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Bussiness

VW plans to close 3 German plants as auto industry turmoil grows

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Volkswagen last month canceled a 1994 agreement that protected its workers from layoffs until 2029, enabling business-related layoffs from mid-2025. With sales in China declining...
Bussiness

Pay-per-mile scheme ‘only way’ to fill £24bn ‘black hole’ left by lost fuel duty receipts

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A pay-per-mile system could be the only way for the Treasury to fill a £24billion black hole left by lost fuel duty receipts, experts...
Bussiness

Major new rules to be introduced to ‘crack down’ on ‘tragic’ electric scooter and e-bike fires

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E-scooters and bikes could be forced off UK roads after numerous safety complaints have been raised over the growing fire risks. Due to the...
Bussiness

Tesla shares jump on profit beat, Musk’s prediction of at least 20% ‘vehicle growth’ next year

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Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024Source: Tesla...
Bussiness

Sadiq Khan in hot water after unpaid Ulez fines reach £376m with TfL in huge debt

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Sadiq Khan is facing a mounting financial crisis as its Ulez debt levels have soared by nearly £300million in just three years. The...
Bussiness

Uber calls for return of 2030 petrol and diesel car ban as it suggests waiting longer for electric vehicles

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Uber has urged the new Labour Government to maintain its pledge to end the sale of new petrol and diesel cars by 2030. The...
Bussiness

EU Commission Gets Support to Slap Up to 45% Tariffs on Chinese EVs | OilPrice.com

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The European Commission has received enough support from EU member states to impose hefty tariffs of up to 45% on...
Bussiness

European Union votes to impose tariffs on Chinese electric vehicles

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Employees work on an electric vehicle (EV) production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024.Adek Berry...
Bussiness

EU countries overcome German resistance to back duties on Chinese EVs

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In practice, that means the Commission is free to decide on next steps. The Commission — which conducted a nearly year-long investigation into unfair Chinese...
World

Macron: EU has only 2 or 3 years to stave off total US, China dominance

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“If we want clearly to be more competitive and have our place in this multipolar order first we need a simplification shock,” Macron said. Talking...
Bussiness

Jaguar Land Rover backs electric cars with huge £500million funding boost for historic British factory

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The future of electric vehicles in the UK has been boosted by Jaguar Land Rover announcing a massive £500million funding package to transform its...
Bussiness

Europe’s battery champion slashes jobs amid slowing EV sales

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"The decisions we’re taking today, however tough, are required for Northvolt’s future," Northvolt CEO Peter Carlsson said in a press release. The layoffs mark a...
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