Jaguar Land Rover: Profit accelerates but sales stall November 8, 2024 Jaguar Land Rover has revealed its pre-tax profit accelerated by 25 per cent during the first half of its financial year despite its revenue flatlining. The automotive giant has reported a profit of £1.1bn for the first six months of its year to the end of September 2024. However, its revenue remained at £13.7bn. For [...]
Bentley pushes back full all-electric switch to 2035 November 7, 2024 Bentley Motors has pushed back its switch to only making electric cars to 2035, it has been confirmed. The Crewe-headquartered luxury car maker, which is owned by Volkswagen, had originally announced in November 2020 that it intended to go all-electric by 2030. The aim was again reiterated in January 2022 when Bentley revealed plans to launch [...]
Jaguar Land Rover: Drivers using plug-in hybrids as ‘stepping stone’ towards electric cars October 30, 2024 Jaguar Land Rover has revealed a sharp rise in the sales of its plug-in hybrid models (PHEV) as its customers use them as a ‘stepping stone’ towards battery electric vehicles (BEV). The automotive giant has reported a 59 per cent rise in PHEV sales during the first half of its financial year compared to the [...]
Lookers in the red after £504m take-private deal October 28, 2024 Car dealership giant Lookers slumped into the red in the year it was taken private in a deal worth more than £500m. The Cheshire-headquartered business has reported a pre-tax loss of £5m for 2023, having posted a pre-tax profit of £73.9m in 2022. The loss comes as newly-filed accounts with Companies House show Lookers’ revenue [...]
Unique Rolls-Royce Phantom Goldfinger is the ultimate Bond car October 25, 2024 As an emphatic statement of wealth, it’s hard to top a Rolls-Royce made from solid gold. But then Auric Goldfinger was never the modest or timid type. It was 1964 when this evil mastermind scaled the Swiss Alps in his Phantom III Sedanca de Ville, pursued at a safe distance by Sean Connery as James [...]
Investors brace for Tesla’s earnings after Robotaxi flop October 21, 2024 Tesla is set to post its third quarter earnings on Wednesday, with most analysts bracing for a slight dip in earnings per share compared to last year. The consensus forecast for revenue sits around $25.34bn (£19.5bn), up from the $23.35bn (£17.96bn) it booked in the same quarter of 2023. In its most recent quarter, Elon [...]
New Porsche 911 GT3 revealed – including option of rear seats October 18, 2024 Say Guten Tag to the new 911 GT3. The most hardcore, track-focused version of Porsche’s iconic sports car has received a mid-life makeover, with revised aero, a shorter final-drive ratio and more lightweight parts. Plus the option of rear seats for the first time. The updated, fourth-generation GT3 – known as the 992.2 to Porsche [...]
AA: More customers helps profit surge at breakdown giant October 16, 2024 A growing customer base has helped boost profit at the AA after a US investor took a £450m stake in the motoring group. The breakdown giant has posted a pre-tax profit of £39m for the six months to the end of July 2024, up 70 per cent compared to the same period in 2023. The [...]
Vertu Motors: Profit at car dealership giant falls as UK sales stall October 16, 2024 Profit at car dealership Vertu Motors reversed during the first half of its financial year as UK sales of new cars stalled. In interim results filed with the London Stock Exchange, Gateshead-headquartered Vertu Motors reported a pre-tax profit of £22m for the six months to 31 August, 2024, down from the £30.1m it achieved in the [...]
Porsche Macan EV review: Popular performance SUV goes electric October 15, 2024 You’ll note the title of this review refers to the ‘Porsche Macan EV’. In truth, this car is just the ‘Macan’ – a clean-sheet new SUV intended to replace the long-serving combustion car. However, the market’s less-than-ravenous appetite for EVs has forced a rethink. So, for now at least, Porsche will continue selling the petrol-powered [...]
