The boss of German car giant BMW has said he will quit the business during a tough time for the industry with falling profits and the rise in electric car investments, the company revealed.
Jaguar Land Rover is to build a range of electric cars in the UK, safeguarding thousands of jobs and delivering a huge boost to the industry after a series of setbacks in recent months.
Aston Martin’s biggest investor is looking to boost its stake by splashing out £68 million on another 3% holding in the luxury car-maker.
The company behind We Buy Any Car has received a £1.9 billion bid for the group from private equity house TDR Capital.
A no-deal Brexit could cost the UK car industry up to £70 million a day, according to a new report.
The owner of WeBuyAnyCar.com, BCA Marketplace, has confirmed it is the subject of a £1.9 billion takeover bid from a UK private equity giant.
Growth in the British economy slowed in the three months to April, as a drop in car production following the original Brexit deadline hit output.
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Ford has come under attack from unions after announcing plans to close its engine plant in Bridgend next year, with the loss of 1,700 jobs.
Fiat Chrysler has pulled out of an offer to merge with French car maker Renault, citing problems with France’s political climate.