UK Brings Forward EV Sales Target Review to Next Year
The UK government will review its electric vehicle sales targets in 2024, a move welcomed by carmakers. Ministers confirm the 2035 petrol car ban stays, despite EU softening its rules.
The UK government will review its electric vehicle sales targets in 2024, a move welcomed by carmakers. Ministers confirm the 2035 petrol car ban stays, despite EU softening its rules.
The government has announced a £120m bailout for Scotland's Grangemouth chemical plant, the last of its kind in the UK. While saving jobs, the move highlights a reactive industrial strategy and a sector in deep crisis. Read the full analysis.
A £120m government investment, matched by Ineos, safeguards 500 jobs at Grangemouth, preserving vital UK industrial capacity for medical and aerospace plastics. Read the full story.
The UK government has invested £120m to secure the future of Ineos's Grangemouth ethylene plant, saving hundreds of jobs and Britain's chemical manufacturing base. Read the full details.
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RecommendedNissan begins production of the new Leaf EV in Sunderland, a major boost for UK manufacturing with over £450m invested. Discover the future of the plant.
Ford announces a massive $19.5bn writedown and cancels key electric vehicles, including the F-150 Lightning, pivoting to hybrids and petrol models amid shifting US policy and demand. Read the full analysis.
Airbus is set to announce the rescue of 2,750 UK manufacturing jobs after a crucial deal with Boeing. The move secures the future of key plants in Belfast and Prestwick. Read the full story.
The UK manufacturing sector has moved into expansion territory for the first time in over a year, according to the latest PMI data. Discover the details and industry reaction to the Autumn Budget.
The UK government is hiring investment bank Evercore to conduct a strategic review of Britain's steel sector amid significant taxpayer exposure. Discover the future plans.
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RecommendedGerman Chancellor Friedrich Merz is pushing the EU to reconsider its 2035 combustion engine ban, advocating for hybrid car exemptions to protect jobs and the climate. Read the latest developments.
A new independent Policy Centre has launched to give 325,000+ UK manufacturing and engineering SMEs a unified voice in government, aiming to future-proof this vital sector.
Beloved French glassmaker Duralex astonished everyone by raising €19m in 48 hours after a public appeal. The staff cooperative is now floating on a cloud with a tsunami of new orders.
UK manufacturers face devastating energy costs as key factories close. The government's delayed support scheme must be fast-tracked to prevent further deindustrialisation.
UK manufacturing output falls at its fastest rate since the pandemic, new CBI data reveals. As the Budget looms, the sector pleads for certainty. Read the full analysis.
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RecommendedExxonMobil confirms closure of its Fife Ethylene Plant near Cowdenbeath, blaming UK government policy and high costs. Up to 450 jobs at risk. Discover the full impact.
ExxonMobil announces the closure of its Fife Ethylene Plant in Mossmorran, risking 429 jobs. The shutdown, blamed on economic pressures, deals a major blow to Scotland's manufacturing sector.
Business Secretary Peter Kyle supports shift to cleaner electric technology at Scunthorpe plant, securing jobs while raising questions about traditional blast furnaces.
Sir Jim Ratcliffe's Ineos Automotive is cutting hundreds of jobs across its global operations as the company grapples with significant debt and operational challenges. Read the full analysis.
Sanjeev Gupta's Liberty Steel is under investigation in Romania for embezzlement and tax evasion. The probe adds to the tycoon's troubles following the loss of his key UK operation. Read the latest developments.
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RecommendedThe UK economy expanded by just 0.1% in Q3 2024, with September GDP falling 0.1% after a crippling cyber-attack on Jaguar Land Rover slashed car production to a 73-year low. Discover the full economic impact.
Japanese firm NSK plans to shut its Peterlee factories, placing hundreds of jobs at risk. The union vows to fight the closure. Read the full story.
Japanese firm NSK plans to shut its County Durham factory, risking hundreds of jobs. The automotive bearings plant has become unprofitable. Read the full story.
Ineos accuses the EU of 'industrial self-harm' as it files ten anti-dumping cases against low-cost Asian imports, warning of plant closures and job losses.
The Netherlands blocks China's Nexperia from acquiring Nowi, triggering a semiconductor crisis that could paralyse European car manufacturing and escalate global tech tensions.
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RecommendedBritain's automotive giant Jaguar Land Rover is driving a manufacturing surge, with new data revealing the sector's fastest growth in nearly 18 months. Discover how JLR's expansion is powering the UK's industrial recovery.
Rachel Reeves's first budget faces industry backlash as manufacturers warn new policies could undermine Britain's industrial strategy and investment climate.
OPEC+ halts planned oil output increases, sending crude prices soaring above $84. Meanwhile, UK manufacturing activity contracts for the 29th consecutive month amid ongoing economic pressures.
Major European chipmaker Nexperia suspends deliveries to Chinese customers, threatening global car manufacturing and escalating tech trade tensions.
Major European automotive manufacturers confront production paralysis as critical Chinese computer chips face potential EU tariffs, threatening vehicle supply chains across the continent.