Subscribe to The Times
Home > News > Business

Business

Transition to electric cars could be worth £24bn, says report

Electric cars could boost UK economy by £24bn

New government-backed research has found that a switch to electric vehicles could inject a much-needed £24bn into the nation’s economy.
Published 22 June 2020
Toyota partners with Chinese companies to produce hydrogen fuel cell

Toyota doubles down on hydrogen

Toyota is intensifying its efforts to make hydrogen powered vehicles a commercial viability by starting a venture with five Chinese companies.
Published 09 June 2020
Government considers £6000 scrappage scheme for electric car buyers

Scrappage scheme to stimulate EV buying

The UK government is reportedly considering offering electric car buyers a £6,000 discount as part of a scrappage scheme.
Published 08 June 2020
New car sales fall 89% in May

New car sales down 89% in May

Coronavirus continues to wreak havoc on the automotive industry with sales of new cars falling 89% in May compared to the same month last year.
Published 04 June 2020
Car industry pushes for scrappage scheme and petrol incentives

Car industry wants scrappage, petrol incentives

The UK’s automotive industry is reportedly in talks with the government in order to procure a £1.5bn deal in the form of a scrappage scheme.
Published 03 June 2020
Nissan reignites Sunderland plant uncertainty

Nissan: No-deal Brexit still threatens UK factory

Nissan's boss has told the BBC that the future of its factory in Sunderland, the biggest car manufacturing plant  in the UK, is still in jeopardy
Published 03 June 2020
UK government seeking site for Tesla factory

UK government seeking site for Tesla factory

The department for International Trade is reportedly trying to find a four million square foot site in order to construct a Tesla Gigafactory.
Published 30 May 2020
Venezuela announces end to free fuel

Venezuelan drivers to start paying for petrol

Venezuelan president Nicholas Maduro has announced an end to a system whereby it has been possible to get a tank of petrol for almost nothing.
Published 29 May 2020
Nissan’s Sunderland plant to remain open amid job cuts

No job cuts at Nissan’s Sunderland plant

Workers at Nissan’s Sunderland plant are breathing a sigh of relief after it was revealed that there will be no job cuts at the factory.
Published 28 May 2020
Coronavirus: McLaren to axe 1200 jobs

Coronavirus: McLaren to axe 1,200 jobs

Supercar manufacturer and F1 team McLaren is to axe 1,200 jobs due to the financial effects of coronavirus.
Published 26 May 2020
Aston Martin boss Andy Palmer may be ousted after losses

Aston Martin boss ousted after losses (updated)

Andy Palmer helped turn around Aston Martin's fortunes when he joined as Chief Executive in 2014 but has now lost his role.
Published 26 May 2020
Drive to reopen car dealerships

Drive to reopen car dealerships

The UK automotive industry is facing its most difficult choice during this pandemic crisis – how and how soon to open up new-car showrooms.
Published 22 May 2020