Tag: moneymarkets
British driverless car firm Wayve raises $1.2bn with backing from tech giants
Wayve, which was founded in 2017, has secured the backing of tech giants and carmakers as it eyes the launch of driverless taxi trials with Uber this year.
Aston Martin to cut 20% of its workforce as sales slump after US tariffs
Aston Martin will cut a further 20 per cent of its workforce after reporting lower-than-expected profits, as it battles pressure from US tariffs.
Aston Martin sells its F1 naming rights for £50M as sales slide
It also announced the sale of naming rights for its Aston Martin F1 team to AMR GP Holdings for £50m to help shore up its finances.
Car manufacturer Stellantis in £19bn hit after eco U-turn
It follows write-downs by other car makers, including Ford and General Motors, as they slow their shift away from petrol and diesel.
Jaguar Land Rover suffers further losses as impact of cyber attack drags on
The motoring giant reported a £310million loss in the three months to 31 December, down from a profit of £523million a year ago.
Crippling cyber shutdown cost Jaguar Land Rover billions after sales slumped 43% in the final three months of 2025
JLR said that the cyber- attack which hit production lines, forcing it to shut down all of its factories in Britain and overseas, has cost billions of pounds in sales.
Electric car sales fall further behind government's target despite £5bn of subsidies
The market share of battery-driven cars rose to 23.4%, or 473,340 vehicles, but that fell short of the government's 28% goal for 2025, industry figures showed.
Sales of Chinese cars in Britain to top 100,000 as BYD and Jaecoo post explosive growth
Industry figures show brands such as BYD and Jaecoo - hitherto little known in the UK - shifted nearly 95,000 units in the 11 months to November.
Car sharing firm Zipcar to close operations in the UK by the end of the year
Zipcar has announced plans to close its operations in the UK by the end of the year, it said today.
Ineos to axe hundreds of jobs as Trump tariffs send car sales veering of course
Ineos Automotive, which employs 1,700 people across the world, has been grappling with a big debt pile as well as Donald Trump's tariffs on imports into the US.
JLR posts heavy losses as production returns to normal after cyber hack
Jaguar Land Rover (JLR) revealed that its annual profits are set to be wiped out after the hack in August halted production for over a month.
Elon Musk on course to become the world's first TRILLIONAIRE: Tycoon sets out his vision for AI cars and robot army to perform surgery and 'eliminate poverty'
Elon Musk looks set to become the world's first trillionaire after clinching the largest pay deal in corporate history.
Cost of car finance scandal could cause 'significant' hit to UK economy, Santander boss warns
The group's chief executive Mike Regnier said current proposals 'could significantly impact jobs, growth and the broader UK economy'.
Lloyds accused of 'frustrating' motor finance payouts
Britain's biggest lender said it would fight plans for a £11 billion compensation scheme after the cost of the scandal caused its profits to plunge.
Lloyds mulls legal action over £11bn car finance scandal payout proposals
Lloyds saw earnings plunge 36 per cent over the last quarter after the lender ramped-up cash set aside for payouts related to the car finance commissions scandal.
