Category : Search result: automotive industry layoffs


Mercedes-Benz Moves US HQ from New Jersey to Atlanta

Mercedes-Benz USA announces a landmark relocation of its headquarters from New Jersey to Atlanta, Georgia, signalling a significant shift in its American corporate strategy and real estate footprint.

Trump's 25% Tariff on Hyundai & Kia Stuns Markets

In a dramatic escalation of his immigration policy, former President Donald Trump has announced a staggering 25% tariff on all Hyundai and Kia vehicles entering the United States. The move, which sent shockwaves through financial markets, is a direct reta

ConocoPhillips Axes 25% of UK Oil Workforce

US oil giant ConocoPhillips has announced deep cuts to its British operations, slashing a quarter of its UK workforce. The move signals a major shift in the North Sea energy landscape and raises concerns about the future of the region's oil industry.

Hyundai defies Trump, keeps Georgia EV plant on track

South Korean automotive giant Hyundai Motor confirms it will continue operations at its massive electric vehicle plant in Georgia, despite former President Donald Trump's threats against automakers employing union labour.

UK Car Production Crashes to Lowest Level Since 1980s

UK car manufacturing output nosedived in 2023, hitting a multi-decade low. Brexit trade barriers and a crippling global semiconductor shortage are blamed for the steepest annual decline in production since the 1980s.

Lotus Slashes UK Jobs, Blaming Trump Tariffs

British sports car maker Lotus is slashing a significant number of jobs at its UK headquarters, citing the severe impact of new US tariffs. The move sends shockwaves through the already struggling British automotive sector.

Lotus to Cut 200 Jobs in Major Electric Vehicle Restructure

Norfolk-based sports car manufacturer Lotus is set to cut up to 200 jobs as part of a significant restructuring plan, citing a necessary strategic pivot towards an all-electric future under its Chinese parent company, Geely.

UK Car Production Surges 10% on EV and Export Demand

UK car manufacturing roared back to life in February with a 10% year-on-year increase. Driven by soaring demand for electric vehicles and robust exports, the industry signals a strong recovery, though domestic market challenges remain.

UK carmakers face massive fines over missed EV sales targets

British car manufacturers are bracing for significant financial penalties after failing to meet the government's Zero Emission Vehicle (ZEV) mandate targets for 2024. With EV sales lagging, the industry calls for urgent government support to boost consume

JLR Profits Hit by Tariffs and Falling Sales

Jaguar Land Rover (JLR) reports a sharp decline in profits due to rising tariffs and sluggish sales. The iconic British brand faces challenges in key markets, including China and Europe. Can it recover?

UK car production rises 10% in April

British car manufacturing sees a significant boost in April, driven by robust exports and easing supply chain issues, reports the Society of Motor Manufacturers and Traders.

Toyota cuts profit forecast over Trump tariffs

Toyota has revised its profit forecast downward, citing the impact of new US tariffs imposed by former President Donald Trump. The move signals potential challenges for global automakers.

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