Uptick in demand for less profitable electric cars also weighed on VW Group's margins
US tariffs cost the group €1.3bn in Q2 alone, while sales of less profitable EVs dented margins further
The ECG promises £650m in funding, but car makers have already had to discount their EVs by £6.5bn
Closure of Stellantis's Luton van factory played a significant role in the decline
Excluding Covid-hit 2020, the first half of 2025 was the worst for UK car factories since 1953
European EV market growth is "not at the speed expected", says Renault's global sales boss
"Very significant" sales of brand's biggest, most expensive model yet gives it more flexibility
Loopholes in UK's new Electric Car Grant could also unnecessarily boost fleet sales
Dual-motor electric version of popular truck due in February 2026 with one-tonne payload
New division will allow American EV firm to tap UK’s talent in software and artificial intelligence
Strategy targets annual production of 1.3 million by 2035, almost 50% up compared with today's levels
US import tariffs and end of Jaguar production saw JLR's global sales drop last quarter
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