturers and Traders (SMMT) said. That is a surge of 57.0% compared ...

07 Nov 2024 at 00:01

Finance

Pace of electric vehicle transition could ‘devastate’ car industry – trade body

The current transition to electric vehicles could have a “devastating” impact on the automotive industry, the Society of Motor Manufacturers and Traders (SMMT) has warned. The trade association said the market has failed to keep step with ...

26 Nov 2024 at 20:30

Used EVs save owners average of £1,600/year compared with petrol models – study

The UK’s best-selling used electric cars could save their owners an average of £1,600 per year compared with their petrol equivalents, according to new research. The Energy and Climate Intelligence Unit (ECIU) think tank, which conducted ...

20 Nov 2024 at 02:45

City

Vertu Motors: Electric carmakers are slashing prices to meet emissions targets

Vertu Motors has cautioned the new car market is coming under pressure as carmakers scramble to meet Government zero-emission targets by cutting prices. The car dealership group said demand for battery electric vehicles (BEVs) is ...

17 Oct 2024 at 09:37

World

Italian car workers go on national strike for first time for 20 years

Workers in Italy’s troubled automotive sector are holding a national strike on Friday for the first time for 20 years, with a massive demonstration being held in the centre of Rome. The strike, called by the sector’s three main ...

18 Oct 2024 at 11:20

World

Japanese car giants Honda and Nissan announce merger plans

Honda and Nissan have announced plans to join forces, forming the world’s third-largest car maker by sales. The two Japanese companies said they had signed a memorandum of understanding on Monday and that smaller Nissan ...

23 Dec 2024 at 08:40

RAC revenues and profits up after member numbers reach 15m

City

RAC revenues and profits lift after member numbers reach 15m

Vehicle breakdown specialist RAC has revealed stronger revenues and profits after it saw member numbers grow to 15 million. The breakdown, insurance and maintenance firm reported that revenues grew by 8% to £411 ...

29 Aug 2025 at 11:00

More steps needed to spark ‘mass adoption’ of EVs – analysis

Drivers are not yet being given the conditions that would enable most to switch to an electric vehicle (EV), according to research. Factors such as upfront costs and access to charging are among significant ...

16 Sept 2025 at 08:56

More electric cars eligible for new Government grants

Thirteen more electric car models are eligible for new Government grants. Drivers can save £1,500 with the purchase of certain Nissan, Renault and Vauxhall models, the Department for Transport (DfT) said. ...

09 Aug 2025 at 00:01

First electric cars eligible for new grants announced

The first electric car models eligible for new Government grants have been announced. Drivers will be able to save £1,500 with the purchase of new Citroen e-C3, e-C4, e-C5 and e-Berlingo cars, the ...

05 Aug 2025 at 10:36

World

Tesla awards CEO Musk millions of shares valued at about 29 billion dollars

Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately 29 billion US dollars (£22 billion), just six months after a judge ordered the company to revoke his ...

04 Aug 2025 at 22:03

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