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France unveils €8bn plan to rescue ailing car industry

Digital Desk -
France’s Government is injecting more than €8bn to save the country’s car industry from huge losses wrought by virus lockdowns. It wants to use the...
BUSINESS

Honda to resume car manufacturing in UK next month

Digital Desk -
Car giant Honda is to restart UK production next month in the latest move by motor manufacturers to resume work. The company announced it had...
BUSINESS

Losses soar as demand dries up for Aston Martin’s cars

Digital Desk -
The number of vehicles sold by Aston Martin almost halved in the first three months of the year, as the luxury carmaker was hit...
BUSINESS

Jaguar Land Rover and Aston Martin to restart production

Digital Desk -
Car giant Jaguar Land Rover is to gradually resume production at two of its UK plants next month amid “robust” guidelines to support a...
WORLD NEWS

Renault seeking up to 5 billion euros in state-backed loans

Digital Desk -
French car giant Renault is seeking billions in state-backed loans as it tries to weather the coronavirus crisis. The company is also cancelling its dividend...
BUSINESS

Aston Martin unveils first SUV

Digital Desk -
Aston Martin has unveiled its first sports utility vehicle (SUV) in its 106-year history. The British luxury car maker hopes the £158,000 (€184,000) DBX will...
BUSINESS

Aston Martin shares tumble on hefty half-year loss

Digital Desk -
Shares in Aston Martin Lagonda have plummeted once again after the luxury car-maker revealed it swung to a £78.8 million (€86m) loss as demand from...
WORLD NEWS

Nissan to axe 12,500 jobs in bid to cut costs

Digital Desk -
Nissan is slashing 12,500 jobs, or about 9% of its global workforce, in an effort to cut costs and achieve a turnaround amid tumbling...
BUSINESS

Jaguar confirms plans to build electric cars in UK

Digital Desk -
Jaguar Land Rover is to build a range of electric cars in the UK, safeguarding thousands of jobs and delivering a huge boost to...
BUSINESS

Ford to cut 12,000 jobs in Europe

Digital Desk -
Carmaker Ford has said it is shedding 12,000 jobs in Europe to increase profitability, as part of a global trend of cost cutting by...
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