October 16, 2024
Car insurance taskforce to launch and take ‘direct action’ as drivers struggle with ‘spiralling’ costs
Insurance bodies in the UK will meet with ministers and the Transport Secretary later today to crack down on the "spiralling" costs of car insurance which has seen some motorists pay thousands of pounds a year. Transport Secretary Louise Haigh and…
October 1, 2024
Aston Martin shares shaken after profit warning
Luxury carmaker Aston Martin's share price sank more than 20% after it said profits will be lower than expected this year.The company, famed for its links to fictional superspy James Bond, has been hit by supply chain issues and falling sales in…
September 20, 2024
GM to recall over 449,000 pickup trucks, SUVs in US
General Motors (GM.N), opens new tab is recalling 449,671 pickup trucks and SUVs in the U.S. due to inoperative low brake fluid warning, the U.S. National Highway Traffic Safety Administration said on Friday. The recall includes some 2023 Chevrolet…
August 29, 2024
Exclusive: Tesla asked Canada for lower tariff on China-made EVs, government source says
OTTAWA, Aug 28 (Reuters) - Before Canada said this week it was imposing a 100% duty on Chinese-made electric vehicles, Tesla (TSLA.O), opens new tab approached Ottawa and asked for a lower tariff on its autos, a Canadian government source said on…
July 19, 2024
Tesla EV sales aren’t rising in the U.S.
New electric vehicle registrations rose 9.6% in May, mostly due to sales promotions and good lease deals. However, not everyone is having fun. Tesla’s new vehicle registrations fell for the fourth consecutive month, according to data from S&P…
May 14, 2024
Chinese EV called the Seagull poses a big threat to the US auto industry
Auction house Christie's attempts to sell art and other high-value items worth an estimated $840m (£670m) are being hampered by a cyber attack. A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The…
April 15, 2024
Tesla lays off more than 10% of its workforce
In a memo, first reported by news website Electrek, billionaire owner Elon Musk told staff there was nothing he hated more, "but it must be done".The world's largest auto maker by market value had 140,473 employees globally as of December, according…
April 7, 2024
Tesla Model 2 scrapped in favour of robotaxis
Tesla has scrapped plans for a new ‘Model 2’ entry-level electric car, Reuters reports. The long-promised new model line, which boss Elon Musk recently suggested could enter production late next year, was tipped to come to market at less than…
March 15, 2024
Tesla Model 2 set for production next year
Tesla’s long-awaited entry-level electric car is finally set to enter production next year, giving the firm a foothold in the increasingly competitive sub-£25k sector. The ‘Model 2’, as it is known, has been on the cards for years. Tesla CEO Elon…
March 4, 2024
Nissan accused of dumping its electric car pioneers
Owners of Nissan Leaf electric cars have accused the firm of "dumping its pioneers" after it announced its app would stop working for older vehicles.The firm says the app - which allows remote control of functions such as heating - is stopping…