Getty Images Sales of electric vehicles soared last year, but the market as a whole failed to recover from the Covid pandemic. More electric cars were registered in 2021 than in the previous five years combined, according to the Society of Motor Manufacturers and Traders (SMMT). Yet the industry body said much more investment is […]

Getty Images The RAC has accused petrol retailers of ripping off motorists by refusing to pass on wholesale price cuts. The motoring organisation said unleaded petrol fell by 2p a litre, but should have come down by 12p. It estimated drivers were overcharged by £5m a day in December as retailers made an average of

Reuters US car giant General Motors has lost its title as America’s top car seller for the first time in 90 years. Japan’s Toyota claimed the top spot, selling more than 2.3 million vehicles last year, up 10%. GM said its sales, which fell 13%, were hurt by the widespread shortage of semiconductor parts that

Getty Images The Omicron variant could add pressure to a chronic shortage of microchips used in car manufacturing, the boss of car giant Nissan has warned. Makoto Uchida said it was too early to say when normal deliveries, and therefore finished cars, would resume. “I can’t give you a date. This new variant could add

Getty Images UK car production dropped by more than 40% last month to the lowest level recorded for October since 1956. The Society of Motor Manufacturers and Traders (SMMT) said the fall was due to “a global shortage of semiconductors which led to production stoppages”. It added that the decline, compared to last year, was

Getty Images Tesla shares have fallen by about 4.6% after Twitter users voted in favour of boss Elon Musk selling 10% of his stake in the carmaker in order to pay tax. Mr Musk polled his Twitter followers on whether he should sell the shares, and 58% of the 3.5 million accounts that voted said

EPA/Fredrik Sandberg Swedish car company Volvo is now valued at more than $22bn (£16bn) after its shares jumped in the first hours of trading of its market debut. Volvo, majority-owned by Chinese firm Geely, offered up shares in a slice of the company on the Stockholm stock exchange on Friday. Shares jumped from an initial

Ford Europe Ford is to invest £230m in its Halewood plant on Merseyside to make electric car parts, helping safeguard 500 jobs. The investment will mean the plant will run for many years longer, said Stuart Rowley, president, Ford of Europe. There had been speculation about the future of the Halewood factory complex as Ford