Corporate

Trump tariffs: car makers struggle to mitigate loss of billions in profit

For many, the imposition of a 25% US import charge spells crisis. But for some, it's a major opportunity

6 May 2025
Trump tariffs: car makers struggle to mitigate loss of billions in profit
iCar V23 Camel Trophy front quarter
iCar majors on customisation: this example mimics Land Rover's Camel Trophy competition cars
Electric vehicles

Inside iCaur, the new UK-bound Chinese 4x4 brand channelling Jeep

Chery-owned 4x4 brand's 'salute to the classics' will now look to rival them – and on their home turf, too

2 May 2025
Inside iCaur, the new UK-bound Chinese 4x4 brand channelling Jeep
Manufacturing

Horse: Why 'everyone is interested' in partnering new engine maker

Geely-Renault engine maker in demand amid slower-than-expected growth in EV sales

1 May 2025
Horse: Why 'everyone is interested' in partnering new engine maker
aston martin valour 2024 front quarter static
Lower sales of high-value 'specials' were cited as the reason for a drop in revenue
Corporate

Aston Martin cuts losses despite drop in revenue

Loss of £79.6m is almost half the £138.8m loss recorded in the first quarter of 2024, as cost-cutting plan progresses

30 April 2025
Aston Martin cuts losses despite drop in revenue
Jeep Gladiator production
Trump administration has announced relief on import taxes on foreign-made car parts
Corporate

Stellantis axes 2025 profit forecast, citing tariff unpredictability

Massive group is the latest of several car makers to suspend earnings guidance following Trump bombshell

30 April 2025
Stellantis axes 2025 profit forecast, citing tariff unpredictability
Retail and finance

Volkswagen Group blames 40% drop in profits on rise in EV sales

Low profit margins of EVs compared with combustion siblings leaves the group with a 4% margin

30 April 2025
Volkswagen Group blames 40% drop in profits on rise in EV sales
Finance and corporate

McLaren CEO Leiters steps down following Forseven merger

New McLaren Group Holdings CEO Nick Collins will now run the Surrey-based supercar maker

29 April 2025
McLaren CEO Leiters steps down following Forseven merger
Electric vehicles

Porsche scales back in-house battery plans in revision of EV strategy

Decision hints at renewed focus on ICE cars; investment will be redirected into broader product and software offensive

29 April 2025
Porsche scales back in-house battery plans in revision of EV strategy
New cars

New Mercedes-Benz VLS to be ultra-luxurious ‘S-Class van’

Design boss Gordon Wagener says striking new concept shows how MPV will become first-class limousine

28 April 2025
New Mercedes-Benz VLS to be ultra-luxurious ‘S-Class van’
New cars

Amazon-backed Slate reveals bare-bones £20k EV pick-up for US

Michigan-based EV start-up will begin production of the ultra-utilitarian, 240-mile Truck next year

25 April 2025
Amazon-backed Slate reveals bare-bones £20k EV pick-up for US

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