Finance

Volkswagen Group profits down €3bn; VW brand operating on 2% margin

Group says "urgent" cost cutting needed at main brand to balance books

30 October 2024
Volkswagen Group profits down €3bn; VW brand operating on 2% margin
Finance

JLR posts best profit since 2015 as Defender, Range Rover sales soar

Firm generated a record £29 billion in revenue last year, selling more than 400,000 cars

10 May 2024
JLR posts best profit since 2015 as Defender, Range Rover sales soar
Lotus electric car line up 2024
Lotus is transitioning to an electric-only line-up
Finance

Lotus posts £594m loss for 2023 ahead of EV sales growth

Lotus delivered just 7000 cars last year but says it is making "steady progress" towards 150,000 units in 2028

8 April 2024
Lotus posts £594m loss for 2023 ahead of EV sales growth
Finance

Bahrain state fund takes full ownership of McLaren Group

Long-awaited share restructure is a step towards funding the company's future product plan

22 March 2024
Bahrain state fund takes full ownership of McLaren Group
Finance

JLR profits soar amid record Range Rover sales

Record wholesales for Range Rover models drive £627 million profit for final quarter of 2023

2 February 2024
JLR profits soar amid record Range Rover sales
Finance

Renault cancels IPO for Ampere EV division

Firm says market conditions are no longer suitable for a public listing

29 January 2024
Renault cancels IPO for Ampere EV division
2023 land rover defender  outbound front three quarters 2
Defender, Range Rover and Range Rover Sport make up 77% of 168,000 order bank
Finance

Jaguar Land Rover posts record revenues as sales increase

JLR generated £13.8bn between March and September, with profits climbing to £442m from a £173m loss last year

2 November 2023
Jaguar Land Rover posts record revenues as sales increase
renault austral 02 front trackin
The new Renault Austral compact SUV is key to the French brand's future-looking strategy
Finance

How Renault went from near-bust to boom in three years

The company rebounded from a €7.3 billion loss in 2020 to a €2.1 billion profit this year

23 August 2023
How Renault went from near-bust to boom in three years
Vinfast vfe36
Vinfast launched in Europe last year, selling cars in France, Germany and the Netherlands
Finance

Vietnamese car maker Vinfast valued at more than Ford and GM

US investors back electric car maker to take on Tesla despite the firm not having made a profit yet

16 August 2023
Vietnamese car maker Vinfast valued at more than Ford and GM
bentley bentayga ewb 01 front tracking
The Bentley Bentayga was the firm's most popular model, taking 44% of sales
Finance

Bentley expecting tough end to 2023 after H1 sales drop

Crewe-based firm boosted by increased demand in Mulliner division, which kept profits stable

28 July 2023
Bentley expecting tough end to 2023 after H1 sales drop

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