Industry

Electric car maker Tesla saw its year-on-year operating income plummet by 42 per cent in Q2, from $1.6 billion (£1.18bn) to $923 million (£683m), according to the company’s latest earnings statement.

Volkswagen Group has issued profit warnings after a sharp decline in second-quarter net profit, led by the impact of US import tariffs, and a subsequent weak performance from premium brands Porsche and Audi.

Volkswagen Group has reported that the US’s new tariffs have cost it over a billion dollars so far this year even as sales increase. Here are the details.

BYD executives have said that the UK Government's 'stupid' new Electric Car Grant won't stop Chinese EVs taking over and has said it will create a 'drug' effect.

The launch of the electric Range Rover, which has been on the cards for three years, has been delayed yet again, with parent company JLR writing to customers waiting for the model to inform them that deliveries will not start until next year, after initia...

Tesla is still feeling the effects of Elon Musk’s move into politics a year ago as both sales and profits dropped sharply again in the latest quarter.

Europe’s new car market went into reverse in June, as monthly registrations dropped by 4.4% year-on-year to 1,250,868 units.

Demand for used vans is up by 9.3 per cent year on year despite a slowdown in the new van market, according to one of the UK’s leading auction groups.

Chinese car maker BYD will delay mass production at its new electric vehicle factory in Hungary until 2026 and will run the plant at below capacity for at least the first two years, according to reports from news agency Reuters.

The overall car sales market is set to reach a new peak in 2025 with 9.75 million sales, according to the latest forecast from Auto Trader.

Production of new cars and vans has fallen by almost 12 per cent in the first half of 2025, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).

We're looking at Tesla's ever-worsening earnings calls, as well as Hyundai's tariff hit.

Chrysler, which is owned by the same company as Jeep (Stellantis), reported the recall to the NHTSA on July 17.

Alfa Romeo is the first non-Chinese brand to offer incentivised discounts on its electric models, ahead of official EV Grant details being finalised.

The USA’s biggest car maker, General Motors, has claimed that President Donald Trump’s tariffs knocked $1.1bn (£813m) off its operating income in its last quarter.

Shares in automotive companies have boomed after US President Donald Trump struck a trade deal with Japan.