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Automotive News – Early February 2024

Estimated reading time 2 minutes

The UK registered its one millionth electric car last month, despite a big drop in sales, new figures suggest.  New EV registrations by private buyers fell by a quarter in January, threatening to undermine the UK’s net zero promises.

Overall new car sales to private customers fell by 16% in the same period, the Society of Motor Manufacturers and Traders (SMMT) said.  The figures have sparked more calls for tax cuts to boost uptake among buyers.

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Jaguar Land Rover reported its biggest revenues in a nine-month period, today (February 2, 2024).

In releasing its results for the three months to December 31, 2023, the luxury car marque, which has production plants at Halewood in Merseyside and Solihull and Castle Bromwich in the West Midlands, revealed its strong financial performance following the easing of the sector’s shortage of digital chips.

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The UK-based operations of the electric van maker Arrival – a firm once championed by former Prime Minister Boris Johnson – have been placed in administration.

Arrival planned to build innovative electric vans for sale around the world.  The Banbury-based business was worth £9bn just three years ago

It had been described as the future of the UK automotive industry but struggled to get its designs produced.

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Aston Martin is searching for its fourth chief executive in four years according to The Telegraph.

Chairman Lawrence Stroll, who boosted his stake in the luxury car manufacturer to 26.23% in September, is allegedly contacting current and former bosses of other brands to see if they would be willing to take the helm.

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